18220 SE Pine St, Portland, OR 97233

$649,900

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Property Description

Investment opportunity in the heart of Rockwood! This well maintained triplex offers strong rental potential with a highly desirable layout featuring separate garages for each unit and updated kitchens. Built in 1996, the property includes over 3,100 square feet with spacious units designed for long term tenant appeal. Conveniently located with a Gresham mailing address, this property is outside Portland's residential rental registration and relocation requirements, offering added flexibility for investors and landlords. Close to transit, shopping, parks, and major commuter routes, this is a rare chance to own a low maintenance multifamily asset in an established rental corridor.

18220 SE Pine St | MLS# 238894307

This multi-family property located at 18220 SE Pine St, Portland, OR 97233 is currently listed for sale with an asking price of $649,900. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Fuel Type: Electricity, Gas
Heating: Forced Air
Roof Type: Composition
Stories: 2.0
Taxes: $8,260
Year Built: 1996

Units

Unit Type 1:
Bathroom(s): 2
Bedrooms: 3
Rent: $1925.00
Square Footage: 1300
Total Units: 1
Unit Type 2:
Bathroom(s): 2
Bedrooms: 2
Rent: $1600.00
Square Footage: 938
Total Units: 1
Unit Type 3:
Bathroom(s): 2
Bedrooms: 2
Rent: $1550.00
Square Footage: 938
Total Units: 1

Feature Descriptions

Days on Site: 24
Exterior: Vinyl Siding
Gross Income: $59954.00 (Actual)
Hot Water: Electricity
Lot: Level
Net Income: $34917.00 (Actual)
Operating Expenses: $25037.00 (Actual)
Parking: Garage
Parking Notes: Garage
Sewer: Public Sewer
Storage: Garage
Units: 3
Water: Public Water

Local Schools

High School: Reynolds
Middle School: Reynolds
Elementary School: Hartley

Listed By / Shown By

Listed By

Agency Name: Keller Williams PDX Central
Agency Phone: 503-548-4848

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 4,164.14 per month $3,286.25 Principal & Interest $688.33 Property Tax $189.55 Homeowner's Insurance

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