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Listed by The Agency Portland
$609,000
Est. payment /mo
0.26 Acres Lot
Active
12011 SE MARKET ST Portland, OR 97216
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Triplex 12011 -12017 Se Market
MLS Listing ID 646112361
Year Built 1961
Annual Tax Amount $6,963
Tax Year 2025
Lot Size 0.260 Acres
Property Description
Extensively updated triplex offering stable long term tenancy, significant capital improvements, and future rental upside. Major improvements completed in 2023 and 2024 include new electrical meters for all three units, exterior paint, soffits, gutters, landscaping, concrete walkways, quartz countertops, refinished hardwood floors, interior paint, updated fixtures, and select new appliances. One spacious unit features a private patio, bonus room or office, and attached garage, while the additional two units each include oversized private storage rooms of approximately 20 x 5 feet. Every unit offers designated off street parking, plus visitor parking and shared outdoor space. Current rents reflect long term tenancy with documented upside as units transition toward market rents. Financials, leases, and a detailed improvement list are available upon request. Owner occupied purchase opportunities may be available. Please do not disturb tenants.
Location
State OR
County Multnomah
Area _143
Zoning R3A
Rooms
Basement Crawl Space
Interior
Heating Baseboard
Cooling Wall Unit
Exterior
Garage Spaces 1.0
Roof Type Composition
Garage No
Building
Lot Description Level
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Ventura Park
Middle Schools Floyd Light
High Schools David Douglas
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
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