$1,595,000

17941 SE Main St Portland, OR 97233

Rockwood Neighborhood

Estimated payment $9,205/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 2 Car Detached Garage
  • Lap Siding
  • 1-Story Property
  • Storage
  • No Heating
  • 2-minute walk to Rockwood Central Park

About This Home

Rare Multi-Family Portfolio Opportunity – Seller Carry Terms Available!This professionally managed, fully rented portfolio consists of three income-producing properties:1210 SE 179th Ave (MLS# 767340896) – $2,495/mo1214 SE 179th Ave (MLS# 206884563) – $1,895/mo17941 SE Main St (MLS# 546685047) – $1,875/moCombined gross monthly rent: $6,265. Offered together under MLS# 631555811 for $1,595,000. Seller carry financing available with terms designed to be covered by the existing rental income—perfect for investors seeking immediate cash flow with upside potential. All three properties are located on the same block and offer stable tenancies with tenants paying RUBS for utilities.One note will secure all properties; Main Street property includes redevelopment potential if structure is removed. Excellent investment for those looking to hold and cash flow or reposition long-term.All data—including financials, zoning, and rental agreements—to be verified by the buyer. Shown by appointment only. Please do not disturb tenants.

Listing Agent

Nicole Richards

eXp Realty, LLC Brokerage Phone: 503-886-9156 License #930200328

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,344

Year Built

  • Built in 1949

Parking

  • 2 Car Detached Garage

Home Design

  • Composition Roof
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Storage
  • Finished Basement

Schools

  • Alder Elementary School
  • H.B. Lee Middle School
  • Reynolds High School

Utilities

  • No Cooling
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number R258584

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $16,828
  • Gross Income $75,180
  • Net Operating Income $58,352

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,344

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1949
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished
  • Storage: Attached
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 20,000 SqFt to .99 Acres
  • Foundation Details: ConcretePerimeter
  • View: No
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Detached, Garage
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Other
  • Hot Water: Other
  • Security: Unknown
  • Cooling: Other
  • Cooling Y N: No
  • Heating: Other
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Alder
  • High School: Reynolds
  • Middle Or Junior School: H.B. Lee

Lot Info

  • Zoning: LDR-5
  • Parcel #: R258584
  • Assessor Parcel Number 2: R263653
  • Assessor Parcel Number 3: R258597

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 4344.08

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 21.22
  • Annual Gross Income: 75180.0
  • Property Net Operating Income: 58352.0
  • Annual Operating Expense: 16828.0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2023 $3,931 $225,530 $0 $0
2022 $3,834 $218,970 $0 $0
2021 $3,739 $212,600 $0 $0
2020 $3,498 $206,410 $0 $0
2019 $3,353 $200,400 $0 $0
2018 $3,320 $194,570 $0 $0
2017 $3,212 $188,910 $0 $0
2016 $3,073 $183,410 $0 $0
2015 $2,984 $178,070 $0 $0
2014 $2,883 $172,890 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2025 05/06/25 For Sale $1,595,000 +145.4% --
05/06/2025 05/06/25 For Sale $650,000 -- $645 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 631555811

Regional Multiple Listing Service (RMLS)

APN: R258584

Oregon Multnomah County Portland 97233 Rockwood

17941 SE Main St, Portland, OR

Homes for Sale in Portland, OR

This home is located at 17941 SE Main St, Portland, OR 97233 and is currently priced at $1,595,000. This property was built in 1949. 17941 SE Main St is a home located in Multnomah County with nearby schools including Alder Elementary School, Hauton B Lee Middle School, and Reynolds High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) 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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Nicole Richards
Listing Agent
Nicole Richards
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eXp Realty, LLC
(971) 257-9909