$875,000
 $4,697 est/mo Sourced by Back At You

3002 SE Brooklyn St,Portland, OR 97202

Portland, OR 97202

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Description

A rare offering in one of Southeast Portland's most established rental corridors: a well-cared-for triplex sold together with the adjacent triplex, creating a six-unit package under single ownership. Both buildings must close concurrently.What separates these units from typical Portland triplexes is the private space. Every unit comes with its own garage and its own basement, accessible to that tenant alone. Add central air conditioning and original hardwood floors in each unit, and these rent like single-family homes rather than apartments.Most units have already been updated. New water service lines have been run to the building. Landscaping is meticulously kept, and the shared courtyard gives the property a calm, residential character that keeps turnover low and referrals steady.The expense structure favors ownership. Water, sewer, and gas are all billed directly to tenants. Trash is the owner's only utility obligation.In-place rents are running roughly 10.63% under market, leaving clear organic upside as units turn. Combined with light operating costs and minimal deferred maintenance, the result is a stabilized asset with room to grow NOI without a heavy capital plan.Location, condition, and unit configuration rarely line up like this at this size.Must sell in conjunction with the neighboring triplex. All offers subject to interior inspection. Please do not disturb tenants.

Details

MLS #715983655
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1959
Days On Site88
Listing Provided ByRarebird Real Estate | Benjamin Ficker

Features

SQ Feet4,536
Garage3
BasementY
Story(s)1
Units3
ZoningR5
Acreage0.14

Interior

HeatingForced Air
Heating YnYes
CoolingCentral Air
Cooling YnYes

Exterior

RoofComposition, Shingle
Lot FeaturesPrivate, Secluded

Parking

Attached Garage YnNo
Parking FeaturesAttached, Garage

Taxes

Property12727

Area Information

StateOR
CountyMultnomah
CityPortland
Zip Code97202
Community NameRICHMOND
School DistrictCleveland
Elementary SchoolGrout
High SchoolCleveland
Listing VS Median (in RICHMOND)
Price:
$875,000
low | high
Med:
$792,000
59.485714285714% of Average
sqft:
4,536
low | high
Med:
2,370
97.751322751323% of Average
$ / sqft:
$193
low | high
Med:
$334
23.250144528532% of Average
On site:
88
low | high
Med:
25
100% of Average
Sourced by Back At You

Market Activity 97202

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Learn More About This Property

StateOR
CountyMultnomah
CityPortland
Zip Code97202
Community NameRICHMOND
School DistrictCleveland
Elementary SchoolGrout
High SchoolCleveland
Listing VS Median (in RICHMOND)
Price:
$875,000
low | high
Med:
$792,000
59.485714285714% of Average
sqft:
4,536
low | high
Med:
2,370
97.751322751323% of Average
$ / sqft:
$193
low | high
Med:
$334
23.250144528532% of Average
On site:
88
low | high
Med:
25
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $656K - $1.093M
sqft: 3,000 - 5,500
Nearby Listings Property ImageNearby Listings Details
3123 SE 31st AVE Property Photo 1
$795,000
3123 Se 31st Ave
Portland, OR 97202
Listing Updated: September 29, 2026 at 4:48:49 AM PDT