$850000
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3 Bed
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3 Bath
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1661 SqFt
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2 DOM
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Built: 1931
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Status: Active
Love this home?
This single-family home has been reimagined into three separate living spaces, all of which are fully permitted and approved for year-round short-term rental use. While not permitted as a triplex, the property operates legally and successfully as an Airbnb, offering incredible flexibility and consistent performance. With proven, high occupancy rates and financials accurately reflected in RMLS from the past year of operation, this is a true cash-flow powerhouse. Currently operating as an Airbnb, the property generates $115,000 in annual revenue, with approximately $30,000 in expenses, netting an impressive $85,000 per year. At the $850,000 asking price, that equates to a 10%+ cap rate based on actual performance—rare to find in today’s Portland market. The interiors have been thoughtfully renovated and come fully furnished—every piece of furniture and fixture is included in the sales price, making this an effortless, turnkey investment. Whether you choose to live in one unit and let the other two offset your living costs, or maximize returns by renting the entire property, this is a standout opportunity in the heart of SW Portland. Don’t miss out on this exceptional, income-producing property with strong returns and unbeatable flexibility!
Listing Provided Courtesy of Jacob Serrill, Kelly Right Real Estate of Portland, LLC
General Information
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533610492
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SingleFamilyResidence
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2 DOM
-
3
-
4791.6 SqFt
-
3
-
1661
-
1931
-
-
Multnomah
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R302142
-
Capitol Hill
-
Jackson
-
Ida B Wells
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Residential
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SingleFamilyResidence
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WEST PORTLAND, BLOCK 72, LOT 5-8 TL 4100
Listing Provided Courtesy of Jacob Serrill, Kelly Right Real Estate of Portland, LLC
PDXA1 Realty Group data last checked: Sep 19, 2025 19:14 | Listing last modified Sep 19, 2025 12:00,
Source:
Residence Information
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0
-
1661
-
0
-
1661
-
Owner
-
1661
-
-
3
-
3
-
0
-
3
-
Composition
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-
Stories1,Bungalow
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Driveway
-
1
-
1931
-
No
-
-
ShakeSiding
-
PartialBasement,Unfinished
-
-
-
PartialBasement,Unfi
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ConcretePerimeter
-
-
Features and Utilities
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-
BuiltinOven, Cooktop, Dishwasher, ENERGYSTARQualifiedAppliances, FreeStandingRefrigerator, Microwave, Rang
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EngineeredHardwood, HardwoodFloors, HighCeilings, Laundry, VinylFloor, WasherDryer, WoodFloors
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Fenced, Patio, Porch, RaisedBeds, Yard
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-
-
Gas
-
ForcedAir95Plus
-
PublicSewer
-
Gas
-
Gas
Financial
-
4263.77
-
0
-
-
-
-
Cash,Conventional,FHA,VALoan
-
09-17-2025
-
85000
-
No
-
No
Comparable Information
-
-
2
-
2
-
-
Cash,Conventional,FHA,VALoan
-
$850,000
-
$850,000
-
-
Sep 19, 2025 12:00
Schools
Map
Listing courtesy of Kelly Right Real Estate of Portland, 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: Sep 19, 2025 19:14 | Listing last modified Sep 19, 2025 12:00.
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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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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