$599900
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Bed
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Bath
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SqFt
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1 DOM
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Built:
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Status: Active
Love this home?
Fantastic land bank with wonderful cash flow situated in the Centennial neighborhood on a rare, dividable 0.48-acre lot zoned RM1, this property offers a unique blend of 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 a 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 on the entire lot or a portion thereof, maintain as an income-producing property, or create a multi-generational living compound, this property offers endless possibilities in a prime location.
Listing Provided Courtesy of Jeff Capen, Windermere Realty Trust
General Information
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664175852
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MultiFamily
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1 DOM
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0.48 acres
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RM1
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Multnomah
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R255684
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Parklane
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Oliver
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Centennial
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Land
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MultiFamily
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RITLOW AC, BLOCK B, W 140' OF E 165' LOT 2 EXC N 70' & EXC S 382'
Listing Provided Courtesy of Jeff Capen, Windermere Realty Trust
PDXA1 Realty Group data last checked: Apr 02, 2026 02:33 | Listing last modified Apr 01, 2026 09:09,
Source:
Residence Information
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No
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Features and Utilities
Financial
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9789.34
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0
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Cash,Conventional
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04-01-2026
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No
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No
Comparable Information
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1
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1
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Cash,Conventional
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$599,900
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$599,900
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Apr 01, 2026 09:09
Schools
Map
Listing courtesy of Windermere Realty Trust.
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: Apr 02, 2026 02:33 | Listing last modified Apr 01, 2026 09:09.
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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