12011 SE MARKET ST, Portland, OR 97216
12011 SE MARKET ST, Portland, OR 97216
12011 SE MARKET ST, Portland, OR 97216
12011 SE MARKET ST, Portland, OR 97216
12011 SE MARKET ST, Portland, OR 97216
12011 SE MARKET ST, Portland, OR 97216
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Jerrel Thomas

Jerrel Thomas

+1(503) 850-9404
Listed by The Agency Portland
$ 609,000
Est. payment | /mo

0.26 Acres Lot

Save
$ 609,000
Est. payment | /mo
Save

0.26 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Triplex 12011 -12017 Se Market

MLS Listing ID 646112361

Year Built 1961

Annual Tax Amount $6,963

Tax Year 2025

Lot Size 0.260 Acres

Property Description

Extensively updated Portland, Oregon triplex offering an excellent opportunity for multifamily investors, owner occupants, and buyers seeking an income producing rental property with future upside. This three unit investment property features long term tenants, strong rental history, significant capital improvements, and documented potential for increased rents as units transition toward market rates. Major improvements completed in 2023 and 2024 include new electrical meters for all three units, exterior paint, soffits, gutters, landscaping, concrete walkways, quartz countertops, refinished hardwood floors, interior paint, updated fixtures, and select new appliances. One spacious unit includes a private patio, bonus room or office, and attached garage. The additional two units each feature oversized private storage rooms approximately 20 x 5 feet. All three units offer designated off street parking, plus visitor parking and shared outdoor space. Financials, leases, and detailed improvement list available upon request. Potential owner occupied multifamily opportunity. Please do not disturb tenants.

Location

State OR

County Multnomah

Area _143

Zoning R3A

Rooms

Basement Crawl Space

Interior

Heating Baseboard

Cooling Wall Unit

Exterior

Garage Spaces 1.0

Roof Type Composition

Garage No

Building

Lot Description Level

Story 1

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Ventura Park

Middle Schools Floyd Light

High Schools David Douglas

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

Regional Multiple Listing Service (RMLS)

Nearby Locations

Jerrel Thomas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 850-9404

jthomas@ascentnw.com

2175 NW Raleigh St Ste 110, Portland, OR, 97210, USA

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12011 SE MARKET ST