These homes are offered together as part of a 13-property, 43-unit residential portfolio that is 98% leased, primarily located in Southeast and Northeast Portland, and will be sold via Sealed Bid Auction on June 3, 2026.This offering includes three leased single-family homes situated on an 18,975± sq. ft. corner tax… Read More lot at SE 98th and SE Clinton, just east of I-205 near the SE Division Street exit in the Powellhurst-Gilbert neighborhood. The RM1 zoning allows for additional development, with a vacant portion of the lot providing potential for a duplex or fourplex.Two of the homes feature three bedrooms and one bathroom, while the corner home offers two bedrooms and one bathroom. Built in the late 1920s, all three homes have been well maintained by the seller. Two tenants have occupied their units for over two years on month-to-month leases, and one tenant is on a fixed-term lease. Projected 2026 gross income is $70,344, with real estate taxes of $10,008. The landlord covers trash service.This property offers a rare opportunity to acquire multiple income-producing homes with stable tenancy and future development potential on a single tax lot. Read Less
Listing courtesy of Realty Marketing / Northwest.
Listing Snapshot
Days Online
1
Last Updated
Lot Size
0.44 Acres
Year Built
1927
MLS Number
734569814
30 Days Snapshot Of 97266
$419k
+5%
(avg) sold price
32
+45%
homes sold
44
-6%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1927, Stories: 1, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Disclosures
Disclosures: Disclosure
Expenses
Operating Expense: $13,472
Exterior Features
Exterior Description: WoodSiding
Garage
Garage Spaces: 2
Heating
Heating: ForcedAir
Income
Gross Income: $70,344, Net Operating Income: $56,872
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on . 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 . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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