- ADDRESS:
- 3002 SE BROOKLYN ST Portland, OR 97202
- Price:
- $875,000
- Units:
- 3
- Acres:
- 0.14
- Unit 1:
-
2 Bed
1.0 Bath
$2,299/mo
Features: Air Conditioning - Unit 2:
-
2 Bed
1.0 Bath
$2,150/mo
Features: Air Conditioning - Unit 3:
- 2 Bed 1.0 Bath $2,195/mo
- MLS#:
- 715983655
- Lot Size:
- 5,000 to 6,999 SqFt
- Type:
- Multi
- Zone:
- R5
- Yr Built:
- 1959
- Taxe/yr:
- $12,727.98
- County:
- Multnomah
- Status:
- Active
- Levels:
- 1
- Heat:
- Forced Air
- Nhood/Bldg:
- RICHMOND
- Elem:
- Grout
- Middle:
- Hosford
- High:
- Cleveland
- Lot Desc:
- Private, Secluded
- Area:
- Portland Southeast
- Courtesy of:
- Rarebird Real Estate
- Remarks:
- 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.