503 SE 157TH AVE, Portland, OR 97233
503 SE 157TH AVE, Portland, OR 97233
503 SE 157TH AVE, Portland, OR 97233
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Mike Farrell

Mike Farrell

+1(360) 910-1926
Listed by John L. Scott Sandy
$1,299,900
Est. payment /mo
6,076 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,076 sqft

Price per Sqft $213

MLS Listing ID 563101202

Year Built 2010

Annual Tax Amount $12,513

Tax Year 2025

Lot Size 4,356 Sqft

Property Description

Investor-ready duplex offering strong value-add potential. Each unit features 3 bedrooms and 2.5 baths with a spacious primary suite, private fenced yard, and dedicated single-car garage—an ideal setup for long-term tenant retention. Well-equipped kitchens include range, dishwasher, microwave hood, refrigerator, and washer/dryer hookups; 3 of the 4 units include a washer and dryer. Rents are historically below market with reliable long-term tenants in place, presenting an excellent opportunity to increase cash flow. Current rent comparisons support potential rents of approximately $2,295 per unit per month. Please do not disturb tenants. *Interior photos are of the vacant unit at 15650 SE Stark St.

Location

State OR

County Multnomah

Area _143

Zoning RM1

Rooms

Basement Crawl Space

Interior

Heating Forced Air

Exterior

Garage Spaces 4.0

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Level, On Busline

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Parklane

Middle Schools Oliver

High Schools Centennial

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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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

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503 SE 157TH AVE