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Listed by MORE Realty • 503-869-7303
$ 624,900
Est. payment | /mo
2,000 SqFt
$ 624,900
Est. payment | /mo
2,000 SqFt
Open House
Sun May 31, 1:00pm - 3:00pm
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $312
Subdivision Mt Scott - Arleta
MLS Listing ID 164111181
Year Built 1952
Annual Tax Amount $6,052
Tax Year 2025
Lot Size 5,227 Sqft
Property Description
Unlock the ideal blend of homeownership and wealth-building with this lovingly maintained single-level triplex, perfectly positioned on a corner lot just moments from the newly renovated Mt. Scott Community Center. This is a rare opportunity to live in the spacious vacant 2-bedroom, 1-bath unit while the two leased 1-bedroom, 1-bath units generate steady market-rate income—helping offset your mortgage while you build long-term equity. The owner's unit is designed for comfort and convenience, featuring interior access to the attached laundry room (no need to step outside), a private patio, and dedicated off-street parking, making it feel like a true standalone home. Meanwhile, tenants enjoy well-kept units and access to brand new coin-operated laundry machines, providing additional passive income. With major upgrades already completed—including a brand new roof, new exterior paint, and a new sewer line—this property offers peace of mind and minimal deferred maintenance. Whether you're looking to break into real estate investing or expand your portfolio while enjoying the benefits of homeownership, this is an exceptional “live-in-one, rent-the-rest” opportunity that checks all the boxes. The units are very energy efficient, with vinyl windows and high Home Energy Scores!
Location
State OR
County Multnomah
Area _143
Zoning RM1
Rooms
Basement Crawl Space, None
Interior
Heating Wall Furnace
Exterior
Roof Type Composition
Garage No
Building
Lot Description Level
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Marysville
Middle Schools Kellogg
High Schools Franklin
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
Nearby Locations