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408 SE 99TH Ave

Portland, OR 97216
  • $495,000
  • STATUS: Active
  • ON SITE: 35 Days
  • MLS #: 295480407
Price Reduced
UPDATED: 4 min ago
$495,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1941
County:

School Information

Elementary School:
Middle School:
High School:

Description

***Ask About the 5.25% Assumable Rate***Freshly renovated triplex in a prime location with quick easy access to I-205. This versatile investment property offers a well-balanced unit mix: one 2-bedroom/1-bath unit and two 1-bedroom/1-bath units. Unit A has been fully renovated, while Units B and C provide an excellent value-add opportunity. With one unit currently vacant, this is a perfect option for an owner-occupant looking to take advantage of a low down payment loan while generating rental income. Don't miss this opportunity to own a high-potential, well-located investment property!

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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 2025-04-21T19:52:49.127.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/161535660
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408 SE 99TH Ave Portland, OR 97216

  • Price: $495,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 4 min ago
  • MLS #: 295480407
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1941
Built
Neighborhood:
143-Portland Southeast
County:
Multnomah
Area:
143-Portland Southeast
Elementary School:
Cherry Park
Middle School:
Floyd Light
High School:
David Douglas
Property Description
***Ask About the 5.25% Assumable Rate***Freshly renovated triplex in a prime location with quick easy access to I-205. This versatile investment property offers a well-balanced unit mix: one 2-bedroom/1-bath unit and two 1-bedroom/1-bath units. Unit A has been fully renovated, while Units B and C provide an excellent value-add opportunity. With one unit currently vacant, this is a perfect option for an owner-occupant looking to take advantage of a low down payment loan while generating rental income. Don't miss this opportunity to own a high-potential, well-located investment property!
Exterior Features

Attached Garage YN No Exterior Description Cedar Wood Siding Foundation Details Concrete Perimeter Lot Features Level On Busline Parking Features Driveway Off Street Road Surface Type Paved Roof Composition View Description Seasonal View YN Yes

Interior Features

Cooling YN No Heating Forced Air Heating YN Yes

Property Features

Association YN No Bank Owned YN No Fuel Description Electricity Green Certification YN No Gross Income 35700 Hot Water Description Electricity IDXAddress Display YN Yes Listing Terms Assumable Cash Conventional Net Operating Income 35700 Operating Expense 0 Property Attached YN No Rent Includes Sewer Water Sewer Public Sewer Short Sale YN No Tax Annual Amount 4783.43 Tax Year 2024 Water Source Public Water Zoning EG1

Listing provided courtesy of SMI Commercial Real Estate LLC: .


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 2025-04-21T19:52:49.127.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