501 SE 157TH AVE

Portland, 97233

  • 6 Bed

  • 3 Bath

  • 3503 SqFt

  • 1 DOM

  • Built: 1947

  • Status: Active

$599,900

X

501 SE 157TH AVE

Portland 97233

$599900

  • 6 Bed

  • 3 Bath

  • 3503 SqFt

  • 1 DOM

  • Built: 1947

  • Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

Whether you're looking to subdivide and build, maintain as an income-producing property, or create the perfect multi-generational living compound, this property offers endless possibilities in a prime location. Fantastic tri-plex with exceptional flexibility and income potential! Situated in the Centennial neighborhood on a rare, dividable 0.48-acre lot zoned RM1, this property offers a unique blend of current cash flow and future development possibilities. Each of the three units features 2 bedrooms and 1 bathroom, with updates completed to varying degrees. Units are equipped with central air conditioning, in-unit washers and dryers, electric or gas ranges, and free-standing refrigerators for tenant convenience. Unit 505 showcases wood flooring, black appliances, a cozy fireplace with brick surround, and a stackable washer and dryer. Unit 511 offers distinctive Spanish tile in the kitchen, stainless steel appliances, gas cooking, a carpeted living room with a woodstove, a full-size washer and dryer, and a relaxing soaking tub. Unit 513, located on the lower level, features laminate wood flooring, white appliances, a built-in microwave, and a soaking tub. Residents enjoy access to shared outdoor spaces complete with a covered back patio, raised garden beds, and an inviting outdoor fireplace. The expansive, level backyard provides ample room for gardening, recreation, or future expansion. Additional highlights include two rentable garages for added income and driveway parking for at least six vehicles.

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Residence Information

  • 0

  • 2244

  • 1259

  • 3503

  • PDX Maps

  • 2244

  • 2/Gas

  • 6

  • 3

  • 0

  • 3

  • Composition

  • 2, Detached

  • Stories2,CustomStyle

  • Driveway,OnStreet

  • 2

  • 1947

  • No

  • Brick

Features and Utilities

  • Fireplace

  • Dishwasher, FreeStandingGasRange, FreeStandingRange, FreeStandingRefrigerator, Microwave, StainlessSteelA

  • AccessoryDwellingUnit, LaminateFlooring, Laundry, SeparateLivingQuartersApartmentAuxLivingUnit, SoakingT

  • CoveredPatio, Garden, OutdoorFireplace, RaisedBeds, Yard

  • AccessibleApproachwithRamp, AccessibleEntrance, GroundLevel, OneLevel, UtilityRoomOnMain

  • CentralAir

  • Gas

  • ForcedAir

  • PublicSewer

  • Gas

  • Gas

Financial

  • 9789.34

  • 0

  • Cash,Conventional

  • 04-01-2026

  • 1595

  • No

  • No

Comparable Information

  • 1

  • 1

  • Cash,Conventional

  • $599,900

  • $599,900

  • Apr 01, 2026 11:09

Schools

public Elementary : Parklane 2/10 Ratings
public Middle : Oliver 5/10 Ratings
public High : Centennial 1/10 Ratings

Map

Listing courtesy of Windermere Realty Trust.

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: Apr 02, 2026 03:39 | Listing last modified Apr 01, 2026 11:09. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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