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  • Price cut: $70K (4/24)
    $2,239,900

    1656 SE Umatilla St, Portland, OR 97202

    10beds
    4,293sqft
    : 
    Multi Family
    Built in 2025
    -- sqft lot
    $-- Zestimate®
    $522/sqft
    $-- HOA

    What's special

    Stylish tile workSleek stainless steel appliancesPrivate fenced yardsOpen-concept layoutsLuxurious primary suitesSoaring ceilingsWell-appointed bathrooms
    Unique investment opportunity in the heart of Sellwood-Moreland! Five beautifully designed 2-bedroom, 2.1-bathroom units, offering modern style and unbeatable convenience in one of Portland’s most sought-after neighborhoods. Located just steps away from the Willamette River, charming cafes, trendy restaurants, and vibrant shops along SE Milwaukie. Outdoor adventures, and close to Oaks Park, Sellwood Riverfront Park, and Westmoreland Park—perfect for exploring, relaxing, and making the most of this incredible neighborhood. Step inside, and you’ll immediately notice the open-concept layouts, where natural light pours in through expansive windows and soaring ceilings. The gourmet kitchens are true centerpieces, featuring sleek stainless steel appliances, custom cabinetry, and stylish tile work—perfect for entertaining or just enjoying a quiet night in. Spacious living areas create the ideal atmosphere for gathering, and relaxing. Upstairs are luxurious primary suites offers serene retreats, with additional bedrooms and well-appointed bathrooms provide plenty of space and privacy. Each unit has private, fenced yards—a rare find! Constructed by a reputable, local builder, this development comes with a 1-year builder warranty, so you can settle in with confidence that your investment is secure.
    52 days
    on Zillow
    |
    390
    |
    10
    |

    Zillow last checked: 8 hours ago

    Listing updated: April 24, 2025 at 04:29am

    Listed by:

    Darryl Bodle 503-709-4632,

    Keller Williams Realty Portland Premiere,

    Kelly Christian 908-328-1873,

    Keller Williams Realty Portland Premiere

    Source: RMLS (OR),MLS#: 475098775MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 1656 SE Umatilla St.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 15
    • Full bathrooms: 10
    • Partial bathrooms: 5
    Heating
    • Mini Split
    Cooling
    • Air Conditioning
    Appliances
    • Included: Dishwasher, Range, Electric Water Heater
    • Laundry: Washer Dryer Hookup
    Features
    • Basement: Crawl Space
    Interior area
    • Total structure area: 4,293
    • Total interior livable area: 4,293 sqft
    Video & virtual tour

    Property

    Features
    • Stories: 2
    • Has view: Yes
    • View description: Trees/Woods
    Lot
    • Features: Level, SqFt 5000 to 6999
    Details
    • Parcel number: New Construction
    • Zoning: RM1

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Cement Siding
    • Foundation: Concrete Perimeter
    • Roof: Composition
    Condition
    • New Construction
    • Year built: 2025

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Sellwood - Moreland
    Location
    • Region: Portland

    Financial & listing details

    • Price per square foot: $522/sqft
    • Tax assessed value: $593,050
    • Annual tax amount: $5,222
    • Date on market: 3/18/2025
    • Listing terms: Cash,Conventional
    • Total actual rent: 13350
    • Road surface type: Paved
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