This five-unit beauty has legs! Terrific Foster/Powell location ideal for renters. Four two-story units and one single level unit. Townhouse style two-story units have been professionally remodeled. Kitchens feature granite counter tops, new cabinets and new appliances. Living room floors are either engineered wood or oak. New carpet on the upper levels. Bathrooms with subway tile and new fixtures. Two units have a private backyard. The single level unit upstairs has a private patio. Solid tenants with significant room to improve rents. This building is a long-term hold with incredible opportunity to build cash flow and equity. Fully occupied -- please do not disturb tenants. Offer contingent on interior inspection. No sign at the property. Seller is a licensed agent in another state. A wonderful property to start or improve your investment portfolio!
Active
Price cut: $137K (5/23)
$1,283,000
5223 SE Lafayette St, Portland, OR 97206
10beds
3,683sqft
Est.:
Multi Family
Built in 1969
-- sqft lot
$-- Zestimate®
$348/sqft
$-- HOA
What's special
Subway tilePrivate backyardNew appliancesNew cabinetsPrivate patioNew carpetGranite counter tops
- 103 days
- on Zillow |
- 123 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: May 23, 2025 at 06:12am
Listed by:
Lisa Long 503-317-4399,
High Five Properties
Source: RMLS (OR),MLS#: 420706361

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Baseboard, Zoned
Appliances
- Included: Range, Refrigerator, Electric Water Heater
- Laundry: Common Area
Interior area
- Total structure area: 3,683
- Total interior livable area: 3,683 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage, Off Street
- Garage spaces: 3
Lot
- Size: 5,227.2 Square Feet
- Dimensions: 5000
- Features: Level, SqFt 5000 to 6999
Details
- Parcel number: R229030
- Zoning: CM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement Siding, Lap Siding
- Roof: Composition
Condition
- Approximately
- Year built: 1969
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Laundry
- Subdivision: Foster/Powell
Location
- Region: Portland
Financial & listing details
- Price per square foot: $348/sqft
- Annual tax amount: $10,760
- Date on market: 2/28/2025
- Listing terms: Cash,Conventional
- Total actual rent: 7620
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