9647 SW CAPITOL HWY, Portland, OR 97219
- $850,000
- 3
- BD
- 3
- BA
- 1,661
- SqFt
- List Price
- $850,000
- Days on Market
- 315
- Status
- ACTIVE
- MLS#
- 533610492
- Rent
- 85000
- Bedrooms
- 3
- Bathrooms
- 3
- Living Area
- 1,661
- Lot Size
- 3, 000 to 4, 999 SqFt
- Region
- Portland NW/ SW/ S, Raleigh Hills
Property Description
This single-family home has been reimagined into three separate living spaces, all of which are fully permitted and approved for year-round short-term rental use. While not permitted as a triplex, the property operates legally and successfully as an Airbnb, offering incredible flexibility and consistent performance. With proven, high occupancy rates and financials accurately reflected in RMLS from the past year of operation, this is a true cash-flow powerhouse. Currently operating as an Airbnb, the property generates $115,000 in annual revenue, with approximately $30,000 in expenses, netting an impressive $85,000 per year. At the $850,000 asking price, that equates to a 10%+ cap rate based on actual performance—rare to find in today’s Portland market. The interiors have been thoughtfully renovated and come fully furnished—every piece of furniture and fixture is included in the sales price, making this an effortless, turnkey investment. Whether you choose to live in one unit and let the other two offset your living costs, or maximize returns by renting the entire property, this is a standout opportunity in the heart of SW Portland. Don’t miss out on this exceptional, income-producing property with strong returns and unbeatable flexibility!
/u.realgeeks.media/smiragroup/logo-icon-lg.png){kind=icon}
Additional Information
- Tax Amount
- $4,263
- Year Built
- 1931
- High School
- Ida B Wells
- Elementary School
- Capitol Hill
- Middle School
- Jackson
- Acres
- 0.11
- Living Area
- 1,661
- Stories
- 1
- Property Type
- Single Family Residence
- Terms
- Cash, Conventional, FHA, VA Loan
- Master Bedroom Level
- Main
- Fuel Description
- Gas
- Heating Description
- Forced Air - 95+%
- Hot Water Description
- Gas
- Exterior Description
- Shake Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Style
- 1 Story, Bungalow
- Parking
- Driveway
- Parking Description
- Driveway
- Road Surface
- Paved
- Exterior Features
- Fenced, Patio, Porch, Raised Beds, Yard
- Interior Features
- Engineered Hardwood, Hardwood Floors, High Ceilings, Laundry, Vinyl Floor, Washer/Dryer, Wood Floors
- Kitchen Appliances
- Built-in Oven, Cooktop, Dishwasher, ENERGY STAR Qualified Appliances, Free-Standing Refrigerator, Microwave, Range Hood
Mortgage Calculator
Listing courtesy of Kelly Right Real Estate of Portland, LLC.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.