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About this home
Townhouse-style triplex with a fabulous floor plan offers great living and has excellent long-term tenants! Each unit features a generous living room that opens to a kitchen and dining area, with access to a private deck for easy entertaining and grilling. Upstairs, two spacious bedrooms with double closets and extra storage offer a versatile layout for many living situations. Ultra-convenient in-unit washer and dryer, plus a dedicated off-street parking space and new storage space areas for each unit, are all very appealing to today's renter. Ideally located in popular South Tabor near Mt. Tabor and the shops and restaurants of SE Division. There’s no shortage of great attractions nearby, such as Petite Provence bakery, a board game café, and popular pizza. Very walkable, with a Walk Score of 88, a Bike Score of 98 that makes it a Biker’s Paradise, and a solid rating for public transit. With major projects completed, such as a new roof in 2025, you can buy with confidence. Long-term tenants who want to stay mean you earn money on day one, with stable, steady income. Easy to rent, easy to manage, with rents positioned to grow: projected 5.36% rate within 3 years. A turnkey, excellent long-term investment in a close-in, high-demand location.
Multi-familyProperty Type
1969Year Built
$579Price/Sq.Ft.
3 spacesParking
Listed by Karoline Ashley• Windermere Realty Trust
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Around this home
Schools
K - 12
Preschool & daycare
Atkinson Elementary School
Public K-5 • Assigned • 0.3mi
10/10
Harrison Park School
Public 6-8 • Assigned • 1.7mi
9/10
Franklin High School
Public 9-12 • Assigned • 0.1mi
6/10
Provided by GreatSchools
About
Richmond
Richmond, located between SE Hawthorne Blvd and SE Division St, is a residential and commercial Portland neighborhood with tree-lined blocks and a walkable main-street feel. The neighborhood’s character concentrates around SE Division St near SE 34th Ave, where sidewalk patios, indie boutiques, and small restaurants keep the street lively. Pillars include the Clinton Street Theater, the historic Bagdad Theater & Pub, and the Portland Mercado food-cart pod. Early-20th-century bungalows and Craftsman homes mix with newer infill along calmer side streets. Pocket parks and school grounds break up the grid, while bike routes stitch together errands and evenings out. Mt. Tabor Park sits nearby for wooded trails and skyline views.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Deck
Individual storage units
Crawl space
Bedrooms
Three units, each with two bedrooms
Bathrooms
Three units, each with one bathroom
Kitchen
Dishwasher
Range
Refrigerator
Laundry & utility
Washer and dryer in each unit
Electric hot water
Heating & cooling
Baseboard heating
Window unit cooling
Exterior features
Level terrain
Security lights
Sidewalk
Home design
Multifamily property
Three units
Parking
Three open, paved parking spaces
Security
Security lights
Construction
Built in 1969
Brick and wood siding
Composition roof
Utilities
Electricity
Public water
Public sewer
Financial info
Unit 1 rent: $1,350
Units 2 and 3 rent: $1,580 each
4.87% cap rate
Gross rent multiplier of 13.86
Rent includes grounds maintenance and trash collection
Other
Green certification
Electricity and solar
View estimated energy costs and solar savings for this home
The RM2 zone is a medium-scale multi-dwelling zone that is generally applied in and around a variety of centers and corridors that are well-served by transit. Allowed housing is characterized by buildings of up to three or four stories with a higher percentage of building coverage than in the RM1 zone, while still providing opportunities for landscaping and outdoor spaces that integrate with residential neighborhood characteristics. The major types of new housing development will be a diverse range of multi-dwelling structures and other compact housing that contribute to the intended urban scale of centers and corridors, while providing transitions in scale and characteristics to lower-scale residential neighborhoods.
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
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
19 unhealthy days expected this year, 21 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97206
Average low and high temperatures (°F)
48
36
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37
58
43
65
44
71
49
78
54
84
58
85
61
78
56
62
46
53
43
50
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Sun exposure
In this area, properties receive around 9.7 hours in
June and 2 hours in December, placing it below the
U.S. average for solar exposure.
9.7 hrs
2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2723 SE 52nd Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $480,000 and $630,000.
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $480K to $630K.