eXp Realty, LLC
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listing
1 of 48
Multifamily
$835,000
1542 Se Malden St
Portland, OR 97202
Listing Provided Courtesy of Soldera Properties, Inc
MLS: Regional Multiple Listing Service (RMLS)
2,054Sq Ft
Est. Mortgage
$4,410/mo

Historic triplex in the heart of Sellwood has been lovingly managed and maintained by locals. You won’t find a better spot to own investment property. Just a short distance from everything Westmoreland/Sellwood has to offer, from coffee shops, restaurants, a theater, bike shops, vintage stores, gift shops and yoga studios to nearby access to the Willamette River & Oaks Bottom Wildlife Refuge. Just a short hop to OHSU and minutes from downtown Portland, Milwaukie, or Lake Oswego. The main floor 2-bedroom features high ceilings and vintage details with a fantastic floorplan, an expansive front porch, quaint back porch off the kitchen for access to the spacious, fenced backyard and a slider off the bedroom to a private deck. Ultra-livable 1-bedroom upstairs units are light and bright, with open kitchens, ample storage and a picturesque, covered balcony for relaxing outdoors. Tall crawlspace for storage or future development. The exterior is well maintained, with cedar wood siding, some fresh paint and a newer roof. All units have double-pane vinyl windows, updated plumbing & electrical and washers/dryers. This beautiful gem draws quality long-term tenants, provides great rental income and has almost zero vacancy, plus could be an excellent owner-occupied investment. Large lot with natural landscaping provides enjoyment for nature lovers and the friendly neighborhood vibe makes this rental feel like home. The R5 zoning should allow for more units (buyer to do their own due diligence regarding density/city codes). Opportunities like this don’t come along every day! The largest unit is vacant so you can pick your own tenants and upgrade to your liking. Please respect the tenants privacy, do not walk the property without an appointment or disturb them. Thank you.

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Information courtesy of Soldera Properties, Inc is subject to verification and is not guaranteed.
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