1700 NE 231ST CT, Wood Village, OR 97060
1700 NE 231ST CT, Wood Village, OR 97060
1700 NE 231ST CT, Wood Village, OR 97060
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
Mike Farrell

Mike Farrell

+1(360) 910-1926
Listed by RE/MAX Equity Group
$839,900
Est. payment /mo
2,716 SqFt
Save

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,716 sqft

Price per Sqft $309

MLS Listing ID 211596624

HOA Y/N No

Year Built 1980

Annual Tax Amount $5,359

Tax Year 2025

Lot Size 10,890 Sqft

Property Description

Portland Area Investors!! Are you looking for an investment property with great cash flow that pencils out to an excellent cap rate of 6.49, AND isn't impacted by City of Portland rental laws? This Wood Village triplex is in a great location and has been exceptionally well cared for. The large .25-acre lot is on a quiet cul-de-sac with quick access to I-84, bus lines, public parks, dining, retail and outlet shopping. Recent investment of approximately $25K in improvements. The units have all benefited from interior updates intended to keep maintenance costs low. Each one level 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. This is a unique opportunity to obtain a high-quality investment property that has been in the same ownership for over 40 years. Please write offer subject to full inspection. Do not walk property or disturb renters.

Location

State OR

County Multnomah

Area _144

Zoning MR2

Rooms

Basement None

Interior

Heating Forced Air

Cooling None

Exterior

Roof Type Composition

Garage No

Building

Lot Description Cul_de_sac

Story 1

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Salish Ponds

Middle Schools Reynolds

High Schools Reynolds

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

Read Less Info
Regional Multiple Listing Service (RMLS)

Nearby Locations

Mike Farrell

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(360) 910-1926

mikehomecenter@gmail.com

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Mike Farrell, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

1700 NE 231ST CT