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  • Price cut: $10K (5/9)
    $485,000

    408 SE 99th Ave, Portland, OR 97216

    4beds
    2,055sqft
    : 
    Multi Family
    Built in 1941
    -- sqft lot
    $-- Zestimate®
    $236/sqft
    $-- HOA

    What's special

    Prime location
    ***Ask About the 5.25% Assumable Rate***Freshly renovated triplex in a prime location with quick easy access to I-205. This versatile investment property offers a well-balanced unit mix: one 2-bedroom/1-bath unit and two 1-bedroom/1-bath units. Unit A has been fully renovated, while Units B and C provide an excellent value-add opportunity. With one unit currently vacant, this is a perfect option for an owner-occupant looking to take advantage of a low down payment loan while generating rental income. Don’t miss this opportunity to own a high-potential, well-located investment property!
    54 days
    on Zillow
    |
    412
    |
    28
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 09, 2025 at 05:35am

    Listed by:

    Sabrina James 971-218-9349,

    SMI Commercial Real Estate LLC

    Source: RMLS (OR),MLS#: 295480407MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 408 SE 99th Ave.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced Air
    Appliances
    • Included: Range, Refrigerator, Washer/Dryer, Electric Water Heater
    Interior area
    • Total structure area: 2,055
    • Total interior livable area: 2,055 sqft

    Property

    Parking
    • Parking features: Driveway, Off Street
    • Has uncovered spaces: Yes
    Features
    • Stories: 1
    • Has view: Yes
    • View description: Seasonal
    Lot
    • Features: Level, On Busline, SqFt 3000 to 4999
    Details
    • Parcel number: R250800
    • Zoning: EG1

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Cedar, Wood Siding
    • Foundation: Concrete Perimeter
    • Roof: Composition
    Condition
    • Year built: 1941

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Portland

    Financial & listing details

    • Price per square foot: $236/sqft
    • Tax assessed value: $297,830
    • Annual tax amount: $4,783
    • Date on market: 3/17/2025
    • Listing terms: Assumable,Cash,Conventional
    • Total actual rent: 2975
    • Road surface type: Paved
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