2940 SE BROOKLYN ST, Portland, OR 97202
- $875,000
- 2,736
- SqFt
- List Price
- $875,000
- Days on Market
- 1
- MLS#
- 787062550
- Property Type
- Multifamily
- Sqft. of Residence
- 2,736
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Portland Southeast
- Status
- ACTIVE
Property Description
Immaculately maintained triplex in a highly sought-after Southeast Portland location, offered in conjunction with the neighboring triplex. Both properties must sell and close together.Each unit lives like a home. Private garage and private basement space accessible only to that tenant, a feature that consistently drives demand and retention in this rental pool. Air conditioning in every unit. Hardwood floors throughout. Most units have been updated, and new water service lines serve each building.The setting sets this offering apart: impeccable landscaping, a beautiful central courtyard, and a peaceful, established residential block that tenants do not leave easily.Operating expenses are light for ownership. Tenants pay their own water, sewer, and gas. The landlord pays trash only.Current rents sit approximately 12% below market, delivering immediate upside to a new owner without repositioning the asset or displacing tenants. Strong in-place income, minimal deferred maintenance, and a clear path to higher NOI.An uncommon opportunity to acquire six units side by side in one of Portland's most durable rental submarkets, with the scale advantages of a small multifamily portfolio and the tenant appeal of individual homes.Sold subject to the concurrent sale of the adjacent triplex. All offers subject to interior inspection. Please do not disturb tenants.
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Additional Information
- Tax Amount
- $12,727
- Year Built
- 1959
- High School
- Cleveland
- Elementary School
- Grout
- Middle School
- Hosford
- Garage Spaces
- 3
- Acres
- 0.14
- Living Area
- 2,736
- Stories
- 1
- Subdivision
- RICHMOND
- Terms
- Cash, Conventional
- Cooling Description
- Central Air
- Fuel Description
- Gas
- Heating Description
- Forced Air, Wall Heater
- Hoa Rent Includes
- Trash Collection
- Hot Water Description
- Gas
- Exterior Description
- Stucco
- Roof Type
- Composition, Shingle
- Sewer Description
- Public Sewer
- Parking
- Attached, Garage
- Parking Description
- Attached, Garage
- Road Surface
- Paved
- Number Of Units Total
- 3
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 2125
- Unit Type One Sq Ft
- 1356
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 2150
- Unit Type Three Sq Ft
- 1591
- Unit Type Three Units Total
- 1
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Listing courtesy of Rarebird Real Estate.
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