This single-family home has been reimagined into three separate living spaces, all of which are fully permitted and approved for year-round short-term rental use. While not permitted as a triplex, the property operates legally and successfully as an Airbnb, offering incredible flexibility and consistent performance. With proven, high occupancy rates and financials accurately reflected in RMLS from the past year of operation, this is a true cash-flow powerhouse. Currently operating as an Airbnb, the property generates $115,000 in annual revenue, with approximately $30,000 in expenses, netting an impressive $85,000 per year. At the $850,000 asking price, that equates to a 10%+ cap rate based on actual performance—rare to find in today’s Portland market. The interiors have been thoughtfully renovated and come fully furnished—every piece of furniture and fixture is included in the sales price, making this an effortless, turnkey investment. Whether you choose to live in one unit and let the other two offset your living costs, or maximize returns by renting the entire property, this is a standout opportunity in the heart of SW Portland. Don’t miss out on this exceptional, income-producing property with strong returns and unbeatable flexibility!
Listing Provided Courtesy of Jacob Serrill, Kelly Right Real Estate of Portland, LLC
General Information
533610492
SingleFamilyResidence
41
DOM
3
4791.6 SqFt
3
1661
1931
Multnomah
R302142
Capitol Hill 7/10
Jackson 8/10
Ida B Wells
Residential
SingleFamilyResidence
WEST PORTLAND, BLOCK 72, LOT 5-8 TL 4100
Listing Provided Courtesy of Jacob Serrill, Kelly Right Real Estate of Portland, LLC
Krishna Realty data last checked: Dec 05, 2025 18:55 | Listing last modified Oct 28, 2025 15:04,
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Residence Information
0
1661
0
1661
Owner
1661
3
3
0
3
Composition
Stories1,Bungalow
Driveway
1
1931
No
ShakeSiding
PartialBasement,Unfinished
PartialBasement,Unfi
ConcretePerimeter
Features and Utilities
BuiltinOven, Cooktop, Dishwasher, ENERGYSTARQualifiedAppliances, FreeStandingRefrigerator, Microwave, Rang
This single-family home has been reimagined into three separate living spaces, all of which are fully permitted and approved for year-round short-term rental use. While not permitted as a triplex, the property operates legally and successfully as an Airbnb, offering incredible flexibility and consistent performance. With proven, high occupancy rates and financials accurately reflected in RMLS from the past year of operation, this is a true cash-flow powerhouse. Currently operating as an Airbnb, the property generates $115,000 in annual revenue, with approximately $30,000 in expenses, netting an impressive $85,000 per year. At the $850,000 asking price, that equates to a 10%+ cap rate based on actual performance—rare to find in today’s Portland market. The interiors have been thoughtfully renovated and come fully furnished—every piece of furniture and fixture is included in the sales price, making this an effortless, turnkey investment. Whether you choose to live in one unit and let the other two offset your living costs, or maximize returns by renting the entire property, this is a standout opportunity in the heart of SW Portland. Don’t miss out on this exceptional, income-producing property with strong returns and unbeatable flexibility!
