$850000
Price cut: $49K (10-23-2025)
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5 Bed
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3 Bath
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2124 SqFt
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54 DOM
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Built: 1904
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Status: Active
Love this home?
CAP RATE OF 6.83. FULLY REMODELED UNITS THAT RENT QUICKLY AND HAVE LOW TAXES, A REAL INCOME PRODUCER...The electrical was just completed(all new service) so this building is a legal tri-plex. Quartz countertops, high end LVP flooring, all with a view. This is the income property you've been looking for. WASHER AND DRYERS PROVIDED IN ALL THREE UNITS. No amount of superlatives can fully describe the Marquam Park location, its views, and abundant wildlife....all CLOSE TO DOWNTOWN WITH OHSU CLOSER. Updates include Unit 1(top): LVP flooring/Barn doors/Kitchen Cabinets/Quartz countertops/SS appliances/LED lighting/Microwave, new toilet Unit 2(middle): LVP flooring/Kitchen Cabinets/Quartz countertops/Barn Doors/SS Appliances/LED lighting/bath 6 years new(fridge in this unit is white in pics but is now stainless), Unit 3(lower) with New Carpet/tile/appliances(no dishwasher)/washer & dryer/Acia wood kitchen countertop....Remarkable rent history typified by the latest rental of unit 'A'...50 inquiries in 72 hours...it had to be shut down...Taxes are low at $6,214.72. MOTIVATED SELLER! BRING ALL OFFERS....ALL UNITS CURRENTLY RENTED....ADJACENT LOT AT 1132 SW BROADWAY DRIVE, LIST #647182886 THROWN IN TO THE PURCHASE WITH AN ACCEPTABLE OFFER...
Listing Provided Courtesy of Mark Jackson, Richard Ballew Realty
General Information
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374309510
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54 DOM
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5
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7405.2 SqFt
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3
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2124
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1904
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R10
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Multnomah
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R327777
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Ainsworth
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West Sylvan
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Lincoln
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MultiFamily
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SECTION 09 1S 1E, TL 4000 0.17 ACRES
Listing Provided Courtesy of Mark Jackson, Richard Ballew Realty
PDXA1 Realty Group data last checked: Nov 13, 2025 04:45 | Listing last modified Nov 03, 2025 14:30,
Source:
Residence Information
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-
-
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2124
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-
-
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5
-
-
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3
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Composition
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-
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OnStreet
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3
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1904
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No
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VinylSiding
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Daylight
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-
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Daylight
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Slab
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Features and Utilities
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None
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Tank
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Baseboard, ForcedAir
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SepticTank
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Tank
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Electricity, Gas
Financial
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6463.17
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0
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Electricity,Heat,Sewer,TrashCollection,Water
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-
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Cash,Conventional
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09-10-2025
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No
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No
Comparable Information
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54
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64
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Cash,Conventional
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$899,000
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$850,000
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Nov 03, 2025 14:30
Schools
Map
Listing courtesy of Richard Ballew Realty.
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.
PDXA1 Realty Group data last checked: Nov 13, 2025 04:45 | Listing last modified Nov 03, 2025 14:30.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.
— Jagathishp
Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
— Vignesh Chan
Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
— Praveen
Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
— Alishetty
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
— Ramren Garajan
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