Rare Sellwood/Moreland 5-Plex with Value-Add and Development Potential.Exceptional opportunity in the highly sought-after Sellwood/Moreland neighborhood—just minutes from parks, schools, shops, and public transit. This well-located 5-plex offers multiple paths for income growth and future development.One unit is currently vacant and being renovated, allowing a new owner the flexibility to occupy the unit or lease it at full market rent. The unfinished basement offers additional upside, with a layout suitable for conversion into a 6th unit (see floor plan in photos)—potentially increasing total annual rental income by over 22%.Situated on a spacious lot with RM1 zoning, the property provides development opportunities to add up to 10 additional units (buyer to verify). The exterior was freshly painted in August, and the low-maintenance yard features open grassy areas for tenants to enjoy outdoor activities.This property presents multiple avenues for value-add improvements, increased cash flow, and long-term development potential in one of Portland’s most desirable rental markets.Please do not disturb tenants. All offers subject to interior inspection.
Listing Provided Courtesy of Jason Maycumber, Redfin
General Information
389001689
45
DOM
5
10018.8 SqFt
5
3309
1909
R2
Multnomah
R268008
Duniway 6/10
Sellwood 8/10
Cleveland 5/10
MultiFamily
SELLWOOD, BLOCK 106, LOT 12&13
Listing Provided Courtesy of Jason Maycumber, Redfin
Krishna Realty data last checked: Oct 31, 2025 18:53 | Listing last modified Oct 24, 2025 13:08,
Source:
Rare Sellwood/Moreland 5-Plex with Value-Add and Development Potential.Exceptional opportunity in the highly sought-after Sellwood/Moreland neighborhood—just minutes from parks, schools, shops, and public transit. This well-located 5-plex offers multiple paths for income growth and future development.One unit is currently vacant and being renovated, allowing a new owner the flexibility to occupy the unit or lease it at full market rent. The unfinished basement offers additional upside, with a layout suitable for conversion into a 6th unit (see floor plan in photos)—potentially increasing total annual rental income by over 22%.Situated on a spacious lot with RM1 zoning, the property provides development opportunities to add up to 10 additional units (buyer to verify). The exterior was freshly painted in August, and the low-maintenance yard features open grassy areas for tenants to enjoy outdoor activities.This property presents multiple avenues for value-add improvements, increased cash flow, and long-term development potential in one of Portland’s most desirable rental markets.Please do not disturb tenants. All offers subject to interior inspection.
