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Carrie Warlaumont

carriewarlaumont@epique.me +1(503) 803-3812

Listed by Rarebird Real Estate

$ 875,000

Est. payment | -/mo

2,736 SqFt

Save

$ 875,000

Est. payment | -/mo

Save

2,736 SqFt

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

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) 803-3812

carriewarlaumont@epique.me

1026 SW Greenburg Rd Fl 4, Portland, OR, 97223

2940 SE BROOKLYN ST Portland, OR 97202