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Listed by Rarebird Real Estate
$1,750,000
Est. payment /mo
9,072 SqFt
New
2940 SE BROOKLYN ST Portland, OR 97202
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,072 sqft
Price per Sqft $192
Subdivision Richmond
MLS Listing ID 274001977
Year Built 1959
Annual Tax Amount $25,455
Tax Year 2025
Lot Size 0.280 Acres
Property Description
A rare opportunity to acquire two immaculately maintained triplexes side by side in a highly sought-after Southeast Portland location. The properties are offered as a package and must sell and close together, giving a single owner immediate scale on one contiguous site.Every one of the six units is configured to attract and hold quality tenants. Each has its own private garage and its own private basement, accessible only to that tenant. Each has air conditioning. Hardwood floors run throughout. Most units have been updated, and new water service lines have been installed for both buildings.The grounds carry the same standard as the interiors. Impeccable landscaping, a beautiful shared courtyard, and a peaceful, established residential setting that keeps turnover low and tenant quality high.Operations are simple and expenses are light. Tenants pay their own water, sewer, and gas across all six units. The owner's only utility obligation is trash.In-place rents sit roughly 11% below market across the combined portfolio, delivering built-in upside as units turn naturally, without repositioning the asset or displacing tenants. Strong current income, minimal deferred maintenance, and a straightforward path to higher NOI.Assets of this size, condition, and configuration seldom come to market together in this submarket. The combined offering delivers small-portfolio efficiency with the tenant appeal of individual homes.Both properties must sell and close concurrently. All offers subject to interior inspection. Please do not disturb tenants.
Location
State OR
County Multnomah
Area _143
Zoning R5
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Central Air
Exterior
Garage Spaces 6.0
Roof Type Composition,Shingle
Garage No
Building
Lot Description Private, Secluded
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Grout
Middle Schools Hosford
High Schools Cleveland
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS