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Geri And Tim Penner

MORE Realty

concierge@pennergroupproperties.com +1(971) 777-3137

Listed by Rarebird Real Estate

$400,000

Est. payment - /mo

1,346 SqFt

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,346 sqft

Price per Sqft $297

MLS Listing ID 770612929

Year Built 1950

Annual Tax Amount $3,799

Tax Year 2025

Lot Size 0.260 Acres

Property Description

Exceptional investment opportunity in Portland's Powellhurst-Gilbert neighborhood offering an estimated 6.75% cap rate and strong rental potential. This fully remodeled duplex has been extensively updated, making it a low-maintenance, income-producing property from day one. Major system upgrades include new 200-amp electrical service and panels, a new roof, gutters, exterior paint, and double-pane windows. Both units have been thoughtfully renovated with new flooring, fresh interior paint, new water heaters, updated interior water supply and waste lines, and remodeled kitchens and bathrooms featuring new cabinetry, countertops, and modern electrical and plumbing fixtures. Each unit offers comfortable, move-in-ready living along with dedicated storage, laundry hook-up, off-street parking for multiple vehicles, and a nicely sized backyard ready for your finishing touches. Ideal for investors or owner-occupants — rent both units for consistent cash flow or live in one unit while renting the other to help offset your mortgage. Don't miss this turn-key opportunity in Southeast Portland, where demand for duplex housing continues to grow. All rents and financial information are estimates - buyer to verify.

Location

State OR

County Multnomah

Area _143

Zoning RM1

Rooms

Basement Crawl Space

Interior

Heating Wall Heater

Cooling None

Exterior

Roof Type Composition,Shingle

Garage No

Building

Lot Description Level, Public Road

Story 1

Foundation Pillar Post Pier

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Mill Park

Middle Schools Ron Russell

High Schools David Douglas

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

Virtual Tour https://www.zillow.com/view-imx/43eb98df-8b75-4ec9-886c-8b2aa54f853b?wl=true&setAttribution=mls&initialViewType=pano

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Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

+1(971) 777-3137

concierge@pennergroupproperties.com

9792 SW Nimbus Ave, Beaverton, OR, 97008, USA

3311 3315 SE 127TH PL Portland, OR 97236