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About this home
Well-maintained and in excellent condition, this triplex is truly move-in ready for investors seeking steady returns. Located in a high-demand area, it offers a rare opportunity for both seasoned investors and those making their first multi-unit purchase. With a walk score of 92 and a bike score of 99, tenants will enjoy unmatched convenience, making this an even more attractive investment. Don’t miss out on this prime opportunity!
Sellwood-Moreland, located between the Willamette River and SE 17th Avenue, is a residential and retail Portland neighborhood with riverfront parks and a walkable main street. The neighborhood’s character concentrates along SE 13th Avenue near SE Tacoma Street, where indie boutiques, coffee counters, and antique storefronts line the sidewalks. Community pillars include the historic Moreland Theater, the Sellwood Bridge, and Oaks Park’s classic amusement rides. Early-20th-century bungalows and cottages mix with tidy infill on leafy blocks. Springwater Corridor paths and Sellwood Riverfront Park shape daily routines along the water. A calm, small-town cadence carries through farmers-market weekends and patio evenings.
Provided by Walk Score and Local Logic
Market insights
934 SE Nehalem St · $890,000
DAYS ON MARKET
489 days
The average home goes pending in 61 days.
SALE-TO-LIST
97.7%
Most homes are selling 2% below list price.
LIST PRICE
$890,000
Median list price in this area is $599,532. (33% lower than this home)
PRICE DROP
1 price drop
30% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Finished full basement
Garage storage
Bedrooms
One 1-bed unit
Two 2-bed units
Bathrooms
Each unit has 1 bathroom
Kitchen
Dishwasher in most units
Range/stove in most units
Refrigerator in one unit
Laundry & utility
Washer and dryer in most units
Heating & cooling
Ductless heating
Heat pump cooling
Exterior features
Wood and shake siding
Shingle (composition) roof
Paved street access
Gentle sloping to level lot
Home design
Multi-family property
Detached
Updated/remodeled condition
Built in 1895
Parking
On-street parking available
Off-site parking
Total of 2 parking spaces
Construction
Concrete perimeter foundation
Utilities
Electric service
Public water
Public sewer
HOA & community
Zoned R5
Financial info
Three total units
Unit rents: $1,150; $2,150; $1,650
Some rents include water and sewer
Electricity and solar
View estimated energy costs and solar savings for this home
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.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Dec 16, 2019 • Final
Mechanical minor labels
Install a new air conditioning unit.
HVAC
May 15, 2018 • Final
Residential bldg/trade
Addition
Electrical
Remodel
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.
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, 14 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, 20 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97202
Average low and high temperatures (°F)
48
37
50
39
58
44
66
45
72
50
78
55
84
59
85
62
78
57
64
48
53
44
51
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
79/ 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.
9.5 hrs
4.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 934 SE Nehalem St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $675,000 and $1,000,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $675K to $1.0M.