Solid investment + desirable location. Mid-century 4 Plex with 3 units available for immediate enjoyment. Lots of opportunity to increase return on investment with this buy. Estimated NEW 6.33 Cap Rate could be easy to reach based on market rents on newly updated units. Updates done in 2025 include (in some or all vacant units) interior paint, kitchen and bathroom fans and fixtures, lighting, flooring, cadet heaters. A variety of unit sizes + separate garage leases creates multiple income streams. #121 - 1 bed/1 bath, hardwood floors. #123 - 2 bed/1 bath hardwoods. #125 3 bed/2 bath New LVP flooring thoughout. #127 2 bed/1 bath bamboo floors + new carpet in bedrooms. Low-e vinyl windows, double closets, tub + showers, on-site coin-op laundry. Additional income on 3 separately leased garage spaces ($190, $190, $215). Located in the central eastside Kerns neighborhood smack dab in the middle of it all. Your favorite everything is just around the corner. Walk score = 96, bike score = 90. Walkers/bikers paradise! Lots of action + a desirable area to dwell for those drawn to the ease of living near work, food and fun, with many nearby parks.

Listing courtesy of Teri Toombs of Wood Land Realty 5035221691



The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

Last checked 2025-05-08 11:11 PM PDT.

All information provided is deemed reliable but is not guaranteed and should be independently verified