This duplex is offered as part of a 13-property, 43-unit residential portfolio that is 98% leased and primarily located throughout Southeast and Northeast Portland. The portfolio will be sold via Sealed Bid Auction on June 3, 2026.The property is a leased duplex located at the end of SE Rhone on… Read More a 9,010± sq. ft. lot. Built in 1942, both units feature 2 bedrooms and 1 bathroom and have been well maintained by the seller. There is an opportunity to acquire the adjacent property—also owned by the seller—which includes two leased homes, one vacant studio, and additional land that may support development of a duplex, creating potential for added scale and value. Projected 2026 gross income is $33,060, with real estate taxes of $5,720. Landlord currently pays water, sewer, trash, and landscaping. This offering provides stable in-place income with the potential to expand and enhance long-term returns in a desirable Southeast Portland location. Read Less
Listing courtesy of Realty Marketing / Northwest.
Listing Snapshot
Days Online
1
Last Updated
Square Ft.
1,344
Lot Size
0.21 Acres
Year Built
1942
MLS Number
742052109
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
Property Access
Road Surface Type: Paved
Building
Building Area Total: 1344, Built in 1942, Stories: 1, Unit Type Type: UnitTypeType1, UnitTypeType2
Disclosures
Disclosures: Disclosure
Expenses
Operating Expense: $7,743
Exterior Features
Exterior Description: LapSiding
Heating
Heating: ForcedAir
Income
Gross Income: $33,060, Net Operating Income: $25,317
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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