Investment opportunity in the heart of Rockwood! This well maintained triplex offers strong rental potential with a highly desirable layout featuring separate garages for each unit and updated kitchens. Built in 1996, the property includes over 3,100 square feet with spacious units designed for long term tenant appeal. Conveniently located with a Gresham mailing address, this property is outside Portland’s residential rental registration and relocation requirements, offering added flexibility for investors and landlords. Close to transit, shopping, parks, and major commuter routes, this is a rare chance to own a low maintenance multifamily asset in an established rental corridor.
Multi-familyProperty Type
1996Year Built
5,227 sq ftLot Size
Listed by Mark Charlesworth• Keller Williams PDX Central
Bought with Taha Al-Madani• Keller Williams Realty Portland Premiere
Alberto Gamino Meza • All Professionals Real Estate
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Sale and tax history for 18220 SE Pine St
Sale History
Tax History
Date
Event
Price
RMLS #238894307
Aug 24, 2026
Sold
$640,000
Jul 16, 2026
Pending
—
Jun 12, 2026
Price Changed
$619,900
May 8, 2026
Listed
$649,900
Public Records
Apr 4, 2007
Sold
$360,000
Public Records
Oct 15, 2002
Sold
$540,000
Public Records
Nov 9, 1995
Sold
$293,000
Public Records
Sep 13, 1995
Sold
$40,000
Year
Property tax
Land + Additions
Assessment*
2025
$8,260 (+5.7%)
2024
$7,816 (+10.5%)
2023
$7,073 (+2.5%)
2022
$6,898 (+2.5%)
2021
$6,727 (+6.9%)
2020
$6,294 (+4.3%)
2019
$6,033 (+1.0%)
2018
$5,972 (+3.3%)
2017
$5,779 (+4.5%)
2016
$5,528 (+3.0%)
2015
$5,368 (+3.5%)
2014
$5,186 (+16.8%)
2013
$4,439 (+19.8%)
2012
$3,704 (−10.1%)
2011
$4,122 (−15.8%)
2010
$4,895 (+2.7%)
2009
$4,767
Public record
Public record
Zoning
Permits
Beds
7
Baths
4.5
Stories
2
Lot width
—
Lot depth
—
Lot size
5,000 Sq. Ft.
Year renovated
1996
Sq. Ft.
3,176
Year built
1996
Style
Multi-Family (2-4 Unit)
County
Multnomah County
APN
R238126
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 5, 2026.
RTC
Rockwood Town Center District
This district encompasses the heart of Central Rockwood. It is centered on the triangle formed by E. Burnside, NE 181st Ave., and SE Stark St., but also takes in adjacent properties around the triangle. Primary uses permitted in RTC are retail commercial, services, office uses and housing. Mixed-use developments and various institutional uses (e.g. library, public meeting halls, government facilities) are also permitted. The scale and character of new development is intended to support and reinforce the image of a town center, with buildings of at least two stories, oriented to streets and pedestrians, and with parking lots behind or to the sides of buildings.; A portion of the Rockwood Town Center will be the focus of more concentrated high-density residential, office, commercial, service and institutional mixed-use development in a village type urban form. Within this area, proposals to develop multifamily structures and townhouses that front on streets are required to have a mixed-use component along the street frontage. Mixed-use consists of commercial, office, or institutional uses or combinations thereof in combination with residential uses. This Mixed-Use Rockwood Town Center area consists of the triangle described above, and other properties which front on its abutting streets.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
General retail
Housing-Other
Infrastructure-Other
Mixed use
Mar 12, 2025 • Final
Commercial electrical
Install new branch circuits for a split system installation.
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.
Property details
Parking
Parking Information
Parking Features: Garage
Interior
Appliances
Hot Water Description: Electricity
Interior Features
Storage: Garage(s)
Multi Unit Information
# Of Units Total: 3
Unit Information
Unit Type: 1, 2, 3
Unit Type 1 Information
Actual Rent: $1,925
Area: 1,300
Baths Total: 2
Beds Total: 3
Units Total: 1
Unit Type 2 Information
Actual Rent: $1,600
Area: 938
BathsTotal: 2
Beds Total: 2
Units Total: 1
Unit Type 3 Information
Actual Rent: $1,550
Area: 938
Baths Total: 2
Beds Total: 2
Units Total: 1
Exterior
Exterior Features
Roof: Composition
Exterior Description: Vinyl Siding
Lot Information
Lot Size Square Feet: 5,227
Lot Size Range: 5,000 to 6,999 SqFt
Lot Size Acres: 0.12
Lot Size: 5,000 to 6,999 SqFt
Lot Features: Level
Parcel Number: R238126
Road Surface Type: Paved
Property Information
Property Type: Multi Family
Property Attached YN: No
View YN: No
Building Information
Year Built: 1996
Financial
Tax Information
Tax Year: 2025
Tax Legal Description: PARTITION PLAT 1994-1, LOT 1
Tax Annual Amount: $8,260.39
Lease / Rent Information
CAP Rate: 5.63
Gross Rent Multiplier: 10.34
Utilities
Utility Information
Green Certification YN: No
Fuel Description: Electricity, Gas
Water Source: Public Water
Sewer: Public Sewer
Heating & Cooling
Heating YN: Yes
Heating: Forced Air
Cooling YN: No
Location
School Information
Elementary School: Hartley
Middle Or Junior School: Reynolds
High School: Reynolds
Location Information
Directions: SE PIne St & SE 181st Ave
Unparsed Address: 18220 SE PINE ST, Portland, OR 97233
Community Information
Zoning: RTC
Public facts
Beds: 7
Baths: 4.5
Sq. Ft.: 3,176
Stories: 2.0
Lot Size: 5,000 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1996
Year Renovated: 1996
County: Multnomah County
APN: R238126
Home facts updated by county records on Oct 5, 2026
Other
Listing Information
MlsStatus: Sold
Listing Price Information
Price Type: List Price
Around this home
Schools
Davis Elementary School
Public K-5 • Assigned • 0.7mi
5/10
Reynolds Middle School
Public 6-8 • Assigned • 1.2mi
1/10
Reynolds High School
Public 9-12 • Assigned • 3.5mi
1/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
23 unhealthy days expected this year, 27 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97233
Average low and high temperatures (°F)
46
36
49
37
57
42
64
44
70
49
76
54
82
57
83
60
76
55
63
47
52
43
49
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
78/ 100
Good sunlight
Sunscore
This home receives average direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.9 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$579,000 – $700,000
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