Bought with MORE Realty
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Key Details
Sold Price $555,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,824 sqft
Price per Sqft $196
MLS Listing ID 390564305
Sold Date 10/28/25
Year Built 1942
Annual Tax Amount $6,297
Tax Year 2024
Lot Size 5,227 Sqft
Property Description
Fantastic investment opportunity in SE Portland! This updated fourplex features three 2BD/1BA units and one spacious 3BD/2BA unit with vaulted ceilings and in-unit laundry—perfect for an owner-occupant or premium rental. One unit is currently vacant, offering immediate upside. Recent capital improvements include new mini-split systems in all units and fresh exterior paint. Shared laundry for the 2BD units, off-street parking, and solid layouts make this a turn-key property. Located in the Lents neighborhood with easy I-205 access and nearby retail, the area is experiencing steady growth and revitalization. Tenants pay electricity; landlord covers water/sewer/trash—RUBS potential for expense recovery. A great opportunity for new or growing investors!
Location
State OR
County Multnomah
Community Laundry
Area _143
Zoning R7
Rooms
Basement Crawl Space
Interior
Heating Wall Heater
Cooling Mini Split
Exterior
Community Features Laundry
Roof Type Composition
Garage No
Building
Lot Description Flood Zone, Level
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Earl Boyles
Middle Schools Ron Russell
High Schools David Douglas
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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