$700000
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5 Bed
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3 Bath
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2068 SqFt
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7 DOM
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Built: 1905
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Status: Active
Love this home?
Start your investment portfolio in one of the beloved neighborhoods with income already working for you on day one! This 1905 bungalow triplex in the heart of the Mississippi Ave. corridor is a compelling rental or owner-occupied home. Rented ground floor Unit 1 is 1 bed/1 bath and upper Unit 2 is 2 bed/1 bath provide immediate, stable income from day one, grossing a combined $2587/mo. Move right into vacant ground floor Unit 3 with its 2 beds, 1 bath, and an eat-in kitchen.The lower two units share access to a spacious blank slate backyard. Unit 2 has its own covered balcony providing outdoor space. The basement offers shared laundry and ample storage. There’s room to bring your own style and elevate the interiors over time, creating additional upside in both rents and value. It’s a smart way to get into the market in a location that’s coveted by owners and renters alike.Set on a quieter stretch of N Mississippi, this is exactly the kind of place renters are drawn to. Mornings start with a visit to the local café. Evenings end with dinner or drinks and a show at Mississippi Studios. Weekends are spent wandering the local shops along one of Portland’s most iconic streets: Sunlan Lighting, anyone? Nearby Peninsula Park offers rose gardens, open green space, and a true neighborhood gathering place for picnics in the sun.Originally built as a single-family home, the property has been updated to accommodate three units while maintaining its “Old Portland” vibes. Improvements include a newer roof, new siding and exterior paint, updated exterior lighting, Trex deck, vinyl windows, and two water heaters. All three units are accessed from a welcoming front porch, reinforcing that classic bungalow feel that resonates with renters and owners alike.This is more than just a house. It’s a flexible, income-producing property rooted in one of Portland’s most vibrant neighborhoods, where lifestyle and investment combine seamlessly.
Listing Provided Courtesy of Claire Paris, Paris Group Realty LLC
General Information
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748260085
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7 DOM
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5
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5227.2 SqFt
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3
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2068
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1905
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R1
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Multnomah
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R301430
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Beach
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Ockley Green
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Roosevelt
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MultiFamily
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WEST PIEDMONT, BLOCK 11, LOT 7
Listing Provided Courtesy of Claire Paris, Paris Group Realty LLC
PDXA1 Realty Group data last checked: Mar 27, 2026 19:01 | Listing last modified Mar 26, 2026 16:34,
Source:
Residence Information
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-
-
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2068
-
-
-
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5
-
-
-
3
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Composition
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-
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None
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3
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1905
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No
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WoodComposite
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PartiallyFinished
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-
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PartiallyFinished
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-
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Features and Utilities
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-
-
-
-
-
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Electricity
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WallFurnace
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PublicSewer
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Electricity
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Electricity
Financial
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3283.75
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0
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Sewer,Water
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-
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Cash,Conventional,VALoan
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03-26-2026
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No
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No
Comparable Information
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7
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1
-
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Cash,Conventional,VALoan
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$700,000
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$700,000
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-
Mar 26, 2026 16:34
Schools
Map
Listing courtesy of Paris Group Realty LLC.
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: Mar 27, 2026 19:01 | Listing last modified Mar 26, 2026 16:34.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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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.
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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.
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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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