3-unit investment opportunity in Montevilla is comprised of a 1926 detached house and 2005 built duplex. House features hard wood flooring, jack & jill bathroom and large unfinished basement. Duplex units are well-kept 3 bedroom / 2.5 bath with quality finishes, newer flooring, stainless appliances, gas fireplaces and fenced yards. Upside in rents presents an excellent an investment opportunity. Sellers to perform a 1031 exchange at no cost to buyer.
Last Agent to Sell the Property
Constant Commercial Real Estate Inc License #201226331 Listed on: 06/30/2021
Home Type
Est. Annual Taxes
Year Built
Lot Details
Parking
Home Design
Interior Spaces
Kitchen
Utilities
Community Details
Listing and Financial Details
$595,000
*** ASTONISHING CASH FLOW *** OVER 9% CAP RATE *** This amazing cash flow is a rare find. HURRY NOW BEFORE THIS GREAT DEAL IS GONE!!! Very convenient location for easy commute. This property has 2 duplex buildings on one tax lot. There are two 2 bed 1 bath units and two 1 bed 1 bath units plus a laundry room. This property provides a great opportunity for an owner occupant - loans available
Jason Kennedy RE/MAX Equity Group
$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
$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
$874,900
Well-located 4-plex on a large lot with ample off-street parking in the desirable Montavilla neighborhood! Fully occupied at below-market rents, this property represents a value-add investment opportunity, or a great owner-occupied investment. The three main floor units have an interior staircase to their private basement area, which features a bonus room and utility room with W/D hookup.
Jeff Stephens MORE Realty
$550,000
Great investment opportunity. Fully rented with month-to-month long term tenants. All units have 2 Bed /1 bath on one level. Contact agent for more details and showings."24 hour notice required to schedule a showing." Please do not disturb tenants.
Timothy Fowler Keller Williams Premier Partners
$848,000
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
$560,000
Charming Townhouse-Style Triplex! 15,17,19 are the unit #'s. Each spacious unit features cozy fireplaces, in-unit washer & dryer hookups, and private back patios—perfect for relaxing or entertaining. Conveniently located just minutes from the MAX station and shopping, this property offers excellent accessibility and appeal for renters or owner-occupants alike. A fantastic investment opportunity
Kevin Morris Kevin Morris Realty
$875,000
Fully rented 4-plex, each unit has 2 bedrooms, 2 baths, living area, washer and dryer hookup closet and storage room. The bottom units have a fenced backyard. Upstairs units have front and back balconies. It was built in 2005 and renovated throughout in 2014. PLEASE DO NOT DISTURB THE TENANTS. All offers to be contingent on interior inspection.
Scott Osmon All Professionals Real Estate
$839,900
Rare South Tabor 4-Plex! Don’t let the address fool you—this well-maintained, townhouse-style 4-plex is a hidden gem in the heart of South Tabor. Tucked away on a quiet flag lot, this property offers convenience with the peace and privacy of a secluded setting. Set back from the street with paved off-street parking, tenants enjoy easy access to public transportation, shopping, restaurants, and
Nikki del Giudice Farrell Realty & Property Management, Inc
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | -- | Chicago Title Company Of Or | |
| Bargain Sale Deed | -- | Chicago Title Company Of Or | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $699,900 | Chicago Title | |
| Warranty Deed | $582,300 | Old Republic Title Co | |
| Warranty Deed | $389,000 | Chicago Title Insurance Comp |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $524,925 | New Conventional | |
| Previous Owner | $378,495 | New Conventional | |
| Previous Owner | $30,000 | Credit Line Revolving | |
| Previous Owner | $262,500 | Fannie Mae Freddie Mac | |
| Previous Owner | $264,000 | Unknown |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2025 06/26/25 | Price Changed | $810,000 | -1.8% | $198 / Sq Ft |
| 05/24/2025 05/24/25 | For Sale | $825,000 | +17.9% | $201 / Sq Ft |
| 02/28/2022 02/28/22 | Sold | $699,900 | 0.0% | $171 / Sq Ft |
| 11/18/2021 11/18/21 | Off Market | $699,900 | -- | -- |
| 10/25/2021 10/25/21 | Pending | -- | -- | -- |
| 08/16/2021 08/16/21 | Price Changed | $699,900 | -2.1% | $171 / Sq Ft |
| 07/22/2021 07/22/21 | For Sale | $715,000 | 0.0% | $175 / Sq Ft |
| 07/08/2021 07/08/21 | Pending | -- | -- | -- |
| 06/30/2021 06/30/21 | For Sale | $715,000 | -- | $175 / Sq Ft |
| 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 | $10,911 | $395,950 | $0 | $0 |
| 2022 | $10,265 | $384,420 | $0 | $0 |
| 2021 | $10,091 | $373,230 | $0 | $0 |
| 2020 | $9,257 | $362,360 | $0 | $0 |
| 2019 | $8,917 | $351,810 | $0 | $0 |
| 2018 | $8,655 | $341,570 | $0 | $0 |
| 2017 | $8,295 | $331,630 | $0 | $0 |
| 2016 | $7,591 | $321,980 | $0 | $0 |
| 2015 | $7,392 | $312,610 | $0 | $0 |
| 2014 | $7,281 | $303,510 | $0 | $0 |
J
Seller's Agent in 2025
J.P. Praisler
MORE Realty
(503) 297-1033
1 in this area
26 Total Sales
Seller's Agent in 2022
Cory C
Constant Commercial Real Estate Inc
(503) 686-1896
1 in this area
54 Total Sales
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 21243137
APN: R319476
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