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Lisa Mehlhoff

lisapdxhomes@gmail.com +1(503) 490-4888

Listed by Realty Marketing / Northwest

Est. payment | -/mo

1,344 SqFt

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Est. payment | -/mo

Save Virtual Tour

1,344 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,344 sqft

Subdivision Lents

MLS Listing ID 742052109

Year Built 1942

Annual Tax Amount $5,720

Tax Year 2025

Lot Size 9,147 Sqft

Property Description

This duplex is offered as part of a 13-property, 43-unit residential portfolio that is 98% leased and primarily located throughout Southeast and Northeast Portland. The portfolio will be sold via Sealed Bid Auction on June 3, 2026.The property is a leased duplex located at the end of SE Rhone on a 9,010± sq. ft. lot. Built in 1942, both units feature 2 bedrooms and 1 bathroom and have been well maintained by the seller. There is an opportunity to acquire the adjacent property—also owned by the seller—which includes two leased homes, one vacant studio, and additional land that may support development of a duplex, creating potential for added scale and value. Projected 2026 gross income is $33,060, with real estate taxes of $5,720. Landlord currently pays water, sewer, trash, and landscaping. This offering provides stable in-place income with the potential to expand and enhance long-term returns in a desirable Southeast Portland location.

Location

State OR

County Multnomah

Area _143

Zoning RM1

Interior

Heating Forced Air

Exterior

View Territorial

Roof Type Composition

Garage No

Building

Lot Description Level, Public Road

Story 1

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Clark

Middle Schools Harrison Park

High Schools Leodis Mcdaniel

Others

Acceptable Financing Cash, Contract

Listing Terms Cash, Contract

Virtual Tour https://youtu.be/I0s9WZiImcQ

Regional Multiple Listing Service (RMLS)

Nearby Locations

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+1(503) 490-4888

lisapdxhomes@gmail.com

2175 NW Raleigh St, Portland, OR, 97210, USA

8928 SE RHONE ST Portland, OR 97266

Lisa Mehlhoff

Key Details

Location

Interior

Exterior

Building

Schools

Others

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8928 SE RHONE ST