3002 SE BROOKLYN ST, Portland, OR 97202
- $875,000
- 2,736
- SqFt
- List Price
- $875,000
- Days on Market
- 1
- MLS#
- 715983655
- Property Type
- Multifamily
- Sqft. of Residence
- 2,736
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Portland Southeast
- Status
- ACTIVE
Property Description
A rare offering in one of Southeast Portland's most established rental corridors: a well-cared-for triplex sold together with the adjacent triplex, creating a six-unit package under single ownership. Both buildings must close concurrently.What separates these units from typical Portland triplexes is the private space. Every unit comes with its own garage and its own basement, accessible to that tenant alone. Add central air conditioning and original hardwood floors in each unit, and these rent like single-family homes rather than apartments.Most units have already been updated. New water service lines have been run to the building. Landscaping is meticulously kept, and the shared courtyard gives the property a calm, residential character that keeps turnover low and referrals steady.The expense structure favors ownership. Water, sewer, and gas are all billed directly to tenants. Trash is the owner's only utility obligation.In-place rents are running roughly 10.63% under market, leaving clear organic upside as units turn. Combined with light operating costs and minimal deferred maintenance, the result is a stabilized asset with room to grow NOI without a heavy capital plan.Location, condition, and unit configuration rarely line up like this at this size.Must sell in conjunction with the neighboring triplex. All offers subject to interior inspection. Please do not disturb tenants.
Additional Information
- Tax Amount
- $12,727
- Year Built
- 1959
- High School
- Cleveland
- Elementary School
- Grout
- Middle School
- Hosford
- Garage Spaces
- 3
- Acres
- 0.14
- Living Area
- 2,736
- Stories
- 1
- Subdivision
- RICHMOND
- Terms
- Cash, Conventional
- Cooling Description
- Central Air
- Fuel Description
- Gas
- Heating Description
- Forced Air
- Hoa Rent Includes
- Trash Collection
- Hot Water Description
- Gas
- Exterior Description
- Stucco
- Roof Type
- Composition, Shingle
- Sewer Description
- Public Sewer
- Parking
- Attached, Garage
- Parking Description
- Attached, Garage
- Road Surface
- Paved
- Number Of Units Total
- 3
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 2299
- Unit Type One Sq Ft
- 1596
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 2195
- Unit Type Three Sq Ft
- 1356
- Unit Type Three Units Total
- 1
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Listing courtesy of Rarebird Real Estate.
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