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Listed by Rarebird Real Estate
$875,000
Est. payment /mo
2,736 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,736 sqft
Price per Sqft $319
Subdivision Richmond
MLS Listing ID 787062550
Year Built 1959
Annual Tax Amount $12,727
Tax Year 2025
Lot Size 6,098 Sqft
Property Description
Immaculately maintained triplex in a highly sought-after Southeast Portland location, offered in conjunction with the neighboring triplex. Both properties must sell and close together.Each unit lives like a home. Private garage and private basement space accessible only to that tenant, a feature that consistently drives demand and retention in this rental pool. Air conditioning in every unit. Hardwood floors throughout. Most units have been updated, and new water service lines serve each building.The setting sets this offering apart: impeccable landscaping, a beautiful central courtyard, and a peaceful, established residential block that tenants do not leave easily.Operating expenses are light for ownership. Tenants pay their own water, sewer, and gas. The landlord pays trash only.Current rents sit approximately 12% below market, delivering immediate upside to a new owner without repositioning the asset or displacing tenants. Strong in-place income, minimal deferred maintenance, and a clear path to higher NOI.An uncommon opportunity to acquire six units side by side in one of Portland's most durable rental submarkets, with the scale advantages of a small multifamily portfolio and the tenant appeal of individual homes.Sold subject to the concurrent sale of the adjacent triplex. All offers subject to interior inspection. Please do not disturb tenants.
Location
State OR
County Multnomah
Area _143
Zoning R5
Rooms
Basement Unfinished
Interior
Heating Forced Air, Wall Heater
Cooling Central Air
Exterior
Garage Spaces 3.0
Roof Type Composition,Shingle
Garage No
Building
Lot Description Private
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Grout
Middle Schools Hosford
High Schools Cleveland
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Altura Real Estate
Owner/Admin | License ID: 201264063
Owner/Admin License ID: 201264063