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302 N Bridgeton Rd, Portland, OR 97217

$2,247,000

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Property Description

Rare turnkey Portland riverfront investment opportunity featuring three modern townhomes each paired with a permitted attached ADU for a total of six income producing units. Built in 2021 and positioned in the sought after Bridgeton neighborhood near the Columbia River, marinas, yacht clubs, PDX, downtown Portland, and Vancouver, this unique portfolio offers flexible ownership and income strategies in one of Portland's most distinctive waterfront communities. Each residence showcases contemporary architecture, soaring ceilings, oversized windows, designer kitchens with quartz countertops and stainless appliances, spacious outdoor living areas, attached garages, and high efficiency construction. ADUs are approved for short term rentals, creating additional flexibility for investors or owner occupants seeking supplemental income. The property was developed with individual fee simple parcels allowing the option to operate as a multifamily investment, sell units individually, or create a long term hold portfolio. A rare combination of modern design, location, scalability, and income potential.

302 N Bridgeton Rd | MLS# 698798376

This multi-family property located at 302 N Bridgeton Rd, Portland, OR 97217 is currently listed for sale with an asking price of $2,247,000. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Cooling: Central Air
Fuel Type: Electricity, Gas
Heating: Ductless, Heat Pump, Mini Split
Roof Type: Composition
Stories: 4.0
Taxes: $28,325
Year Built: 2021
Square Feet: 8,535

Units

Unit Type 1:
Bathroom(s): 3
Bedrooms: 3
Features: AirConditioning, Dishwasher, Refrigerator, WasherDryer
Rent: $2850.00
Square Footage: 1866
Total Units: 1
Unit Type 2:
Bathroom(s): 1
Bedrooms: 1
Features: AirConditioning, Dishwasher, Refrigerator, WasherDryer
Rent: $1950.00
Square Footage: 788
Total Units: 1
Unit Type 3:
Bathroom(s): 3
Bedrooms: 3
Features: AirConditioning, Dishwasher, Refrigerator, WasherDryer
Rent: $3300.00
Square Footage: 2308
Total Units: 1
Unit Type 4:
Bathroom(s): 1
Bedrooms: 1
Features: AirConditioning, Dishwasher, Refrigerator, WasherDryer
Rent: $1950.00
Square Footage: 820
Total Units: 1
Unit Type 5:
Bathroom(s): 3
Bedrooms: 3
Features: AirConditioning, Dishwasher, Refrigerator, WasherDryer
Rent: $3000.00
Square Footage: 1961
Total Units: 1
Unit Type 6:
Bathroom(s): 1
Bedrooms: 1
Features: AirConditioning, Dishwasher, Refrigerator, WasherDryer
Rent: $1850.00
Square Footage: 792
Total Units: 1

Feature Descriptions

Body of Water: Columbia River
Days on Site: 11
Exterior: Board & Batten Siding, Cement Siding, Lap Sidi
Gross Income: $175200.00 (Actual)
Hot Water: Gas, Tank
Lot: Corner Lot, Level
Net Income: $128751.00 (Actual)
Operating Expenses: $46449.00 (Actual)
Parking: Driveway, Garage
Parking Notes: Driveway, Garage
Sewer: Public Sewer
Special View Info: River
Storage: Garage
Units: 6
Water: Public Water
Waterfront: River Front

Local Schools

High School: Jefferson
Middle School: Faubion
Elementary School: Faubion

Listed By / Shown By

Listed By

Agency Name: Epique Realty
Agency Contact: 503-819-9191

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

$ 14,377.85 per month $11,362.05 Principal & Interest $2,360.42 Property Tax $655.38 Homeowner's Insurance

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