Fantastic tri-plex opportunity with exceptional flexibility and income potential! Situated in the Centennial neighborhood on a rare, dividable 0.48-acre lot zoned RM1, this property offers a unique blend of current cash flow and future development possibilities. Each of the three units features 2 bedrooms and 1 bathroom, with updates completed to varying degrees. Units are equipped with central air conditioning, in-unit washers and dryers, electric or gas ranges, and free-standing refrigerators for tenant convenience. Unit 505 showcases wood flooring, black appliances, a cozy fireplace with brick surround, and a stackable washer and dryer. Unit 511 offers distinctive Spanish tile in the kitchen, stainless steel appliances, gas cooking, a carpeted living room with a woodstove, a full-size washer and dryer, and a relaxing soaking tub. Unit 513, located on the lower level, features laminate wood flooring, white appliances, a built-in microwave, and a soaking tub. Residents enjoy access to shared outdoor spaces complete with a covered back patio, raised garden beds, and an inviting outdoor fireplace. The expansive, level backyard provides ample room for gardening, recreation, or future expansion. Additional highlights include two rentable garages for added income and driveway parking for at least six vehicles. Whether you're looking to subdivide and build, maintain as an income-producing property, or create a multi-generational living compound, this property offers endless possibilities in a prime location.
Listed By
Agency Name: Windermere Realty Trust
Agency Contact: 503-888-5191
Shown By
Agent Name: Sheri Hilton, Broker
Agent Phone: (541) 550-6129
Agency Title: Bend Premier Real Estate
Estimated Payment
$ 4,024.14 per month $3,033.42 Principal & Interest $815.75 Property Tax $174.97 Homeowner's InsuranceSend an email with a link to
501 SE 157th Ave, Portland, OR 97233.
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501 SE 157th Ave, Portland, OR 97233.
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501 SE 157th Ave | MLS# 785509330
This multi-family property located at 501 SE 157th Ave, Portland, OR 97233 is currently listed for sale with an asking price of $599,900. Search Portland real estate on sherihilton.bendpremierrealestate.com today.