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2431 SE 141st Ave, Portland, OR 97233

$850,000

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Property Description

Excellent Investment Opportunity - Well-Maintained Custom-Built 4-PlexWhether you're looking to expand your investment portfolio or purchase your first income-producing property, this custom-built 4-plex offers a rare opportunity. Live in one unit while generating rental income from the others, or lease all four units for maximum cash flow. Meticulously maintained throughout, the property features spacious floor plans with abundant natural light, functional layouts, and private outdoor patio spaces. Each unit is separately metered for electricity, simplifying utility management. Unit Details: Unit #1: 672 sf one-bedroom apartment is located above the three-car garage on the east side of the property. Maintenance in 2022 includes fresh paint, new carpet, appliances replaced as needed Unit #2: 2,275 sf townhouse featuring a private enclosed patio, a main-level half bath, and three bedrooms with one full and one-half bath upstairs. Currently vacant and available for showings. Maintenance in 2024 included Fresh interior paint, new carpet, new vinyl kitchen floorUnit #3: 1,074 sf townhouse with a private enclosed patio, two bedrooms, and one and one-half bathrooms. Maintenance in 2023 included new refrigerator, 2025 included new carpet and fresh paint. Unit #4: 1,660 sf ground-level unit built to 1998 ADA standards, offering a private enclosed patio, three bedrooms, and two bathrooms. Maintenance in 2025 included new dishwasher and refrigerator. All tenants are currently on month-to-month leases, providing flexibility for the next owner. Interior inspections of three occupied units will be available upon an accepted offer.This is an outstanding opportunity for investors seeking dependable rental income with future upside potential. Located near convenient public transportation, the property offers strong tenant appeal in a desirable location. Please do not walk the property or disturb the tenants. Unit #2 is vacant and ready to show by SA attended appointment.

2431 SE 141st Ave | MLS# 680828430

This multi-family property located at 2431 SE 141st Ave, Portland, OR 97233 is currently listed for sale with an asking price of $850,000. Search Portland real estate on www.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Cooling: Wall Unit(s)
Fuel Type: Electricity, Gas
Heating: Forced Air, WallHeater
Lot Size: 50' x 187'
Roof Type: Composition
Taxes: $11,590
Year Built: 1998
Square Feet: 4,516

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 1
Rent: $1325.00
Square Footage: 672
Total Units: 1
Unit Type 2:
Bathroom(s): 3
Bedrooms: 3
Rent: $2475.00
Square Footage: 2275
Total Units: 1
Unit Type 3:
Bathroom(s): 2
Bedrooms: 2
Rent: $1550.00
Square Footage: 1074
Total Units: 1
Unit Type 4:
Bathroom(s): 2
Bedrooms: 3
Rent: $1660.00
Square Footage: 1334
Total Units: 1

Feature Descriptions

Days on Site: 106
Exterior: Vinyl Siding
Gross Income: $68097.00 (Actual)
Hot Water: Gas
Lot: Level
Lot Dimensions: 50' x 187'
Net Income: $38992.00 (Actual)
Operating Expenses: $29105.00 (Actual)
Parking: Assigned, Garage
Parking Notes: Assigned, Garage
Sewer: Public Sewer
Storage: Attached, Garage
Units: 4
Water: Public Water

Local Schools

High School: David Douglas
Middle School: Ron Russell
Elementary School: Lincoln Park

Listed By / Shown By

Listed By

Agency Name: John L. Scott Portland Metro
Agency Contact: 503-805-3821

Shown By

Agency Title: Bend Premier Real Estate
Agency Phone: 541-323-2779

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Estimated Payment

$ 5,511.81 per month $4,298.06 Principal & Interest $965.83 Property Tax $247.92 Homeowner's Insurance

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