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Additional details
Listed by John L. Scott Sandy
$ 649,950
Est. payment /mo
Price Dropped by $20K
503 SE 157TH AVE Portland, OR 97233
3,012 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,012 sqft
Price per Sqft $215
MLS Listing ID 636873764
HOA Y/N No
Year Built 2010
Annual Tax Amount $5,438
Tax Year 2025
Lot Size 4,356 Sqft
Property Description
Investor-ready duplex offering strong value-add potential. Each unit features 3 bedrooms and 2.5 baths with a spacious primary suite, private fenced yard, and dedicated single-car garage—an ideal setup for long-term tenant retention. Well-equipped kitchens include range, dishwasher, microwave hood, refrigerator, and washer/dryer hookups; at least one unit currently includes a washer and dryer. Rents are historically below market with reliable long-term tenants in place, presenting an excellent opportunity to increase cash flow. Current rent comparisons support potential rents of approximately $2,295 per unit per month. Please do not disturb tenants. *Interior photos are of the vacant unit next door at 15650 SE Stark St. Seller holds an active Real Estate License in OR.
Location
State OR
County Multnomah
Area _143
Zoning RM1
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Exterior
Garage Spaces 2.0
Roof Type Composition
Garage No
Building
Lot Description Corner Lot, Level, On Busline
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Parklane
Middle Schools Oliver
High Schools Centennial
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
Amenities & Attractions