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Listed by Windermere Realty Trust • 503-888-5191
$ 599,900
Est. payment | /mo
3,503 SqFt
$ 599,900
Est. payment | /mo
3,503 SqFt
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 3,503 sqft
Price per Sqft $171
Subdivision Centennial
MLS Listing ID 785509330
Year Built 1947
Annual Tax Amount $9,789
Tax Year 2025
Lot Size 0.480 Acres
Property Description
Fantastic tri-plex opportunity with exceptional flexibility and income potential! Situated in the Centennial neighborhood on a rare, dividable 0.48-acre lot zoned RM1, this property offers a unique blend of current cash flow and future development possibilities. Each of the three units features 2 bedrooms and 1 bathroom, with updates completed to varying degrees. Units are equipped with central air conditioning, in-unit washers and dryers, electric or gas ranges, and free-standing refrigerators for tenant convenience. Unit 505 showcases wood flooring, black appliances, a cozy fireplace with brick surround, and a stackable washer and dryer. Unit 511 offers distinctive Spanish tile in the kitchen, stainless steel appliances, gas cooking, a carpeted living room with a woodstove, a full-size washer and dryer, and a relaxing soaking tub. Unit 513, located on the lower level, features laminate wood flooring, white appliances, a built-in microwave, and a soaking tub. Residents enjoy access to shared outdoor spaces complete with a covered back patio, raised garden beds, and an inviting outdoor fireplace. The expansive, level backyard provides ample room for gardening, recreation, or future expansion. Additional highlights include two rentable garages for added income and driveway parking for at least six vehicles. Whether you're looking to subdivide and build, maintain as an income-producing property, or create a multi-generational living compound, this property offers endless possibilities in a prime location.
Location
State OR
County Multnomah
Community Alllandscaping, Centralair, Commons
Area _143
Zoning RM1
Interior
Heating Forced Air
Cooling Central Air
Exterior
Garage Spaces 2.0
Community Features AllLandscaping, CentralAir, Commons
Roof Type Composition
Garage No
Building
Lot Description Level
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Parklane
Middle Schools Oliver
High Schools Centennial
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
