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Brian Gass

brian@1realty.com +1(360) 201-0908

Listed by:Savi Realty • Gabe Terreson

$775,000

Est. payment - /mo

8 Beds

3 Baths

0.44 Acres Lot

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Open House

Sat May 30, 10:00am - 12:00pm

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Oregon

MLS Listing ID 2530036

Style 53 - Tri-plex

Bedrooms 8

Year Built 1927

Annual Tax Amount $10,008

Lot Size 0.436 Acres

Property Sub-Type Multi Family

Property Description

These homes are offered together as part of a 13-property, 43-unit residential portfolio that is 98% leased, primarily located in Southeast and Northeast Portland, and will be sold via Sealed Bid Auction on June 3, 2026.This offering includes three leased single-family homes situated on an 18,975± sq. ft. corner tax lot at SE 98th and SE Clinton, just east of I-205 near the SE Division Street exit in the Powellhurst-Gilbert neighborhood. The RM1 zoning allows for additional development, with a vacant portion of the lot providing potential for a duplex or fourplex.Two of the homes feature three bedrooms and one bathroom, while the corner home offers two bedrooms and one bathroom. Built in the late 1920s, all three homes have been well maintained by the seller. Two tenants have occupied their units for over two years on month-to-month leases, and one tenant is on a fixed-term lease. Projected 2026 gross income is $70,344, with real estate taxes of $10,008. The landlord covers trash service.This property offers a rare opportunity to acquire multiple income-producing homes with stable tenancy and future development potential on a single tax lot.

Location

State OR

County Multnomah

Area 2000 - Oregon

Interior

Fireplace false

Exterior

Exterior Feature Wood

Garage Spaces 3.0

View Y/N No

Roof Type Composition

Building

Sewer Sewer Connected

Water Public

New Construction No

Schools

High Schools Leodis V. Mcdaniel High

School District Portland Public

Others

Senior Community No

Acceptable Financing Cash, Conventional, See Remarks

Listing Terms Cash, Conventional, See Remarks

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Brian Gass

+1(360) 201-0908

Designated Broker | License ID: 26737

Designated Broker License ID: 26737

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9726 SE Clinton ST Portland, OR 97266

Brian Gass

Open House

Key Details

Location

Interior

Exterior

Building

Schools

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Nearby School & Business

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