Estimated payment $6,662/month
Duplex and house. Assumable 3.1% loan. CAP rate of 5.25. City of Portland approved building plans for a total of 7 units, currently there are 3 units. See attached plans. incredible growth potential for investors. One duplex plus one house on same tax lot. Buyer to conduct their own due diligence. Discover this beautifully maintained investment property featuring a modern 2020 duplex (1128 & 1210 sq ft) and a 1912 home in excellent condition (900 sq ft). The duplex is a quality build by contractor-owner, is set back off the street, offering open and airy living spaces. Each unit features a bright modern kitchen with stainless appliances, LVP flooring, a stylish half bath and extra storage under the stairs. A dining room with a slider opens to a private, enclosed patio. The upper level has two bedrooms, full bath with shower and washer and dryer. The charming 1912 home has been well maintained, two bedrooms, one bath and a spacious living room with hardwood floors. Dining room, galley kitchen with a new sink and countertops & newer appliances. A spacious laundry room with w/d hookup, laundry sink and second entry. Recent updates include a new furnace in 2015 and new roof in 2019. The fenced yard is maintained by the tenant. Off-street, assigned parking for each unit Tenants pay all utilities except garbage. All three units are occupied and professionally managed. Prime location with easy access to I-205, public transportation, shopping, schools and parks. Don’t miss this rare opportunity to own a high-quality investment property with built-in potential for future development.No sign on property, please do not disturb tenants or enter property without agent. Motivated seller.
Home Type
Est. Annual Taxes
Year Built
Lot Details
Home Design
Interior Spaces
Bedrooms and Bathrooms
Parking
Schools
Utilities
Listing and Financial Details
Overview
Building 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 | $7,502 | $283,120 | $0 | $0 |
| 2022 | $7,340 | $274,880 | $0 | $0 |
| 2021 | $7,216 | $266,883 | $0 | $0 |
| 2020 | $4,226 | $165,406 | $0 | $0 |
| 2019 | $2,697 | $106,410 | $0 | $0 |
| 2018 | $2,618 | $103,320 | $0 | $0 |
| 2017 | $2,509 | $100,320 | $0 | $0 |
| 2016 | $2,296 | $97,400 | $0 | $0 |
| 2015 | $2,236 | $94,570 | $0 | $0 |
| 2014 | $2,203 | $91,820 | $0 | $0 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/22/2025 05/22/25 | Price Changed | $1,074,000 | -2.3% | $332 / Sq Ft |
| 04/12/2025 04/12/25 | Price Changed | $1,099,000 | -1.0% | $339 / Sq Ft |
| 03/16/2025 03/16/25 | Price Changed | $1,110,000 | -7.5% | $343 / Sq Ft |
| 03/06/2025 03/06/25 | For Sale | $1,200,000 | -- | $371 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $130,000 | Chicago Title Company Of Or | |
| Warranty Deed | $86,987 | Chicago Title Company Oregon | |
| Special Warranty Deed | $185,000 | First American Title Insuran | |
| Contract Of Sale | $150,000 | First American Title Insuran | |
| Personal Reps Deed | $185,000 | First American | |
| Bargain Sale Deed | -- | First American | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $442,500 | Construction | |
| Closed | $133,000 | New Conventional | |
| Previous Owner | $80,000 | Seller Take Back | |
| Previous Owner | $20,000 | Unknown |
$779,900
Built as a Tri-Plex in 1973, New roof and New exterior paint. Located in Rose City Park, a block from the MAX and on a bus line, this convenient location has ready access to Mt Tabor, parks, dining, shopping and the airport. Includes 4 off street parking spots with possibility to expand to 8 spots with tandem parking. Lots to love about this Fully Rented Tri-Plex!
Israel Hill John L. Scott Portland Central
$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
$1,150,000
Grand Victorian 3-Plex with stunning Owner's Unit, in Portland's Nob Hill/Alphabet District. Rare opportunity to own an exquisite Victorian, blending classic elegance with modern comforts. Projected rents if medium term furnished, more than $8000. Spacious, 1850+ square foot owner's unit that exudes charm & character & showcases beautiful Victorian architecture. Large bay windows fill the space
Laurie Sonnenfeld Laurie Sonnenfeld Realty
$949,999
Wow 3 detached homes on a 9487 sq ft lot (same tax lot)! Check out what this property has to offer. Newer roof on 3 Homes. Two of the homes are 3 bedrooms, 1.5 bathroom offering spacious family room with open concept kitchen. One home (8413) is a three level home with 2 bedrooms, a full bathroom, and a finished basement with 2 bonus rooms. Secured parking space. Convenient location with public
Jin Zhao Kelly Right Real Estate of Portland, LLC
$765,000
Both units are Mirrored floor plans. Very well maintained.Great Duplex that lives like two homes. Each unit is 1473 Sqft. Perfect for an owner occupied situation. Or rent them both out. Investors come see! Main Level "Open concept" kitchen, living and dining rooms. Sleek white cabinets and quartz countertops. Contemporary feel. Primary ensuite is spacious and has walk-in closets. 2 additional
Daniel Fischer NextHome Realty Connection
$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
$879,500
Multigenerational living or rental income. House with 2 ADU's. Major Partial new construction main house 2017. New 200 amp service panel. New construction garage conversion 2018.Seperate 100 amp service with separate billing. Newer detached ADU completed in Nov 2021. Tenant pays water/sewer and electric in ADU. DND tenants in cottage or ADU. Main house vacant with lxbx. agent related to seller.
walter pozarycki Pozitive Properties NW
$875,000
Amazing opportunity for owner occupant or investor in close-in SE Portland! Pretty-in-pink vintage fourplex has three units with long term tenants. Spacious 2 bedroom unit on the ground floor is vacant, recently refreshed and ready for you! Enjoy restored hardwood floors, wood burning fireplace and lots of charming built-ins. Centered in the vibrant Foster-Powell neighborhood, close to world
Chelsea McAlister Urban Nest Realty
$750,000
Fantastic opportunity to own three homes on one tax lot. The property includes two low-maintenance homes, both built in 2006, and one original 2-bed/1.5-bath home built in 1953. The two newer homes are 4-bed/2-bath units. Interior inspections available with an accepted offer. Addresses: 203 SE 129th Ave, 211 SE 129th Ave, 219 SE 129th Ave.
Jim McCartan Cascade Hasson Sotheby's International Realty
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 742021713
APN: R125343
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