Estimated payment $3,511/month
Three-Unit Investment totaling 6 beds, 3 baths, and 3,640 SqFt: A rare, income-generating opportunity: this property includes a classic duplex, a detached ADU, and is being sold along with the adjacent lot (MLS: 24148834); offering .24 acres together and excellent flexibility for investors, developers, or multi-generational living. With three rentable units, each with private entrances and access to shared outdoor space, the layout supports strong rental performance. The main home includes two units (A/B) and both have significant plumbing upgrades, including all new pex plumbing and a new water main from the meter. UNIT A features a spacious covered front porch, a generous living/dining area, a functional kitchen, and two bedrooms with shared bath access. A covered deck leads to a fully fenced backyard, creating a sense of privacy and space. UNIT B offers an upper-level retreat with vaulted ceilings, an open floorplan, and expansive windows for natural light and a balcony with territorial views. A recently updated gas furnace adds to its efficiency and comfort. UNIT C (ADU) is a 792 SqFt, well-designed two-bedroom unit with a private fenced patio and a smart floor plan. Recent system updates - including a newer roof, water main, gas wall furnace and 2023 electrical panel - boost peace of mind and reduce overhead. A shared basement includes separate laundry hookups and large storage rooms for each unit, along with new (2024) water heaters for units A/B. With multiple revenue streams and built-in flexibility, this is a practical, value-driven investment with room to grow.
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Est. Annual Taxes
Year Built
Lot Details
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Home Design
Interior Spaces
Kitchen
Flooring
Bedrooms and Bathrooms
Basement
Parking
Outdoor Features
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Listing and Financial Details
| 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 | $1,740 | $63,160 | $0 | $0 |
| 2022 | $1,638 | $61,330 | $0 | $0 |
| 2021 | $1,610 | $59,550 | $0 | $0 |
| 2020 | $1,477 | $57,820 | $0 | $0 |
| 2019 | $1,423 | $56,140 | $0 | $0 |
| 2018 | $1,381 | $54,510 | $0 | $0 |
| 2017 | $1,324 | $52,930 | $0 | $0 |
| 2016 | $1,212 | $51,390 | $0 | $0 |
| 2015 | $1,016 | $49,900 | $0 | $0 |
| 2014 | $863 | $48,450 | $0 | $0 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/08/2025 05/08/25 | Price Changed | $550,000 | -4.3% | $151 / Sq Ft |
| 04/16/2025 04/16/25 | For Sale | $575,000 | -- | $158 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $100,000 | Ticor Title | |
| Bargain Sale Deed | $91,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available |
$480,000
Very convenient area. Minutes to I-205. House is on the back of the property and quiet. 0.38 acres. Zoned R2A for multi-family. Great development opportunity. 6 bedrooms, 2.5 baths. Room to grow. Move in ready. Buyer to do their own due diligence.
Bil Willis ERA Freeman & Associates
$425,000
Welcome to 3230 SE 118th Ave., a charming bungalow nestled in the heart of a serene, tree-lined neighborhood in vibrant Portland, OR. This vintage fixer-upper is brimming with potential, offering a unique opportunity to infuse your personal touch and reap the rewards of sweat equity.As you step inside, the warmth of natural light dancing across the original hardwood floors invites you to explore
Bil Willis ERA Freeman & Associates
$519,900
Welcome to this beautifully updated home in the heart of Portland.This gem offers a lot of space, 5 bedrooms and 2 bathrooms. Everything that you can think about was remodeled and updated. This inviting home effortlessly blends classic character with modern comforts. Step inside and you will be greeted by a cozy living room and an open concept Living/dining room. Updates include new roof,
Cynthia Fneish Networth Realty Of Portland
$669,000
Move-in-ready home with the primary on the main! Featuring a fully renovated daylight basement and a long list of stylish, functional improvements inside and out. Step onto the covered front porch and take in the peaceful setting—lush landscaping, surrounding trees, and a forest view set the stage for this beautifully updated home. Inside, you're welcomed by a foyer with updated ceramic tile,
Wendy Foster Reger Homes, LLC
$579,900
Welcome to Lockwood Manor, the secluded sanctuary of screenwriter Carey W. Hayes, the co-creator behind The Conjuring. Nestled far from the chaos of Los Angeles, this historic home became Hayes' haven, a wellspring of inspiration where his chilling tales took shape. Born in Portland, he sought solace here, crafting cinematic nightmares in the tranquility of Lockwood's embrace. Discover the
Lizbeth Hale Tree City Real Estate
$599,900
Don’t miss this rare opportunity — $50,000 price reduction just announced! Submit your highest and best offers by May 20, 2025. however, seller reserves the right to accept an offer prior to the deadline.This is your chance to secure an incredible value in a prime location. Act fast — it won’t last! Experience close-in country living with this stunning NW Contemporary home on nearly half an acre!
Crystal Qian Hu eXp Realty LLC
$550,000
This home features an open floor plan with vaulted ceilings, creating an airy atmosphere. The kitchen is equipped with numerous cabinets, ample storage space, and generous countertop areas, all complemented by stainless steel appliances. It includes four bedrooms, with the primary bedroom offering an ensuite bathroom that boasts skylights and direct access to the backyard. This home has 2.5
Jordan McAllister MORE Realty
$412,900
This two-level home is located in the Centennial neighborhood, just a short stroll from Lynchwood Park. The main level boasts genuine oak hardwood floors, a remodeled gourmet kitchen with quartz countertops, custom-built cabinets, stainless steel appliances, and a sliding door open to a spacious backyard.
Lizbeth Hale Tree City Real Estate
$674,900
Stunning Argay Terrace Daylight Ranch – Mid-Century Modern Gem with view of Mt. St. Helens!Welcome to this beautifully maintained Mid-Century Modern home in the desirable Upper Argay Terrace neighborhood. This spacious daylight ranch offers 4 bedrooms, 3 bathrooms, and 2,547SF of easy relaxing living space. The living room & dining room features beautiful hardwood floors and the living room has a
Sylvia Groce RE/MAX Equity Group
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 476932414
APN: R217105
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