$879900
Price cut: $10K (07-10-2025)
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7 Bed
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4 Bath
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2716 SqFt
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96 DOM
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Built: 1980
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Status: Active
Love this home?
Portland Area Investors!! This triplex has great cash flow, pencils out to a 6.38% cap rate, and isn't impacted by City of Portland rental laws! Current monthly rents total $5524 and all three units are fully rented. This Wood Village triplex is in an excellent location and has been exceptionally well cared for. The large .25-acre lot is on a quiet cul-de-sac with quick access to I-84, bus lines, public parks, dining, retail and outlet shopping. Recent investment of approximately $25K in improvements. The units have all benefited from interior updates intended to keep maintenance costs low. Each one level unit has a washer/dryer hookup, a fully fenced yard, and a covered patio. Two units have new storage sheds for renters' use. The numerous updates you'll find inside and out include new exterior paint in 2021, vinyl windows, LVP flooring, and even granite countertops & stainless-steel kitchen appliances in one unit. There are also 7 off-street parking spaces. This is a unique opportunity to obtain a high-quality investment property that has been in the same ownership for over 40 years. Seller will consider Buyer credit to assist with interest rate buydown! Please write offer subject to full inspection; one unit is available for viewing by qualified Buyers. Do not walk property or disturb renters.
Listing Provided Courtesy of Cindy Smith, RE/MAX Equity Group
General Information
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169064549
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96 DOM
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7
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0.25 acres
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4
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2716
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1980
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MR2
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Multnomah
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R140013
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Salish Ponds
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Reynolds
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Reynolds
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MultiFamily
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COREANDER, LOT 15
Listing Provided Courtesy of Cindy Smith, RE/MAX Equity Group
PDXA1 Realty Group data last checked: Jul 29, 2025 00:13 | Listing last modified Jul 21, 2025 07:11,
Source:
Residence Information
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2716
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7
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4
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Composition
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Assigned,Paved
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1
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1980
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No
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LapSiding, Panel, T111Siding
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ConcretePerimeter
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Features and Utilities
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None
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Electricity
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ForcedAir
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PublicSewer
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Electricity
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Gas
Financial
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5057.3
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0
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TrashCollection,Water
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Cash,Conventional,FHA,VALoan
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04-16-2025
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No
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No
Comparable Information
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96
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104
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Cash,Conventional,FHA,VALoan
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$898,000
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$879,900
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Jul 21, 2025 07:11
Schools
Map
Listing courtesy of RE/MAX Equity Group.
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: Jul 29, 2025 00:13 | Listing last modified Jul 21, 2025 07:11.
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
Thinking about buying or selling. Let’s Talk.
Whether you’re looking to buy your dream home, sell your property for the best price, or explore investment opportunities, PDXA1 Realty Group is here to help. With expertise, personalized service, and a commitment to your goals, we’ll guide you every step of the way. Contact us today at (971) 330-1856 let’s start the conversation!
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