Ideally situated in the highly sought-after Buckman neighborhood, between E Burnside St and SE Stark St, this tri-plex combines strong rental income with an ideal rental location. All three units are 2 bedroom / 1 bathroom townhomes with spacious living rooms, washer / dryer hookups & dining areas off the kitchen leading to private patios. The property has been very well managed and maintained, including new siding in 2020, a new roof in 2024 & new fencing in 2026. Additionally, the units have been nicely updated as needed upon turnover with new appliances, flooring and doors. Each unit enjoys one off-street parking spot. With reliable renters & a proven income record, this is an opportunity to own a stable, low-maintenance investment in one of Portland’s most desirable close-in locations. At a 5.29% cap rate & 13.12 GRM, this property provides steady cash flow from day one. With current market rents & low turnover, investors can expect consistent returns & long-term value growth.
Multi-familyProperty Type
1976Year Built
5,227 sq ftLot Size
$359Est. Price/Sq.Ft.
3 spacesParking
Listed by Marc Rogers• Township Properties Real Estate LLC
Listed by Kathy Rogers• Township Properties Real Estate LLC
Bought with Colleen Glaab• Portland's Alternative Inc., Realtors
As the MLS and public records start to fill up, we'll list the details here.
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Multi-Family (2-4 Unit)
County
Multnomah County
APN
R297180
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Last updated by owner on Feb 23, 2026.
R2.5
Residential 2,500 zone
The single-dwelling zones are intended to preserve land for housing and to provide housing opportunities for individual households. The zones implement the comprehensive plan policies and designations for single-dwelling housing and provide options for infill housing that is compatible with the scale of the single-dwelling neighborhood.