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Lisa Mehlhoff

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

Listed by Township Properties Real Estate LLC

$ 695,000

Est. payment | -/mo

5,148 SqFt

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$ 695,000

Est. payment | -/mo

Save

5,148 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 5,148 sqft

Price per Sqft $135

Subdivision Lents

MLS Listing ID 593286951

HOA Y/N No

Year Built 1973

Annual Tax Amount $14,396

Tax Year 2025

Lot Size 0.350 Acres

Property Description

CONTRACT TERMS! 5% INTEREST, 30% DOWN, 30 YEAR AMORTIZATION WITH A 5 YEAR BALLOON. Exceptional investment opportunity featuring six well-maintained units configured as three duplexes on a single tax lot. This property offers an attractive combination of stable cash flow, future upside, and favorable seller financing. Each unit features sought-after amenities including washer/dryer hookups, fireplaces, and private patios, providing comfort and convenience that appeal to long-term tenants. The property also offers ample off-street parking, a valuable amenity in today's rental market. Close to MAX Light Rail, buslines and shopping. Located in the vibrant Lents neighborhood, "an up-and-coming area & one of the new hotspots in Portland" according to PortlandNeighborhood.com. Lents is widely recognized for its ongoing growth, revitalization, and increasing popularity, this property is well-positioned to benefit from continued demand. With potential for rent increases, investors have the opportunity to enhance returns over time. Adding to the appeal, the Seller is willing to offer contract terms with below-market interest rates, creating an outstanding financing opportunity that can improve cash flow and reduce borrowing costs compared to conventional financing. Whether you're looking to expand your portfolio or complete a 1031 exchange, this is a rare chance to acquire a quality multifamily asset with strong income potential, attractive financing, and long-term upside.

Location

State OR

County Multnomah

Community Alllandscaping

Area _143

Zoning R1

Rooms

Basement Crawl Space

Interior

Heating Baseboard

Cooling None

Exterior

Community Features AllLandscaping

Roof Type Composition

Garage No

Building

Lot Description Level, Public Road

Story 1

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Marysville

Middle Schools Kellogg

High Schools Franklin

Others

Acceptable Financing Cash, Contract, Conventional, OwnerWillCarry

Listing Terms Cash, Contract, Conventional, OwnerWillCarry

Regional Multiple Listing Service (RMLS)

Nearby Locations

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

+1(503) 490-4888

lisapdxhomes@gmail.com

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

8924 SE ELLIS ST Portland, OR 97266

Lisa Mehlhoff

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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8924 SE ELLIS ST