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Jesse Richter

jesse@jesserichter.com +1(503) 310-7012

Listed by MORE Realty • 503-869-7303

$649,900

Est. payment - /mo

6 Beds

3 Baths

3,381 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,381 sqft

Price per Sqft $192

Subdivision Rockwood

MLS Listing ID 171257531

Bedrooms 6

Year Built 1977

Annual Tax Amount $7,449

Tax Year 2025

Lot Size 0.270 Acres

Property Description

Turnkey triplex offering an exceptional opportunity to add a well-maintained, income-producing property to your rental portfolio—without the significant work or deferred maintenance often associated with multifamily investments. Each of the three spacious units lives more like a townhome than a traditional apartment, thanks to the appealing split-level design with the living room and kitchen upstairs and bedrooms and bathroom downstairs. The layout creates excellent separation between living and sleeping spaces while giving each unit a comfortable, house-like feel. Each unit also has its own private deck, garage, and additional off-street parking, while the large lot and quiet grassy backyard provide plenty of outdoor space. The property has been carefully maintained and updated, including newer exterior paint and updated flooring and carpet in many areas. All three units are occupied by clean, established tenants, providing immediate rental income and a smooth transition for the next owner. Unit 205 was previously an owner's unit and features additional upgrades including a mini-split HVAC system with air conditioning, stainless steel appliances, a wonderfully remodeled bathroom and upgraded flooring. Large bay windows bring abundant natural light into the spacious living areas. Located on a nice block near Burnside Avenue and MAX light rail access, the property combines convenience with a quiet residential setting. With no significant work needed, strong existing tenancy, individual garages, spacious townhome-style floor plans, and potential for future rent increases, this is a rare opportunity to acquire a truly turnkey triplex that is ready to perform from day one.

Location

State OR

County Multnomah

Area _143

Zoning MDR24

Rooms

Basement Daylight

Interior

Heating Baseboard, Mini Split

Cooling Mini Split

Exterior

Garage Spaces 3.0

Roof Type Composition

Garage No

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Alder

Middle Schools Centennial

High Schools Reynolds

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

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Regional Multiple Listing Service (RMLS)

Nearby Locations

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Jesse Richter

REALTOR® | Knipe Realty ERA Powered Lic# 201246341

jesse@jesserichter.com

+1(503) 310-7012

7440 SW Hermoso Way, Portland, OR 97223

201 SE 176TH PL Portland, OR 97233

Jesse Richter

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

201 SE 176TH PL