12011 SE MARKET ST

Portland, OR 97216

$609,000

Well cared for and extensively updated triplex offering a strong blend of stable tenancy and future upside. Recent improvements include new electrical meters for all three units, exterior paint, soffit replacement, gutter repairs, landscaping, concrete walkway replacement, quartz countertops, refinished hardwood floors, interior paint, and updated appliances in select units.… Read MoreRead Less

Listing courtesy of The Agency Portland.

Listing Snapshot

Days Online

Last Updated

Jun 2, 2026

Lot Size

0.26 Acres

Year Built

1961

MLS Number

646112361

30 Days Snapshot Of 97216

$458k

+1%

(avg) sold price

+18%

homes sold

-58%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road Surface Type: Paved

Basement

Basement: CrawlSpace

Building

Built in 1961, Storage: Attached, Stories: 1, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3

Cooling

Cooling: None

Disclosures

Disclosures: Disclosure

Expenses

Operating Expense: $15,586

Exterior Features

Exterior Description: LapSiding

Garage

Garage Spaces: 1

Heating

Heating: Baseboard

Income

CAP Rate: 6.77, Gross Income: $56,822, Gross Rent Multiplier: 10.72, Net Operating Income: $41,236, Net Scheduled Income: 43100

Lot

Features: Level, Size Acres: 0.26, Size Range: SqFt10000to14999, Size Square Feet: 11,325, Size: 10,000 to 14,999 SqFt

Miscellaneous

Investor Information: AccordingToOwner, Leases

Parking

Features: OffStreet, 5 total parking spots

Property

Number Of Units Total: 3, Zoning: R3A

Roof

Roof: Composition

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $6,964, Legal Description, Tax Year: 2025

Unit One

Actual Rent: $1,630, Area: 912, Features: Disposal, Fireplace, Storage, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom

Unit Two

Actual Rent: $1,400, Area: 912, Features: Disposal, Range, WasherDryer, WoodFloors, Units Total: 1, 1 total bathroom, 2 total bedroom

Unit Three

Actual Rent: $1,417, Area: 975, Features: Disposal, Range, WasherDryer, WoodFloors, Units Total: 1, 1 total bathroom, 2 total bedroom

Utilities

Fuel Description: Electricity, Hot Water Description: Electricity, Water Source: PublicWater

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than eXp Realty, LLC are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on Jun 2, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on Jun 2, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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