Estimated payment $4,067/month
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!
Listing Agent
Keller Williams Sunset Corridor Brokerage Phone: 971-273-5547 License #200412166 Listed on: 07/09/2025
| 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 | $6,298 | $263,990 | -- | -- |
| 2023 | $6,298 | $256,310 | $0 | $0 |
| 2022 | $5,710 | $248,850 | $0 | $0 |
| 2021 | $5,617 | $241,610 | $0 | $0 |
| 2020 | $5,088 | $234,580 | $0 | $0 |
| 2019 | $4,926 | $227,750 | $0 | $0 |
| 2018 | $4,775 | $221,120 | $0 | $0 |
| 2017 | $4,598 | $214,680 | $0 | $0 |
| 2016 | $4,477 | $208,430 | $0 | $0 |
| 2015 | $4,163 | $202,360 | $0 | $0 |
| 2014 | $3,639 | $196,470 | $0 | $0 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/09/2025 07/09/25 | For Sale | $650,000 | +18.2% | $230 / Sq Ft |
| 08/11/2021 08/11/21 | Sold | $550,000 | -4.3% | $195 / Sq Ft |
| 06/27/2021 06/27/21 | Pending | -- | -- | -- |
| 06/18/2021 06/18/21 | For Sale | $575,000 | -- | $204 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $550,000 | First American Title | |
| Warranty Deed | $281,000 | Ticor Title Insurance Compan | |
| Warranty Deed | $277,000 | Fidelity Natl Title Co Of Or | |
| Quit Claim Deed | -- | Fidelity Natl Title Co Of Or | |
| Warranty Deed | $221,500 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Warranty Deed | $165,250 | Chicago Title Insurance Co |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $412,500 | New Conventional | |
| Previous Owner | $283,000 | Unknown | |
| Previous Owner | $60,200 | Stand Alone Second | |
| Previous Owner | $221,600 | Purchase Money Mortgage | |
| Previous Owner | $250,750 | Purchase Money Mortgage | |
| Previous Owner | $213,581 | FHA | |
| Previous Owner | $148,700 | Purchase Money Mortgage |
$675,000
*** 7.5% CAP RATE *** EXCELLENT CASH FLOW with VALUE ADD OPPORTUNITY *** This amazing .34 acre property has three homes and possibly room for one more. All three ROOFS ARE NEW and all three have RECENT INTERIOR UPDATES. Fully rented and ready! Very convenient location close to I-205 and many amenities. Hurry now before this opportunity is gone! [Home Energy Score = 2. HES Report at
Jason Kennedy RE/MAX Equity Group
$749,950
Fully rented 2006-built townhouse-style Triplex on a low traffic flag lot in the Brentwood neighborhood. 3 Bedrooms, 1 full bath & 1 half bath per unit each with their own detached garages. Open floorplan with kitchen island on the main. Upstairs features vaulted ceilings in all rooms making it feel very spacious! Oversized and private lot with potential for more units. Each unit has their own
Brian Porter Opt
$669,000
Great investment opportunity! Each unit is 2bd/1 ba. All kitchens & bathrooms have been recently remodeled. Additional updates include, new flooring throughout, new windows, hot water heaters, interior & exterior painting, and electrical panels. Owner has also updated the decks and landscaping in the private and common areas. Off-street parking for 8 vehicles. Close to transportation and plenty
Heather Miller Keller Williams PDX Central
$765,000
Want an investment property with owner-occupied interest rates? This great 4-unit has a newly vacant apartment waiting for you to move in. Existing tenants all long-term and month-to-month; 100% occupancy for over 10 years! New roof (2023), exterior paint (2023). Lots of work on individual units (detailed list available) including updates on bathroom floors, plumbing, bathroom fixtures and
Robert Thompson Owl's Nest Realty
$810,000
Triplex with 6.44% Cap Rate. Current loan on the property is assumable at well below market rate. Great investment opportunity in Montavilla neighborhood of NE Portland. 3 addresses on 1 tax lot. Front house will roll into a month to month lease starting 6/27/2025 without a rent increase. This may open opportunities for a owner occupied unit and keep the duplex as a rental. The 3-unit property
J.P. Praisler MORE Realty
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Welcome to your next opportunity! This expansive and versatile property features 9 generously sized bedrooms and 4.1 bathrooms, making it ideal for large or extended families or multi-generational living.
Korrie Hicks KOR Realty
$700,000
Investor Alert! Single level 4 plex with single car garages and ample parking spaces. All units are 2 bed 1 full bathroom. All tenants are currently month to month. Recent updates include new windows, garage doors and new floors in two of the units. Listed at recent appraised value. All offers are subject to interior inspection. Call today and don't miss this opportunity!
Bev Blume Keller Williams Realty Portland Elite
$797,500
Don't miss out on this incredible opportunity for a prime investment property: well-maintained 4-Plex that promises consistent cash flow. Each unit boasts spacious townhouse style 2-bedroom layouts with w/d hookups, attached storage, shared yard, and assigned parking -- ideal for attracting quality tenants and maximizing rental income. Currently owner-managed, this property features newer
Vanessa Calvert Cascade Hasson Sotheby's International Realty
$629,000
This newer St John's duplex was built in 2004. Each unit has 2 baths, 4 bedrooms up and a large 16'x23' master suite on the main floor. Great opportunity for owner occupied, multiple roommates or investment. Centrally located: 10min from University of Portland and Heron Lakes golf, 15min to trendy NW 23rd and 5 min to dog park or Forest Park trail head. New roof in 2024. New Radon system in
Julie Galaski Julie Galaski Realty
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 390564305
APN: R220710
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