See all 41 photos

Listed by Rarebird Real Estate

$1,750,000

Est. payment - /mo

Save

9,072 SqFt

New

2940 SE BROOKLYN ST Portland, OR 97202

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,072 sqft

Price per Sqft $192

Subdivision Richmond

MLS Listing ID 274001977

Year Built 1959

Annual Tax Amount $25,455

Tax Year 2025

Lot Size 0.280 Acres

Property Description

A rare opportunity to acquire two immaculately maintained triplexes side by side in a highly sought-after Southeast Portland location. The properties are offered as a package and must sell and close together, giving a single owner immediate scale on one contiguous site.Every one of the six units is configured to attract and hold quality tenants. Each has its own private garage and its own private basement, accessible only to that tenant. Each has air conditioning. Hardwood floors run throughout. Most units have been updated, and new water service lines have been installed for both buildings.The grounds carry the same standard as the interiors. Impeccable landscaping, a beautiful shared courtyard, and a peaceful, established residential setting that keeps turnover low and tenant quality high.Operations are simple and expenses are light. Tenants pay their own water, sewer, and gas across all six units. The owner's only utility obligation is trash.In-place rents sit roughly 11% below market across the combined portfolio, delivering built-in upside as units turn naturally, without repositioning the asset or displacing tenants. Strong current income, minimal deferred maintenance, and a straightforward path to higher NOI.Assets of this size, condition, and configuration seldom come to market together in this submarket. The combined offering delivers small-portfolio efficiency with the tenant appeal of individual homes.Both properties must sell and close concurrently. All offers subject to interior inspection. Please do not disturb tenants.

Location

State OR

County Multnomah

Area _143

Zoning R5

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling Central Air

Exterior

Garage Spaces 6.0

Roof Type Composition,Shingle

Garage No

Building

Lot Description Private, Secluded

Story 1

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Grout

Middle Schools Hosford

High Schools Cleveland

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

Want to See This Home or Others Like It?

The best homes often sell quickly, and having a plan makes all the difference. Start with our Buyer Guide to understand the process, then schedule a consultation so we can build your strategy and get you in position to buy.

View Buyer Guide Schedule a Consultation