REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

The Broker Network, LLC

info@tbnrealty.com +1(503) 465-5077

Listed by ELEETE Real Estate

$ 400,000

Est. payment | -/mo

2,596 SqFt

Save

$ 400,000

Est. payment | -/mo

Save

2,596 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,596 sqft

Price per Sqft $154

Subdivision Sullivan'S Gulch

MLS Listing ID 369599158

HOA Y/N No

Year Built 1980

Annual Tax Amount $6,773

Tax Year 2025

Lot Size 3,920 Sqft

Property Description

Charming NE Portland duplex in the heart of the Multnomah/Lloyd District, offering both steady cash flow and an easy place to call home. Two spacious 3-bed/2-bath townhome-style units (approx. 1,200 sq. ft. each) feature in-unit washer/dryer, dishwasher, full kitchens, and functional layouts that live like single-family homes. Six off-street paved parking spaces and a level 3,924 sq. ft. R2.5 lot provide rare convenience and future flexibility in a close-in location.Investors will appreciate the 100% occupancy, stable tenant base, and “as-is” leased fee valuation of $400,000, supported by professional appraisal, in a submarket with strong incomes and ongoing demand for multifamily housing. With no known deferred major capital items and average overall condition, this is a straightforward hold with room to push rents over time.Owner-occupants and house-hackers can live in one 3-bedroom unit and offset expenses with rent from the other, all while enjoying quick access to I-84, TriMet, Lloyd Center, Fred Meyer, Providence Medical Center, and downtown Portland. The walkable, amenity-rich neighborhood, city utilities, and legal conforming zoning that allows duplex, triplex, fourplex, and multi-dwelling structures make this a rare opportunity to own versatile housing in a prime close-in location.

Location

State OR

County Multnomah

Area _142

Zoning R2.5

Rooms

Basement Crawl Space

Interior

Heating Baseboard

Cooling Window Unit

Exterior

View Territorial

Roof Type Composition,Shingle

Garage No

Building

Lot Description Level

Story 2

Foundation Slab

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Irvington

Middle Schools Harriet Tubman

High Schools Jefferson

Others

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Regional Multiple Listing Service (RMLS)

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 465-5077

info@tbnrealty.com

320 N Main Ave #213, Gresham, Oregon 97030, USA

2522 NE MULTNOMAH ST Portland, OR 97232