#410351518, Lauren Klimoff, Eleanor Lange, Listing office: MORE Realty
Property details
About 10406 NE Fargo St
Rare and versatile investment opportunity with significant income potential! This fully permitted property includes 3 private studio apartments—each with its own kitchen and bath—as well as 6 additional efficiency studios that share two full kitchens and two full bathrooms. Currently, several units are vacant and rent-ready, offering immediate upside for a buyer to bring in new tenants at market rates. The upstairs studio is beautifully remodeled and available for immediate move-in! Whether you’re an investor looking to maximize cash flow or a homeowner seeking to offset your mortgage by living on-site and renting the rest, this property is a true cash cow. Ideal for use as a group home, co-living space, or long-term rental model. You can place your own tenants, customize lease terms, or hire a property manager to handle everything. Opportunities like this—fully permitted, income-producing, and full of possibility—are rare.
Highlights
Home typeOther
HeatingForced Air
StatusActive
Size4,056 sqft
BasementYes
Lot size0.19 Acres
Year built1997
ParkingDriveway, Garage
MLS #282202472
Garage2 spaces
ViewMountain(s), Trees/Woods
Summary
- Basement: Yes
- Flooring Type: Hardwood
- Garage Space: 2 spaces
- Attached Garage: No
- Parking: Driveway, Garage
- View: Mountain(s), Trees/Woods
- Heating: Forced Air
- List Price: $750,000
- Price/SqFt: $184
- Annual Tax Amount: $10,115
- Tax Year: 2023
- Lot: Gentle Sloping, Private, Trees
- Directions: 102nd to Fargo Street, Across from Seventh Day Church
- Year Built: 1997
- Stories: 3
- Living Area: 4,056 SqFt
- Lot Size: 0.19 Acres
- MLS Number: 282202472
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: ELEETE Real Estate
- Office Phone: (503) 292-1500
- Listing Agent: Tony Apa, Grace Geiger
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/22/2025, 6:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $463,460 | $10,115 |
| 2022 | $449,970 | $10,147 |
| 2021 | $436,870 | $10,147 |
| 2020 | $424,150 | $9,396 |
| 2018 | $399,810 | $7,857 |
| 2017 | $388,170 | $7,520 |
History based on county public records data.
Nearby schools
4
Prescott Elementary School
Public District PK-5
0.7 mi
•10410 NE Prescott St
7
Sacramento Elementary School
Public District PK-5
0.7 mi
•11400 NE Sacramento St
4
Jason Lee Elementary School
Public District EE-5
0.8 mi
•2222 NE 92nd Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $56,163. Residents of Portland, OR typically earn between $35k-100k each year. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
20%
<35k
67%
35k-100k
12%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
46%
Single, No Kids
9%
Single, with Kids
26%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
8%
12-17 yrs old
23%
18-34 yrs old
43%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Tennis
Major League Soccer (MLS)
Where do the neighbors shop?
IKEA
Crate & Barrel
H&M
Where do the neighbors go to eat?
Quiznos
Starbucks
Popeyes
What do the neighbors drive?
Lexus
BMW
Nissan
What do the neighbors listen to?
Soft Adult Contemporary
News- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 10406 NE Fargo St
The listing price of 10406 NE Fargo St property is $750,000.
The property 10406 NE Fargo St is a house located in Portland, Oregon, 97220.
Active Listing: 10406 NE Fargo St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 10406 NE Fargo St are: Prescott Elementary School (GreatSchools Rating 4/10), Sacramento Elementary School (GreatSchools Rating 7/10), Jason Lee Elementary School (GreatSchools Rating 4/10), Parkrose Middle School (GreatSchools Rating 3/10), Roseway Heights School (GreatSchools Rating 5/10), Floyd Light Middle School (GreatSchools Rating 5/10), Parkrose High School (GreatSchools Rating 5/10), David Douglas High School (GreatSchools Rating 3/10), Alliance High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $10,115 (source: MLS/based on county public records data).
The property at 10406 NE Fargo St has 0 bathroom.
The property 10406 NE Fargo St is 4,056 SqFt (source: MLS/tax record).
The year of construction for 10406 NE Fargo St is 1997.
This home is located at 10406 NE Fargo St in Portland, OR and zip code 97220 in the Parkrose Heights neighborhood. This 4,056 square foot home, which was built in 1997, sits on a 0.19 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since July 11, 2025 and is currently priced at $750,000.
Over 355 listings were sold over their listed price in June 2025 in Portland, OR. In the same period over 352 listings were sold below the listed price and 190 listings were sold for the listed price. The number of homes for sale in Portland, OR increased by 4.6% between May and June 2025. In June 2025 median list price was $551,126 and the average listing age was 39 days.
From Rocket Homes Real Estate and based on county public records data.