Eye popping 8.45 cap rate! No sign. High performing close in SW triplex across from NUNM. Two BIG 2 bedroom units with 14ft ceilings and period details. One 1 bedroom unit. Big basement with excellent head room, coin-op laundry, storage units, new furnaces, new roof, new exterior paint. Fenced backyard. One off street parking space. Zoned RH. Check with city for development possibilities. Agent is Owner.
Multi-familyProperty Type
1886Year Built
$158Est. Price/Sq.Ft.
1 spaceParking
Listed by Lisa Long• High Five Properties
Bought with Ricky Thien• Better Properties Brokerage
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
3
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
4,500 Sq. Ft.
Year renovated
1886
Sq. Ft.
2,898
Year built
1886
Style
Multi-Family (2-4 Unit)
County
Multnomah County
APN
R128814
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
RM4
D
Residential Multi-Dwelling 4 zone
The RM4 zone is a high density, urban-scale multi-dwelling zone applied near the Central City, and in town centers, station areas, and along civic corridors that are served by frequent transit and are close to commercial services. It is intended to be an intensely urban zone with a high percentage of building coverage and a strong building orientation to the pedestrian environment of streets, with buildings located close to sidewalks with little or no front setback. This is a mid-rise to high-rise zone with buildings of up to seven or more stories. The Design overlay zone is applied to this zone.
Zone overlays
Design Overlay Zone
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Park & open space
Jan 25, 2023 • Final
Mechanical
Replace the gas furnace.
Gas
HVAC
Nov 27, 2002 • Final
Electrical
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.