1700 NE 231st Ct Unit 1704 Wood Village, OR 97060
Estimated payment $5,206/month
Highlights
- No HOA
- Paneling
- Forced Air Heating System
- Cul-De-Sac
- Storage
- Lap Siding
About This Home
Portland Area Investors!! This triplex has great cash flow, pencils out to a 6.38% cap rate, and isn't impacted by City of Portland rental laws! Current monthly rents total $5524 and all three units are fully rented. This Wood Village triplex is in an excellent location and has been exceptionally well cared for. The large .25-acre lot is on a quiet cul-de-sac with quick access to I-84, bus lines, public parks, dining, retail and outlet shopping. Recent investment of approximately $25K in improvements. The units have all benefited from interior updates intended to keep maintenance costs low. Each one level unit has a washer/dryer hookup, a fully fenced yard, and a covered patio. Two units have new storage sheds for renters' use. The numerous updates you'll find inside and out include new exterior paint in 2021, vinyl windows, LVP flooring, and even granite countertops & stainless-steel kitchen appliances in one unit. There are also 7 off-street parking spaces. This is a unique opportunity to obtain a high-quality investment property that has been in the same ownership for over 40 years. Seller will consider Buyer credit to assist with interest rate buydown! Please write offer subject to full inspection. Do not walk property or disturb renters.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,057
Year Built
- Built in 1980 | Remodeled
Lot Details
- 0.25 Acre Lot
- Cul-De-Sac
Home Design
- Composition Roof
- Lap Siding
- Plywood Siding Panel T1-11
- Concrete Perimeter Foundation
Interior Spaces
- 2,716 Sq Ft Home
- 1-Story Property
- Paneling
- Storage
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Parking
- 7 Parking Spaces
- Paved Parking
- Assigned Parking
Schools
- Salish Ponds Elementary School
- Reynolds Middle School
- Reynolds High School
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number R140013
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $11,360
- Gross Income $67,488
- Net Operating Income $56,128
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,057 | $299,880 | -- | -- |
| 2023 | $5,057 | $291,150 | $0 | $0 |
| 2022 | $4,812 | $282,670 | $0 | $0 |
| 2021 | $4,693 | $274,440 | $0 | $0 |
| 2020 | $4,386 | $266,450 | $0 | $0 |
| 2019 | $4,203 | $258,690 | $0 | $0 |
| 2018 | $4,163 | $251,160 | $0 | $0 |
| 2017 | $4,028 | $243,850 | $0 | $0 |
| 2016 | $3,851 | $236,750 | $0 | $0 |
| 2015 | $3,740 | $229,860 | $0 | $0 |
| 2014 | $3,613 | $223,170 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/11/2025 07/11/25 | Price Changed | $879,900 | -1.1% | $324 / Sq Ft |
| 06/17/2025 06/17/25 | Price Changed | $889,900 | -0.9% | $328 / Sq Ft |
| 04/16/2025 04/16/25 | For Sale | $898,000 | -- | $331 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Pacific Nw Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $330,000 | New Conventional | |
| Closed | $129,500 | New Conventional | |
| Closed | $140,000 | Purchase Money Mortgage |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 169064549
APN: R140013
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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