$898000
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7 Bed
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4 Bath
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2716 SqFt
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50 DOM
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Built: 1980
- Status: Active
Love this home?
Mohanraj Rajendran
Real Estate Agent
(503) 336-1515Portland Area Investors!! This property has great cash flow, pencils out to a 6.12% cap rate, and isn't impacted by City of Portland rental laws! Current monthly rents total $5524 and all three units are fully rented. This Wood Village triplex is in an excellent location and has been exceptionally well cared for. The large .25-acre lot is on a quiet cul-de-sac with quick access to I-84, bus lines, public parks, dining, retail and outlet shopping. Recent investment of approximately $25K in improvements. The units have all benefited from interior updates intended to keep maintenance costs low. Each one level unit has a washer/dryer hookup, a fully fenced yard, and a covered patio. Two units have new storage sheds for renters' use. The numerous updates you'll find inside and out include new exterior paint in 2021, vinyl windows, LVP flooring, and even granite countertops & stainless-steel kitchen appliances in one unit. There are also 7 off-street parking spaces. This is a unique opportunity to obtain a high-quality investment property that has been in the same ownership for over 40 years! Please write offer subject to inspection, and do not walk property or disturb renters.
Listing Provided Courtesy of Cindy Smith, RE/MAX Equity Group
General Information
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169064549
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50 DOM
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7
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0.25 acres
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4
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2716
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1980
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MR2
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Multnomah
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R140013
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Salish Ponds
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Reynolds
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Reynolds
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MultiFamily
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COREANDER, LOT 15
Listing Provided Courtesy of Cindy Smith, RE/MAX Equity Group
Mohan Realty Group data last checked: Jun 07, 2025 04:18 | Listing last modified Jun 05, 2025 11:09,
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