121 SE 30TH PL

Portland, 97214

  • 6 Bed

  • 4 Bath

  • 3240 SqFt

  • 85 DOM

  • Built: 1965

  • Status: Active

$1,195,000

Price cut: $5K (06-06-2025)

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121 SE 30TH PL

Portland 97214

$1195000

Price cut: $5K (06-06-2025)

  • 6 Bed

  • 4 Bath

  • 3240 SqFt

  • 85 DOM

  • Built: 1965

  • Status: Active

Krishna Regupathy

Principal Broker

(503) 893-8874

What are you waiting for? Come see this solid investment in a desirable location. Mid-century 4 Plex with variety of units for rich returns. Lots of opportunity to increase return on investment with this buy. Estimated NEW 6.33 Cap Rate could be easy to reach based on market rents on newly updated units. Updates done in 2025 include (in some or all vacant units) interior paint, kitchen and bathroom fans and fixtures, lighting, flooring, cadet heaters. Four units + 3 separate garage leases creates multiple income streams. #121 - 1 bed/1 bath, hardwood floors. #123 - 2 bed/1 bath hardwoods. #125 3 bed/2 bath New LVP flooring thoughout. #127 2 bed/1 bath bamboo floors + new carpet in bedrooms. Low-e vinyl windows, double closets, tub + showers, on-site coin-op laundry. Additional income on 3 separately leased garage spaces ($190, $190, $215). Located in the central eastside Kerns neighborhood smack dab in the middle of it all. Your favorite everything is just around the corner. Walk score = 96, bike score = 90. Walkers/bikers paradise! Lots of action + a desirable area to dwell for those drawn to the ease of living near work, food and fun, with many nearby parks.

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