***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!
Active
Price cut: $10K (5/9)
$485,000
408 SE 99th Ave, Portland, OR 97216
4beds
2,055sqft
Est.:
Multi Family
Built in 1941
-- sqft lot
$-- Zestimate®
$236/sqft
$-- HOA
What's special
Prime location
- 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#: 295480407

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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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