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Alex & Sierra Rosenbaum

alex@alexrosenbaum.com +1(415) 318-0001

Listed by Windermere Realty Trust • 503-888-5191

$ 599,900

Est. payment | -/mo

3,503 SqFt

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$ 599,900

Est. payment | -/mo

Save

3,503 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 3,503 sqft

Price per Sqft $171

Subdivision Centennial

MLS Listing ID 785509330

Year Built 1947

Annual Tax Amount $9,789

Tax Year 2025

Lot Size 0.480 Acres

Property Description

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.

Location

State OR

County Multnomah

Community Alllandscaping, Centralair, Commons

Area _143

Zoning RM1

Interior

Heating Forced Air

Cooling Central Air

Exterior

Garage Spaces 2.0

Community Features AllLandscaping, CentralAir, Commons

Roof Type Composition

Garage No

Building

Lot Description Level

Story 2

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Parklane

Middle Schools Oliver

High Schools Centennial

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

Nearby Locations

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Alex & Sierra Rosenbaum

REALTORS® | Lic# 201233003 | Lic# 20124996

alex@alexrosenbaum.com

+1(415) 318-0001

590 Pearl St, # 109, Eugene, OR 97401

501 SE 157TH AVE Portland, OR 97233

Alex & Sierra Rosenbaum

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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501 SE 157TH AVE