Portland, 97233
3 Bed
2 Bath
2200 SqFt
44 DOM
Built: 1956
$525,000
$525000
3 Bed
2 Bath
2200 SqFt
44 DOM
Built: 1956
Principal Broker
(503) 893-8874Turnkey Investment with High-Quality Tenant and strong Cash Flow. This is an ideal opportunity for investors seeking reliable, above-market income from day one. This well-maintained property lives like a duplex with two kitchens, two living areas, and a flexible layout including a lower-level suite with exterior access.The current long-term tenant runs an on-site licensed, state-funded childcare business. Government subsidies back the rent, offering consistent, guaranteed income. The tenant maintains the property well and is open to a long-term lease with built-in renewal options.Upgrades include a newer furnace, A/C, LVP flooring, an updated kitchen downstairs, newer appliances (fridge, dishwasher, washer/dryer), fresh interior/exterior paint, a covered deck, updated windows, a DEQ-certified oil tank decommission, and asbestos/lead paint clearance.Zoned residential and in a quiet neighborhood, this property offers strong immediate returns, minimal management, and a tenant who treats it like their own. It is perfect for investors seeking a high-performing, low-drama asset with long-term upside.
Listing Provided Courtesy of Drew Coleman, Opt
778131711
SingleFamilyResidence
44 DOM
3
9583.2 SqFt
2
2200
1956
Multnomah
R310591
Lincoln Park 6/10
Ron Russell
David Douglas 5/10
Residential
SingleFamilyResidence
WINVILLE, BLOCK 1, LOT 2
Listing Provided Courtesy of Drew Coleman, Opt
Krishna Realty data last checked: Aug 01, 2025 20:05 | Listing last modified Jun 30, 2025 11:07,
Source:
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0
1127
1073
2200
Owner
1127
2/Gas
3
2
0
2
Composition
1, Attached
DaylightRanch,Ranch
Driveway,OffStreet
2
1956
No
Cedar, ShakeSiding
ExteriorEntry,Finished,SeparateLivingQuartersApartmentAuxLivingUnit
ExteriorEntry,Finish
HardwoodFloors
Dishwasher, Disposal, FreeStandingRange
HardwoodFloors, Laundry, WalltoWallCarpet, WasherDryer
CoveredDeck, Fenced, ToolShed, Yard
CaregiverQuarters, MinimalSteps, Parking
CentralAir
Gas
ForcedAir
PublicSewer
Gas
Gas
5524.38
0
Cash,Conventional,FHA,VALoan
05-17-2025
No
No
44
76
Cash,Conventional,FHA,VALoan
$525,000
$525,000
Jun 30, 2025 11:07
Date | Event & Source | Price |
---|---|---|
05-17-2025 |
Active(Listed) MLS # 778131711 |
$525,000 |
Listing courtesy of Opt.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Krishna Realty data last checked: Aug 01, 2025 20:05 | Listing last modified Jun 30, 2025 11:07.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Principal Broker
(503) 893-8874Turnkey Investment with High-Quality Tenant and strong Cash Flow. This is an ideal opportunity for investors seeking reliable, above-market income from day one. This well-maintained property lives like a duplex with two kitchens, two living areas, and a flexible layout including a lower-level suite with exterior access.The current long-term tenant runs an on-site licensed, state-funded childcare business. Government subsidies back the rent, offering consistent, guaranteed income. The tenant maintains the property well and is open to a long-term lease with built-in renewal options.Upgrades include a newer furnace, A/C, LVP flooring, an updated kitchen downstairs, newer appliances (fridge, dishwasher, washer/dryer), fresh interior/exterior paint, a covered deck, updated windows, a DEQ-certified oil tank decommission, and asbestos/lead paint clearance.Zoned residential and in a quiet neighborhood, this property offers strong immediate returns, minimal management, and a tenant who treats it like their own. It is perfect for investors seeking a high-performing, low-drama asset with long-term upside.
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