$250000
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5 Bed
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5 Bath
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2309 SqFt
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1 DOM
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Built: 1943
- Status: Active
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Mohanraj Rajendran
Real Estate Agent
(503) 336-1515Once-in-a-lifetime investment opportunity! This 5-plex features five charming units, perfectly situated on "Pill Hill." Conveniently located near Oregon Health Sciences University (OHSU). Comprising four cozy studios and one inviting one-bedroom, this property presents a fantastic opportunity for value-add improvements. With current rents below market, there's a bright potential for increased income in this highly desirable area, known for its strong demand from OHSU employees and students. All units are conveniently located on the ground floor, with a basement providing space for laundry and water heaters. Each unit is separately metered for electricity and natural gas, with tenants responsible for their utilities. The driveway offers easy access and parking for one vehicle or multiple motorcycles, and it could be transformed into additional storage or amenity space, boosting rental appeal and overall value. Property is zoned RM3, creating an opportunity to develop. Retaining wall requires significant updates and repairs. Please reach out to listing agent for more information.
Listing Provided Courtesy of Matt Murray, Cascade Hasson Sotheby's International Realty
General Information
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358980332
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1 DOM
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5
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5227.2 SqFt
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5
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2309
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1943
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RM3
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Multnomah
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R247230
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Ainsworth
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West Sylvan
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Lincoln
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MultiFamily
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PORTLAND CITY HMSTD, BLOCK 60, W OF CO ST NO 1101, S 15' OF LOT 3
Listing Provided Courtesy of Matt Murray, Cascade Hasson Sotheby's International Realty
Mohan Realty Group data last checked: Jun 27, 2025 07:48 | Listing last modified Jun 26, 2025 18:03,
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