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Brian Gass

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

Listed by:Savi Realty • Gabe Terreson

$345,000

Est. payment - /mo

4 Beds

2 Baths

1,344 SqFt

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Open House

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

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,344 sqft

Price per Sqft $256

Subdivision Oregon

MLS Listing ID 2530866

Style 52 - Duplex

Bedrooms 4

Year Built 1942

Annual Tax Amount $5,720

Lot Size 9,010 Sqft

Property Sub-Type Multi Family

Property Description

This duplex is offered as part of a 13-property, 43-unit residential portfolio that is 98% leased and primarily located throughout Southeast and Northeast Portland. The portfolio will be sold via Sealed Bid Auction on June 3, 2026.The property is a leased duplex located at the end of SE Rhone on a 9,010± sq. ft. lot. Built in 1942, both units feature 2 bedrooms and 1 bathroom and have been well maintained by the seller. There is an opportunity to acquire the adjacent property—also owned by the seller—which includes two leased homes, one vacant studio, and additional land that may support development of a duplex, creating potential for added scale and value. Projected 2026 gross income is $33,060, with real estate taxes of $5,720. Landlord currently pays water, sewer, trash, and landscaping. This offering provides stable in-place income with the potential to expand and enhance long-term returns in a desirable Southeast Portland location.

Location

State OR

County Multnomah

Area 2000 - Oregon

Interior

Fireplace false

Exterior

Exterior Feature Cement Planked

Garage Spaces 2.0

View Y/N No

Roof Type Composition

Building

Sewer Sewer Connected

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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8928 SE Rhone ST Portland, OR 97266

Brian Gass

Open House

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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