501 SE 157TH AVE, Portland, OR 97233
501 SE 157TH AVE, Portland, OR 97233
501 SE 157TH AVE, Portland, OR 97233
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Listed by Windermere Realty Trust • 503-888-5191
$599,900
Est. payment /mo
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3,503 SqFt
Pending

501 SE 157TH AVE Portland, OR 97233

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Suzanne Clark Cambray

Suzanne Clark Cambray

+1(503) 806-9332

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 3,503 sqft

Price per Sqft $171

Subdivision Centennial

MLS Listing ID 785509330

Year Built 1947

Annual Tax Amount $9,789

Tax Year 2025

Lot Size 0.480 Acres

Property Description

Fantastic tri-plex opportunity with exceptional flexibility and income potential! Situated in the Centennial neighborhood on a rare, dividable 0.48-acre lot zoned RM1, this property offers a unique blend of current cash flow and future development possibilities. Each of the three units features 2 bedrooms and 1 bathroom, with updates completed to varying degrees. Units are equipped with central air conditioning, in-unit washers and dryers, electric or gas ranges, and free-standing refrigerators for tenant convenience. Unit 505 showcases wood flooring, black appliances, a cozy fireplace with brick surround, and a stackable washer and dryer. Unit 511 offers distinctive Spanish tile in the kitchen, stainless steel appliances, gas cooking, a carpeted living room with a woodstove, a full-size washer and dryer, and a relaxing soaking tub. Unit 513, located on the lower level, features laminate wood flooring, white appliances, a built-in microwave, and a soaking tub. Residents enjoy access to shared outdoor spaces complete with a covered back patio, raised garden beds, and an inviting outdoor fireplace. The expansive, level backyard provides ample room for gardening, recreation, or future expansion. Additional highlights include two rentable garages for added income and driveway parking for at least six vehicles. Whether you're looking to subdivide and build, maintain as an income-producing property, or create a multi-generational living compound, this property offers endless possibilities in a prime location.

Location

State OR

County Multnomah

Community Alllandscaping, Centralair, Commons

Area _143

Zoning RM1

Interior

Heating Forced Air

Cooling Central Air

Exterior

Garage Spaces 2.0

Community Features AllLandscaping, CentralAir, Commons

Roof Type Composition

Garage No

Building

Lot Description Level

Story 2

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

Regional Multiple Listing Service (RMLS)

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Suzanne Clark Cambray

Suzanne Clark Cambray

Your Trusted Advisor, Licensed Principal Broker in OR & NY License ID: 200608182

+1(503) 806-9332

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501 SE 157TH AVE