8805 SE 17TH AVE

Portland, 97202

  • 7 Bed

  • 7 Bath

  • 4536 SqFt

  • 1 DOM

  • Built: 1968

  • Status: Active

$1,270,000

X

8805 SE 17TH AVE

Portland 97202

$1270000

  • 7 Bed

  • 7 Bath

  • 4536 SqFt

  • 1 DOM

  • Built: 1968

  • Status: Active

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Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

An exceptional investment opportunity in one of Portland’s most desirable and walkable neighborhoods—Sellwood-Moreland. This fully leased 5-unit multifamily property offers consistent cash flow, long-term tenants, and excellent proximity to parks, schools, shops, and transit.The property sits on a corner lot and features a strong unit mix. Four 2BR/1.5BA townhomes offer two levels, private entrances, in-unit laundry, walk-in closets, private balconies, LVT flooring (in many), celling fans, tenant storage, and dedicated carports. The fifth unit is a 1BR/1BA single-level flat with its own washer/dryer, LVT flooring throughout, storage space, and private carport—ideal for a professional tenant.All five units are currently rented to long-term tenants, minimizing vacancy and turnover. The property is well-maintained and operating at a 4.07% cap rate with future upside through rent increases or light cosmetic updates. RM1 zoning offers future development flexibility.Sellwood-Moreland is a vibrant, eclectic neighborhood with tree-lined streets, charming shops, and strong community appeal. Easy access to downtown, MAX Orange Line, and Springwater Corridor.Near Sellwood Park, Oaks Bottom Wildlife Refuge, Oaks Amusement Park, and Sellwood Riverfront Park. Just 4 minutes from the prestigious Waverley Country Club.Close to New Seasons Market, local cafés and restaurants, Reed College, Lewis & Clark, OHSU, and top-rated public schools.Walk Score: 74 | Bike Score: 95A rare, turnkey 5-plex in one of Portland’s most established and sought-after neighborhoods—perfect for investors seeking stability, growth, and location.Fully occupied- Do not disturb tenants.

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Residence Information

  • 4536

  • 7

  • 7

  • Flat

  • 6,

  • Carport,OffStreet

  • 2

  • 1968

  • No

  • CementSiding, Stone, Stucco

  • None

  • None

  • ConcretePerimeter

Features and Utilities

  • Electricity

  • ForcedAir

  • PublicSewer

  • Electricity

  • Electricity

Financial

  • 10597.01

  • Sewer,TrashCollection,Water

  • Cash,Conventional

  • 07-07-2025

  • No

  • No

Comparable Information

  • 1

  • 1

  • Cash,Conventional

  • $1,270,000

  • $1,270,000

  • Jul 07, 2025 17:32

Schools

Middle : Sellwood N/A Ratings

Map

Listing courtesy of Premiere Property Group, LLC.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Mohan Realty Group data last checked: Jul 08, 2025 08:29 | Listing last modified Jul 07, 2025 17:32. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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