Bought with Real Estate Performance Group
$670,000
$695,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
5,148 SqFt
SOLD DATE : 08/28/2026
Key Details
Sold Price $670,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,148 sqft
Price per Sqft $130
Subdivision Lents
MLS Listing ID 593286951
Sold Date 08/28/26
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP


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





