- ADDRESS:
- 1542 SE MALDEN ST Portland, OR 97202
- Videos:
- Virtual Tour Print this Listing
- Virtual Tour 2 Print this Listing
- Price:
- $875,000
- Units:
- 3
- Acres:
- 0.16
- Unit 1:
-
1 Bed
1.0 Bath
$1,295/mo
Features: Deck, Dishwasher, Refrigerator, Washer/Dryer - Unit 2:
-
1 Bed
1.0 Bath
$1,395/mo
Features: Deck, Dishwasher, Refrigerator, Washer/Dryer - Unit 3:
-
2 Bed
1.0 Bath
$2,050/mo
Features: Washer/Dryer - MLS#:
- 24229575
- Lot Size:
- 5,000 to 6,999 SqFt
- Type:
- Multi
- Zone:
- R5
- Yr Built:
- 1903
- Taxe/yr:
- $9,173.05
- County:
- Multnomah
- Status:
- Active
- Levels:
- 2
- Heat:
- Forced Air, WallHeater
- Nhood/Bldg:
- WESTMORELAND/SELLWOOD
- Elem:
- Llewellyn
- Middle:
- Sellwood
- High:
- Cleveland
- Lot Desc:
- Level
- Area:
- Portland Southeast
- Courtesy of:
- Soldera Properties, Inc
- Remarks:
- Turnkey triplex in the heart of Sellwood has been owned, managed, and lovingly maintained by locals, who can tell you from experience you won’t 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 & 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 don’t come along every day, so don’t let this be the one that got away! Please respect the tenants privacy and do not walk the property or disturb them. Thank you.