Estimated payment $8,007/month
Fantastic 5-Plex Investment Opportunity in the Heart of NE Portland. Located on a prominent corner lot at the intersection of Sullivan’s Gulch and Grant Park, this versatile 5-plex offers an exceptional opportunity for investors or owner-occupants. The property features a mix of 1-, 2-, and 3-bedroom units, 4 units currently rented under market value—providing significant upside potential. Each spacious unit includes large bedroom(s), generous living areas, in-unit washer and dryer. Brand NEW roof ensures peace of mind and long-term value. Come with detached 3-bay garage with development potential or additional income opportunities. Unit 102 is currently vacant and available for showings. Please do not disturb other tenants.
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Est. Annual Taxes
Year Built
Lot Details
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Home Design
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Schools
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Listing and Financial Details
Overview
Building Details
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2025 05/23/25 | For Sale | $1,190,000 | +13.3% | $220 / Sq Ft |
| 03/31/2023 03/31/23 | Sold | $1,050,000 | -22.2% | $194 / Sq Ft |
| 02/22/2023 02/22/23 | Pending | -- | -- | -- |
| 01/19/2023 01/19/23 | Price Changed | $1,350,000 | -10.0% | $249 / Sq Ft |
| 12/02/2022 12/02/22 | For Sale | $1,500,000 | -- | $277 / Sq Ft |
$1,095,000
LOCATION could not be sweeter on for this 5-plex just 1 block from Grand Central Bakery and all of the delights of Hawthorne St. Uniquely situation on the corner of Madison and SE 23rd, this 5 unit complex has 5 distinct layouts including 1 2/1 Unit and 4 1/1 Units: the "penthouse" spanning the entire upstairs and includes a den. This home has been beautifully maintained and includes gas stoves
Merilee Lloyd Mal & Seitz
$1,400,000
Check out the location! Two triplexes side by side on two separate tax lots being sold together. Great close-in location with walkability drives consistent interest. Great income with historically longterm tenants. Low rents on most units offers great potential for increase income and upside. Both off street and on street parking. Some recent updates in the kitchen with newer appliances.
Chris Suarez Keller Williams Sunset Corridor
$1,275,000
The Painted Lady Victorian home is rich in history and beautifully maintained. Currently is being used as a nightly rental, has been a month-to-month rental. 3 living spaces, main house, ADU in basement with full kitchen and outside entrance and the Studio/cottage in back. Parking on driveway and on the street. Quiet location. This property would be a great family home, multi-generational
Gina Bany Better Homes & Gardens Realty
$1,299,000
Great Owner Occupied investment! Updated tri-plex in the highly desirable Kerns/Laurelhurst neighborhood! Blocks from Whole Foods, Laurelhurst Park, and great dining give this property a Walk & Bike score of 97! Each unit has quartz counters, vinyl flooring and features an in-unit washer and dryer, fully updated kitchens with stainless steel appliances, which include dishwasher, refrigerator,
Matt Mahaffy Windermere Realty Trust
$1,370,000
Unique income property in bustling central location! Close proximity to Trader Joe's, freeway access, and local businesses! Main unit features excellent amenities such as jetted tub, fireplace, sunroom, private side yard and large 2 car climate controlled garage! Previously rented at $2100/mo. Leases are m2m, w excellent rental history. Many recent capital improvements including 2 new roofs,
Adriana Focke Check Point Realty
$1,100,000
5 Plex with CITY VIEWS and close to PSU campus. Zoning is RM4 which accommodates a high density, multi-dwelling build up to 30 units in a fabulous, central city location. As an investment, this 1912 build has a consistent rental history with a blend of studio, 1,2 and 3 bedroom units. Both Roof and Boiler are newer. Main floor units have hardwood floors, period built-ins, large front porch and
Douglas Landers John L. Scott Portland Central
$1,283,000
This five-unit beauty has legs! Terrific Foster/Powell location ideal for renters. Four two-story units and one single level unit. Townhouse style two-story units have been professionally remodeled. Kitchens feature granite counter tops, new cabinets and new appliances. Living room floors are either engineered wood or oak. New carpet on the upper levels. Bathrooms with subway tile and new
Lisa Long High Five Properties
$950,000
So many possibilities with this property. Currently has 1431sq ft office/retail space at street level located in first building along with 2 rented apartment units above. Property also offers roughly 1000 sq ft of basement space. 2nd building has 2 rented apartment units with a small basement. Property is a fixer and being sold as-is. Development opportunity with this property as well, tear down
Connie Brockway Elite Realty & Associates LLC
$1,068,900
CASH FLOWING INVESTMENT. Turnkey 4-Unit Investment Opportunity – Cash Flow from Day One!Calling all investors! This fully occupied, income-producing property features a triplex + a standalone SFH all on one tax lot — a rare find in today’s market. Run the numbers:Estimated monthly mortgage: $6,838 (based on 20% down, 7% interest, 30-year fixed).That’s positive cash flow from day one, with room
Risa Davis eXp Realty, LLC
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 171281869
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