18230 SE Pine St, Portland, OR 97233

$649,900

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Property Description

Welcome to this well maintained triplex featuring remodeled kitchens. Built in 1996, this spacious multi family property offers an excellent investment opportunity with strong rental appeal in the growing Rockwood corridor. Conveniently situated near the 181st MAX Station, I-84 access, shopping, parks, and everyday amenities, tenants enjoy both accessibility and comfort. This property falls within Multnomah County and carries a Portland mailing address; however, it is exempt from the City of Portland's residential rental regulations and relocation assistance requirements because the property is located in the City of Gresham jurisdictional area.An ideal opportunity for investors seeking stable rental income, low-maintenance construction, and strong commuter demand in an established East Portland/Gresham area location.

18230 SE Pine St | MLS# 268328784

This multi-family property located at 18230 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, WallHeater
Roof Type: Composition
Stories: 2.0
Taxes: $8,263
Year Built: 1996

Units

Unit Type 1:
Bathroom(s): 2
Bedrooms: 2
Features: Range, Refrigerator, WasherDryer
Rent: $1680.00
Square Footage: 938
Total Units: 1
Unit Type 2:
Bathroom(s): 2
Bedrooms: 3
Features: Range, Refrigerator, WasherDryer
Rent: $1925.00
Square Footage: 1300
Total Units: 1
Unit Type 3:
Bathroom(s): 2
Bedrooms: 2
Features: Range, Refrigerator, WasherDryer
Rent: $1680.00
Square Footage: 938
Total Units: 1

Feature Descriptions

Days on Site: 24
Exterior: Vinyl Siding
Gross Income: $62590.00 (Actual)
Hot Water: Electricity
Lot: Level
Net Income: $38248.00 (Actual)
Operating Expenses: $24343.00 (Actual)
Parking: Garage
Parking Notes: Garage
Sewer: Public Sewer
Special View Info: Territorial
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

$ 4,164.39 per month $3,286.25 Principal & Interest $688.58 Property Tax $189.55 Homeowner's Insurance

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