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

$ 600,000

Est. payment | -/mo

4,371 SqFt

Save

$ 600,000

Est. payment | -/mo

Save

4,371 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,371 sqft

Price per Sqft $137

Subdivision Beaumont - Wilshire

MLS Listing ID 586637231

HOA Y/N No

Year Built 1973

Annual Tax Amount $11,068

Tax Year 2025

Lot Size 7,405 Sqft

Property Description

Classic 1973 garden-style triplex on a 7,500 SF corner lot in Portland's Central Northeast submarket, fully leased, professionally managed, and operating at stabilized occupancy. Three large 2-bed/2-bath units average about 1,457 SF and function more like townhomes, with in-unit laundry, dishwashers, full appliance packages, and private patios/balconies, offering above-average unit size versus typical competing stock. Six on-site parking spaces (three attached garages plus three paved surface stalls), level topography, and average, easy-to-maintain landscaping support long-term operating efficiency.For investors, the asset is 100% occupied with stable tenancy, clean rent rolls, and professionally prepared financials in a Central Northeast submarket where occupancy and rent growth have shown consistent long-term performance and vacancy is concluded at just 3% in the appraisal's underwriting. The triplex is zoned R5 with legal, conforming multifamily use and is appraised at a Market Value As Is of $600,000 ($200,000 per unit), supported by both income capitalization and sales comparison approaches, providing a clear basis for pricing and financing. Proximity to I-84, TriMet, and established retail and employment nodes helps sustain renter demand and supports durable cash flow and long-term value appreciation.

Location

State OR

County Multnomah

Area _142

Zoning R5

Rooms

Basement Crawl Space

Interior

Heating Wall Heater

Cooling None

Exterior

Garage Spaces 3.0

View Territorial

Roof Type Shingle

Garage No

Building

Lot Description Level

Story 2

Foundation Slab

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Alameda

Middle Schools Beaumont

High Schools Grant

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

4110 NE 42ND AVE Portland, OR 97218