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1542 SE MALDEN ST
Portland, OR 97202
FOR
SALE
$875,000
For Sale
2,054
Sq.Ft.0.16
AcresMLS# 24229575
Cumulative Days on Market: 43
(since
July 25th, 2024)
Data provided by the MLS.
Property Details
Turnkey triplex in the heart of Sellwood has been owned, managed, and lovingly maintained by locals, who can tell you from experience you wont find a better spot to own investment property. Just a short distance from everything Westmoreland / Sellwood has to offer, from coffee shops, restaurants, a theater, bike shops, vintage stores, gift shops and yoga studios to nearby access for the Willamette River and Oaks Bottom Wildlife Refuge. This location, just a short hop to OHSU and minutes from downtown Portland, Milwaukie, or Lake Oswego (take your pick), really does have it all! The main floor 2-bedroom unit features high ceilings and vintage details with a fantastic floorplan, plus an expansive front porch, quaint back porch off the kitchen for access to the beautiful backyard, basement storage and a slider off the bedroom to a private deck. Ultra-livable 1-bedroom upstairs units are light and bright, with open kitchens, ample storage and a picturesque, covered balcony for relaxing outdoors. The exterior is well maintained, with cedar wood siding, fresh paint and a newer roof. All units have double-pane vinyl windows, updated plumbing and electrical and washers / dryers. This beautiful gem draws quality long-term tenants, provides great rental income and has almost zero vacancy, plus could be an excellent owner-occupied investment. Large lot with natural landscaping provides enjoyment for nature lovers and the friendly neighborhood vibe makes this rental feel like home. The R5 zoning should allow for more units (buyer to do their own due diligence regarding density / city codes). Opportunities like this dont come along every day, so dont let this be the one that got away! Please respect the tenants privacy and do not walk the property or disturb them. Thank you.
Property Highlights
Price
$875,000
Property Type
Multi Family
Acres
0.16
Year Built
1903
Condition
Updated Remodeled
Location
Area
_143
County
Multnomah
Subdivision
WESTMORELAND/SELLWOOD
Zoning
R5
Property Details
Condition
Updated Remodeled
Price
$875,000
Property Type
Multi Family
Building
Total Area
2,054
Community
Community Features
All Landscaping
Local Schools
Elementary School
Llewellyn
High School
Cleveland
Middle School
Sellwood
Interior Features
Rooms and Basement
Basement Features
Full Basement, Unfinished
Area and Spaces
Number of Units
3
Interior Features
Security Features
Entry, Security Lights, Sidewalk
Heating and Cooling
Heating Features
Forced Air, Wall Heater
Building Details
Construction
Foundations
Concrete Perimeter
Year Built
1903
Materials
Roof
Composition
Terms
Terms
Special Terms
Cash, Conventional, FHA, Other, VALoan
Taxes
Tax
Tax (Annual)
$9,173
Heating, Cooling & Utilities
Utilities
Sewer
Public Sewer
Water Source
Public Water
Lot
Acres
0.16
Lot Features
Level
Lot Size Area Sq Ft
6,969
Parking
Parking Features
On Street
Listed by Soldera Properties, Inc.
Listing Data last updated 09/07/2024 08:17 AM
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Property History
29 days ago
Property information last updated
43 days ago
Status Active. This is the date the listing was placed on market.
44 days ago
Date Sold
NOTE: Cumulative Days on Market: 43.
Data provided by the MLS.
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Listed by Soldera Properties, Inc
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