Triplex with 6.44% Cap Rate. Current loan on the property is assumable at well below market rate. Great investment opportunity in Montavilla neighborhood of NE Portland. 3 addresses on 1 tax lot. Front house will roll into a month to month lease starting 6/27/2025 without a rent increase. This may open opportunities for a owner occupied unit and keep the duplex as a rental. The 3-unit property consists of a 774 square foot, detached home built in 1924. A duplex on the back of the property was built in 2005. House features hard wood flooring, jack & jill bathroom and large unfinished basement. The duplex units are each comprised of 3 bedrooms & 2.5 bath with quality finishes, stainless appliances, gas fireplaces, quality flooring and fenced yards.
MORE RealtyBrokerage Phone: 503-701-4963License #201216621Listed on: 05/24/2025
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$10,911
Year Built
Built in 1924 | Remodeled
Lot Details
7,405 Sq Ft Lot
Gentle Sloping Lot
Parking
2 Car Garage
On-Street Parking
Home Design
Composition Roof
Wood Siding
Concrete Perimeter Foundation
Interior Spaces
4,096 Sq Ft Home
2-Story Property
Unfinished Basement
Crawl Space
Bedrooms and Bathrooms
8 Bedrooms
7 Bathrooms
Schools
Vestal Elementary School
Harrison Park Middle School
Leodis Mcdaniel High School
Utilities
No Cooling
Forced Air Heating System
Heating System Uses Gas
Gas Water Heater
Listing and Financial Details
Assessor Parcel Number R319476
Community Details
Overview
No Home Owners Association
3 Units
Montavilla Subdivision
Property managed by Portland Property Management
Building Details
Operating Expense $16,990
Gross Income $69,180
Net Operating Income $52,190
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$10,911
Year Built
Built in 1924 | Remodeled
Lot Details
0
Parking
2
Listing Details
Standard Status: Active
MLS Status: Active
Property Type: MultiFamily
Stories: 2
Year Built: 1924
Property Condition: UpdatedRemodeled
Property Attached Yn: No
Open House: No
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Basement: CrawlSpace, Unfinished
Total Bedrooms: 8
Lot Size Range: SqFt7000to9999
Exterior Features
Exterior Description: WoodSiding
Lot Size: 7,000 to 9,999 SqFt
Foundation Details: ConcretePerimeter
View: No
Lot Features: GentleSloping
Road Surface Type: Paved
Roof: Composition
Garage/Parking
Parking Description: Garage, OnStreet
Attached Garage: No
Garage Spaces: 2.0
Total Parking Spaces: 2.0
Utilities
Fuel Description: Gas
Hot Water: Gas
Cooling Y N: No
Heating: ForcedAir
Heating Yn: Yes
Sewer: PublicSewer
Water Source: PublicWater
Condo/Co-op/Association
Management Name: Portland Property Management
Association: No
Schools
Elementary School: Vestal
High School: Leodis McDaniel
Middle Or Junior School: Harrison Park
Lot Info
Zoning: RM1
Lot Size Acres: 0.17
Lot Size Sq Ft: 7405.0
Parcel #: R319476
Green Features
Green Certification: No
Rental Info
Rent Includes: TrashCollection
Tax Info
Tax Deferral: No
Tax Year: 2024
Tax Annual Amount: 10911.38
Multi Family
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Number Of Units Total: 3
Gross Rent Multiplier: 11.71
Annual Gross Income: 69180.0
Property Net Operating Income: 52190.0
Annual Operating Expense: 16990.0
Map
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
So many possibilities with this property. Currently has 1431sq ft office/retail space at street level located in first building along with 2 rented apartment units above. Property also offers roughly 1000 sq ft of basement space. 2nd building has 2 rented apartment units with a small basement. Property is a fixer and being sold as-is. Development opportunity with this property as well, tear down
Fully rented 4-plex, each unit has 2 bedrooms, 2 baths, living area, washer and dryer hookup closet and storage room. The bottom units have a fenced backyard. Upstairs units have front and back balconies. It was built in 2005 and renovated throughout in 2014. PLEASE DO NOT DISTURB THE TENANTS. All offers to be contingent on interior inspection.
Great opportunity to own a close-in triplex with long-term rental history. Three townhome style units, each with its own front porch and back patio, fireplace, and storage. Residents share an on-site laundry room, and the large backyard. Newer roof, ample off-street parking (9 spaces total), and on a bus line. All units are occupied - interior photos were taken before listing, in between rental
Come and see the beauty of this newer duplex that has quartz and granite countertops and open concept living; it feels like a home or townhouse.Live in one side and help pay your mortgage with income from the other side. One side was renting for $2100 but both units will be vacant soon. Opportunity to charge what market rents are or whatever you want! Each unit has a garage with automatic
Both units are Mirrored floor plans. Very well maintained.Great Duplex that lives like two homes. Each unit is 1473 Sqft. Perfect for an owner occupied situation. Or rent them both out. Investors come see! Main Level "Open concept" kitchen, living and dining rooms. Sleek white cabinets and quartz countertops. Contemporary feel. Primary ensuite is spacious and has walk-in closets. 2 additional
Fantastic investment opportunity to own a 4 units mobile park in a convenient location! Large .4 acre parcel! Total 4 mobile home space. Currently one space is vacant and available for space rent. The 3888 sqft are total of 3 existing manufactured homes on the property. Seller owns all 3 of them and they are included in the sales price! Two of the homes(28x48' each, each has 3 beds 2 baths) are
Prime Location in the Heart of Portland’s SW Hills — This stunning home offers top-tier schools and exceptional flexibility, perfect for multigenerational living, a home office, Airbnb potential, or an in-law/nanny suite. Situated on a low-maintenance lot surrounded by trees and territorial views. The main part of the house features six bedrooms, four full bathrooms, a bonus room, a family room
This home is located at 900 NE 91st Ave, Portland, OR 97220 and is currently priced at $810,000, approximately $197 per square foot. This property was built in 1924. 900 NE 91st Ave is a home located in Multnomah County with nearby schools including Vestal Elementary School, Leodis V. McDaniel High School, and Columbia Christian School.
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