Once-in-a-lifetime investment opportunity! This 5-plex features five charming units, perfectly situated on "Pill Hill." Conveniently located near Oregon Health Sciences University (OHSU). Comprising four cozy studios and one inviting one-bedroom, this property presents a fantastic opportunity for value-add improvements. With current rents below market, there's a bright potential for increased income in this highly desirable area, known for its strong demand from OHSU employees and students. All units are conveniently located on the ground floor, with a basement providing space for laundry and water heaters. Each unit is separately metered for electricity and natural gas, with tenants responsible for their utilities. The driveway offers easy access and parking for one vehicle or multiple motorcycles, and it could be transformed into additional storage or amenity space, boosting rental appeal and overall value. Property is zoned RM3, creating an opportunity to develop. Retaining wall requires significant updates and repairs. Please reach out to listing agent for more information.
Listing Provided Courtesy of Matt Murray, Cascade Hasson Sotheby's International Realty
General Information
358980332
1
DOM
5
5227.2 SqFt
5
2309
1943
RM3
Multnomah
R247230
Ainsworth
West Sylvan
Lincoln
MultiFamily
PORTLAND CITY HMSTD, BLOCK 60, W OF CO ST NO 1101, S 15' OF LOT 3
Listing Provided Courtesy of Matt Murray, Cascade Hasson Sotheby's International Realty
Krishna Realty data last checked: Jun 27, 2025 07:01 | Listing last modified Jun 26, 2025 18:03,
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Residence Information
2309
5
5
Composition
Driveway
1
1943
No
WoodSiding
ExteriorEntry
ExteriorEntry
Other
Features and Utilities
None
Gas
ForcedAir
PublicSewer
Gas
Gas
Financial
11166.4
0
TrashCollection
Cash
06-26-2025
No
No
Comparable Information
1
1
Cash
$250,000
$250,000
Jun 26, 2025 18:03
Schools
Elementary : AinsworthN/ARatings Middle : West Sylvan N/ARatings High : LincolnN/ARatings
Map
Listing courtesy of Cascade Hasson Sotheby's International Realty.
Once-in-a-lifetime investment opportunity! This 5-plex features five charming units, perfectly situated on "Pill Hill." Conveniently located near Oregon Health Sciences University (OHSU). Comprising four cozy studios and one inviting one-bedroom, this property presents a fantastic opportunity for value-add improvements. With current rents below market, there's a bright potential for increased income in this highly desirable area, known for its strong demand from OHSU employees and students. All units are conveniently located on the ground floor, with a basement providing space for laundry and water heaters. Each unit is separately metered for electricity and natural gas, with tenants responsible for their utilities. The driveway offers easy access and parking for one vehicle or multiple motorcycles, and it could be transformed into additional storage or amenity space, boosting rental appeal and overall value. Property is zoned RM3, creating an opportunity to develop. Retaining wall requires significant updates and repairs. Please reach out to listing agent for more information.
