$820000
-
5 Bed
-
3 Bath
-
3892 SqFt
-
0 DOM
-
Built: 1909
-
Status: Active
Love this home?
Charming Farmhouse Triplex in the Heart of North Portland – Fully Leased with 5% Cap Rate and Upside Potential. Welcome to this beautifully maintained former farmhouse, now a thoughtfully converted triplex, nestled in the vibrant Peninsula neighborhood. This income-producing property blends vintage charm with modern upgrades. Opportunities for increased cash flow or re-development into a higher density building. All 3 units have received updates in the last 10 years, have access to storage in the basement, a coin-operated laundry for additional income, shared backyard + deck, and front porches. The lot abuts a parking lot, of which 6’ x 50’ belongs to the property for potential on-site parking (driveway easement agreement needed) • Unit 1: A warm and inviting 1-bedroom featuring original hardwood floors, working wood-fireplace, and a stylish 2015 update with new countertops and a refreshed bathroom. • Unit 2: A quaint 2-bedroom with hardwood floors, a large kitchen, built-ins, and a recently remodeled bathroom and kitchen. Features classic penny tile a, clawfoot tub, and original hardware • Unit 3: Spanning the entire upper floor, this bright 2-bedroom unit includes new carpeting, and newly added air conditioning / furnace, a refreshed kitchen with marmoleum flooring, and a generous bonus room perfect for a playroom or large walk-in closet. Located less than a mile from Arbor Lodge’s New Seasons Market, and just two miles to both the Kenton and St. Johns commercial districts. A few short blocks to University of Portland, this property is perfectly positioned for walkability and long-term desirability. Served by the 75 and 35 Bus-lines, with lots of nearby shops and restaurants on Lombard Avenue. • Zoned CM2 (Commercial Mixed Use 2) – flexible for a variety of future uses into higher density apartments 0’ Whether you’re a seasoned investor or a visionary homebuyer, this one-of-a-kind triplex offers with shops, parks and activities. Don’t miss this exceptional investm
Listing Provided Courtesy of Jessica Burke, Living Room Realty
General Information
-
232296525
-
-
0 DOM
-
5
-
4356 SqFt
-
3
-
3892
-
1909
-
CM2
-
Multnomah
-
R248754
-
Astor
-
Astor
-
Roosevelt
-
MultiFamily
-
-
PORTSMOUTH VILLA EXTD, BLOCK F, N 2' OF ELY 25' OF LOT 2 & ELY 85
Listing Provided Courtesy of Jessica Burke, Living Room Realty
PDXA1 Realty Group data last checked: Aug 18, 2025 22:02 | Listing last modified Aug 18, 2025 11:35,
Source:
Residence Information
-
-
-
-
3892
-
-
-
-
5
-
-
-
3
-
Shingle
-
-
-
OnStreet
-
2
-
1909
-
No
-
-
WoodSiding
-
-
-
-
-
ConcretePerimeter
-
-
Features and Utilities
-
-
-
-
-
-
CentralAir
-
Gas
-
ForcedAir
-
PublicSewer
-
Gas
-
Gas
Financial
-
6651.66
-
-
MaintenanceGrounds
-
-
-
Cash,Conventional,FHA,VALoan
-
08-18-2025
-
-
No
-
No
Comparable Information
-
-
0
-
0
-
-
Cash,Conventional,FHA,VALoan
-
$820,000
-
$820,000
-
-
Aug 18, 2025 11:35
Schools
Map
Listing courtesy of Living Room 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: Aug 18, 2025 22:02 | Listing last modified Aug 18, 2025 11:35.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Similar Properties
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!
© PDXA1 Realty Group | Powered by Taigha