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MORE Realty

info@morerealty.com +1(877) 344-6673

Listed by Soldera Properties, Inc

$ 759,000

Est. payment | -/mo

2,054 SqFt

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$ 759,000

Est. payment | -/mo

Save Virtual Tour

2,054 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 2,054 sqft

Price per Sqft $369

Subdivision Westmoreland/Sellwood

MLS Listing ID 24229575

Year Built 1903

Annual Tax Amount $9,173

Tax Year 2023

Lot Size 6,969 Sqft

Property Description

Now is your opportunity to own an income producing triplex in the heart of Sellwood. Occupant of 18 years just moved out, giving you the chance to update to your liking and find your own renters. The main floor 2-bedroom features high ceilings and vintage details with a fantastic floorplan, an expansive front porch, quaint back porch off the kitchen for access to the spacious, fenced backyard and a slider off the bedroom to a private deck. Ultra-livable 1-bedroom upstairs units are light and bright, with open kitchens, ample storage and a picturesque, covered balcony for relaxing outdoors. Tall crawlspace for storage or future development. The exterior is well maintained, with cedar wood siding, some fresh paint and a newer roof. All units have double-pane vinyl windows, updated plumbing & electrical and washers/dryers. This beautiful gem draws quality long-term tenants, provides great rental income and has almost zero vacancy, plus could be an excellent owner-occupied investment. Large lot with natural landscaping provides enjoyment for nature lovers and the friendly neighborhood vibe makes this rental feel like home. You won’t find a better spot to own investment property. Just a short distance from everything Westmoreland/Sellwood has to offer, from coffee shops, restaurants, a theater, bike shops, vintage stores, gift shops and yoga studios to nearby access to the Willamette River & Oaks Bottom Wildlife Refuge. Just a short hop to OHSU and minutes from downtown Portland, Milwaukie, or Lake Oswego. The R5 zoning should allow for more units (buyer to do their own due diligence regarding density/city codes). Price just reduced, don't miss this incredible value. Please respect the tenants privacy, do not walk the property without an appointment or disturb them. Thank you.

Location

State OR

County Multnomah

Community Alllandscaping

Area _143

Zoning R5

Rooms

Basement Crawl Space

Interior

Heating Forced Air, Wall Heater

Exterior

Community Features AllLandscaping

Roof Type Composition

Parking Type On Street

Garage No

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter, Other

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Llewellyn

Middle Schools Sellwood

High Schools Cleveland

Others

Acceptable Financing Cash, Conventional, FHA, Other, VALoan

Listing Terms Cash, Conventional, FHA, Other, VALoan

Regional Multiple Listing Service (RMLS)

+1(877) 344-6673

info@morerealty.com

16037 SW Upper Boones Ferry Rd Suite 150, Tigard, OR, 97224

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1542 SE MALDEN ST Portland, OR 97202