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Carrie Warlaumont

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

Listed by eXp Realty, LLC • 503-389-0821

$ 750,000

Est. payment | -/mo

3,100 SqFt

Save

$ 750,000

Est. payment | -/mo

Save

3,100 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,100 sqft

Price per Sqft $241

MLS Listing ID 493418825

Year Built 1911

Annual Tax Amount $5,181

Tax Year 2025

Lot Size 10,890 Sqft

Property Description

One Smart Investment. Endless Possibilities. Welcome to this rare Portland Commercial Zoned 4-plex offering immediate income-producing potential and exceptional flexibility for investors and owner-occupants alike. Live in one unit and let the other three help offset your mortgage, or add this versatile multi-unit property to your rental portfolio. This also has the ability to make it a five-plex - "buyer to do due diligence". The property features an attractive mix of two 2-bedroom units, one 4-bedroom unit, and one studio, each with one full bathroom and its own kitchen with appliances. The units offer a variety of layouts and finishes, with features including updated cabinetry, tiled baths, wood-look and tile flooring, and hardie plank siding. The roof is only a year old! A classic covered front porch adds character, while off-street parking, a fenced outdoor area, mature landscaping, and a detached storage shed add everyday functionality. There are washer and dryer hookups located in the downstairs utility room accessed externally. Location is a major advantage for tenants as well: the property is on a bus line, with the MAX light rail approximately six blocks away, making commuting around the Portland metro convenient. Everyday shopping and groceries are close at hand, while nearby parks provide neighborhood recreation. For a bigger outdoor escape, Powell Butte Nature Park offers miles of trails and sweeping views, and Glendoveer Golf & Tennis is another popular East Portland destination. Whether you're looking to house-hack, expand your rental portfolio, or create a multigenerational living setup, this property delivers the unit mix, transit access, and income potential that are increasingly hard to find. Four units, multiple income streams, and one opportunity you won't want to miss. *There are two outbuildings that could possibly be rented out as well - "buyer to do due diligence"

Location

State OR

County Multnomah

Area _143

Zoning CMU

Rooms

Basement Separate Living Quarters Apartment Aux Living Unit, Unfinished

Interior

Heating Other, Wall Heater

Exterior

Roof Type Composition

Garage No

Building

Lot Description Level, On Busline

Story 2

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Alder

Middle Schools Reynolds

High Schools Reynolds

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

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

16816 SE STARK ST Portland, OR 97233