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1700 NE 231ST Ct

Wood Village, OR 97060
  • $898,000
  • STATUS: Active
  • MLS #: 169064549
New On Site Today
UPDATED: 76 min ago
$898,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,716
    SQFT
  • $331
    $/SQFT
Type:
Multi-Family
Built:
1980
County:

School Information

Elementary School:
Middle School:
High School:

Description

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.

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Listing content is copyright © 2025 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Coho Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-04-17T13:48:51.49.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Coho Realty and should be independently verified.
www.coho.realty/homes/162635663
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1700 NE 231ST Ct Wood Village, OR 97060

  • Price: $898,000
  • Status: Active
  • On Site: Today
  • Updated: 76 min ago
  • MLS #: 169064549
0
Beds
0
Baths
0
½ Baths
0.25
Acres
2,716
SQFT
$331
$/SQFT
1980
Built
Neighborhood:
144-Gresham/Sandy/Troutdale/Corbett
County:
Multnomah
Area:
144-Gresham/Sandy/Troutdale/Corbett
Elementary School:
Salish Ponds
Middle School:
Reynolds
High School:
Reynolds
Property Description
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.
Exterior Features

Attached Garage YN No Exterior Description Lap Siding Panel T111 Siding Foundation Details Concrete Perimeter Lot Features Cul_de_sac Parking Features Assigned Paved Parking Total 7 Road Surface Type Paved Roof Composition View YN No

Interior Features

Cooling None Cooling YN No Heating Forced Air Heating YN Yes

Property Features

Association YN No Bank Owned YN No Fuel Description Gas Green Certification YN No Gross Income 66288 Hot Water Description Electricity IDXAddress Display YN Yes Listing Terms Cash Conventional FHA VALoan Net Operating Income 54928 Operating Expense 11360 Property Attached YN No Property Condition Updated Remodeled Rent Includes Trash Collection Water Sewer Public Sewer Short Sale YN No Storage Individual Storage Units Tax Annual Amount 5057.3 Tax Year 2024 Water Source Public Water Zoning MR2

Listing provided courtesy of RE/MAX Equity Group: .


Listing content is copyright © 2025 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Coho Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-04-17T13:48:51.49.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Coho Realty and should be independently verified.
 
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Coho Realty
500 Liberty St SE, Suite 410
Salem OR, 97301