503 SE 157th Ave, Portland, OR 97233

$1,279,900

29 Total Photos [Click to View All]

Property Description

Investor-ready duplex offering strong value-add potential. Each unit features 3 bedrooms and 2.5 baths with spacious primary suite, private fenced yard, and dedicated single-car garage-an ideal setup for long-term tenant retention. Well-equipped kitchens include range, dishwasher, microwave hood, refrigerator, and washer/dryer hookups; 3 of the 4 units include a washer and dryer. Rents are historically below market with reliable long-term tenants in place, presenting an excellent opportunity to increase cash flow. Current rent comparisons support potential rents of approximately $2,295 per unit per month. Please do not disturb tenants. *Interior photos are of the vacant unit at 15650 SE Stark St. Seller holds an active Real Estate License in OR.

503 SE 157th Ave | MLS# 563101202

This multi-family property located at 503 SE 157th Ave, Portland, OR 97233 is currently listed for sale with an asking price of $1,279,900. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Fuel Type: Gas
Heating: Forced Air
Roof Type: Composition
Stories: 2.0
Taxes: $12,513
Year Built: 2010
Square Feet: 6,076

Units

Unit Type 1:
Bathroom(s): 3
Bedrooms: 3
Features: Dishwasher, Microwave, Range, Refrigerator
Rent: $1645.00
Square Footage: 1506
Total Units: 2
Unit Type 2:
Bathroom(s): 3
Bedrooms: 3
Features: Dishwasher, Range, Refrigerator, WasherDryerHookup
Rent: $1795.00
Square Footage: 1532
Total Units: 2

Feature Descriptions

Days on Site: 29
Exterior: Cement Siding
Gross Income: $77340.00 (Actual)
Hot Water: Gas
Lot: Corner Lot, Level, On Busline
Net Income: $52487.00 (Actual)
Operating Expenses: $20003.00 (Actual)
Parking: Driveway, Garage
Parking Notes: Driveway, Garage
Sewer: Public Sewer
Storage: Garage
Units: 4
Water: Public Water

Local Schools

High School: Centennial
Middle School: Oliver
Elementary School: Parklane

Listed By / Shown By

Listed By

Agency Name: John L. Scott Sandy
Agency Phone: 503-826-9000

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

$ 7,887.93 per month $6,471.87 Principal & Interest $1,042.75 Property Tax $373.30 Homeowner's Insurance

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