This hard-to-find one level triplex is exceptionally well cared for and in an excellent location. The large .25-acre lot is on a quiet cul-de-sac with quick access to I-84, bus lines, public parks, retail and outlet shopping. Minutes from savory food choices at The Fork and Troutdale Station food carts, along with fine dining and entertainment at Edgefield. Recent investment of approximately $25K in improvements. All units have benefited from interior updates intended to keep maintenance costs low. Each unit has a washer/dryer hookup, a fully fenced yard, and a covered patio. Two units have new storage sheds for renters' use. The numerous updates you'll find inside and out include new exterior paint in 2021, vinyl windows, LVP flooring, and even granite countertops & stainless-steel kitchen appliances in one unit. There are also 7 off street parking spaces. Current monthly rents total $5524 with a 6.1% cap rate. This is a rare opportunity to obtain a high-quality investment property that has been in the same ownership for over 40 years! Please write offer subject to inspection, and do not walk property or disturb renters.

Listing courtesy of Cindy Smith of RE/MAX Equity Group 5037032596



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 2025-04-19 10:45 AM PDT.

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