Estimated payment $7,357/month
Live in One, Rent the Others – Modern Tri-Plex in the Heart of Kerns!Rare opportunity to own a stylishly updated tri-plex in Portland’s vibrant Kerns neighborhood—ranked the #5 Coolest Neighborhood in the World by Time Out and A+ by Niche. This is the ideal setup for an owner-occupant looking to offset housing costs, multi-generational living, or even a group purchase where each buyer occupies a unit.Live in one of the spacious units and collect over $4,645/month in rent from the other two. Each unit features quartz countertops, stainless steel appliances, vinyl plank flooring, and in-unit washer/dryer. A detached 480 sq ft outbuilding provides secure, private storage for each tenant.Located just blocks from Whole Foods, Laurelhurst Park, and top restaurants, with a Walk Score and Bike Score of 97, this home delivers unmatched access and lifestyle. Zoned for potential development or ADU addition. With $7,095/month in gross income and low monthly expenses, this is a compelling opportunity for both homeowners and investors alike.
Home Type
Est. Annual Taxes
Year Built
Lot Details
Home Design
Interior Spaces
Bedrooms and Bathrooms
Finished Basement
Parking
Schools
Utilities
Listing and Financial Details
Overview
Building Details
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $6,193 | $233,720 | $0 | $0 |
| 2022 | $6,059 | $226,920 | $0 | $0 |
| 2021 | $5,957 | $220,320 | $0 | $0 |
| 2020 | $5,465 | $213,910 | $0 | $0 |
| 2019 | $5,264 | $207,680 | $0 | $0 |
| 2018 | $5,109 | $201,640 | $0 | $0 |
| 2017 | $4,897 | $195,770 | $0 | $0 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/12/2025 06/12/25 | Price Changed | $1,235,000 | -4.9% | $309 / Sq Ft |
| 03/28/2025 03/28/25 | Price Changed | $1,299,000 | -3.8% | $325 / Sq Ft |
| 12/13/2024 12/13/24 | For Sale | $1,350,000 | -- | $338 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $475,000 | First American | |
| Interfamily Deed Transfer | -- | First American | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
$1,095,000
LOCATION could not be sweeter on for this 5-plex just 1 block from Grand Central Bakery and all of the delights of Hawthorne St. Uniquely situation on the corner of Madison and SE 23rd, this 5 unit complex has 5 distinct layouts including 1 2/1 Unit and 4 1/1 Units: the "penthouse" spanning the entire upstairs and includes a den. This home has been beautifully maintained and includes gas stoves
Merilee Lloyd Mal & Seitz
$1,175,000
New price on this solid Mid-century 4 Plex. Variety of units for rich returns. Lots of opportunity to increase return on investment with this buy. Estimated 6.97 Cap Rate could be easy to reach based on market rents on newly updated units. Updates done in 2025 include (in some or all vacant units) interior paint, kitchen and bathroom fans and fixtures, lighting, flooring, cadet heaters. Four
Teri Toombs Wood Land Realty
$1,300,000
Check out the location! Two triplexes side by side on two separate tax lots being sold together. Great close-in location with walkability drives consistent interest. Great income with historically longterm tenants. Low rents on most units offers great potential for increase income and upside. Both off street and on street parking. Some recent updates in the kitchen with newer appliances.
Chris Suarez Keller Williams Sunset Corridor
$1,315,000
Park like setting in this one of a kind eco friendly 5 unit multifamily investment in A+ Buckman location. Situated up and off the street, this mid-century plex was entirely renovated in 2010/2011 with no expense spared! With modern touches, solar panels & durable materials, the Dawg Terrace is built to last and provide a low maintenance and easy to enjoy investment. Fully leased investment with
Hope Beraka Think Real Estate
$1,190,000
Fantastic 5-Plex Investment Opportunity in the Heart of NE Portland. Located on a prominent corner lot at the intersection of Sullivan’s Gulch and Grant Park, this versatile 5-plex offers an exceptional opportunity for investors or owner-occupants. The property features a mix of 1-, 2-, and 3-bedroom units, 4 units currently rented under market value—providing significant upside potential. Each
Wendy Zhu Crestview Realty, LLC
$1,400,000
This seven-unit multifamily property is located at the corner of SE 22nd and Madison in Portland’s highly desirable Buckman neighborhood. Built in 1904, this classic eastside building offers spacious one-bedroom units, each approximately 600 square feet, featuring hardwood floors, gas ranges, and abundant natural light.The property includes on-site laundry, a full basement with storage, and
Benjamin Ficker Keller Williams Sunset Corridor
$1,000,000
Fabulous Irvington 4-plex with so much original charm. Well maintained with a history of long-term owners and low turn-over with the renters. Potential to raise rents based on current market data. Each unit is 2 bedrooms/1 bath with a fireplace and hardwood floors. Shared laundry and private storage in the basement + room for bikes! Would be great owner-occupied or buy as an investment! This
Jennifer Turner Lovejoy Real Estate
$1,275,000
The Painted Lady Victorian home is rich in history and beautifully maintained. Currently is being used as a nightly rental, has been a month-to-month rental. 3 living spaces, main house, ADU in basement with full kitchen and outside entrance and the Studio/cottage in back. Parking on driveway and on the street. Quiet location. This property would be a great family home, multi-generational
Gina Bany Better Homes & Gardens Realty
$1,400,000
Investment Opportunity: Historic Multi-Family Property in Portland's Lloyd District - First time on the market in 85 years and previously managed and occupied by the family who owned it for that time period. Presenting 1010–1016 NE Weidler St, a distinguished and expansive multi-family property situated on a 5,000 sq ft lot in Portland's vibrant Lloyd District. Built in 1909, this property
Jessica Tindell Tindell & Co
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 24640926
APN: R177657
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