OR > Portland > Sellwood - Moreland
Portland, OR 97202,8805 SE 17TH AVE
Portland, OR 97202,8805 SE 17TH AVE
Portland, OR 97202,8805 SE 17TH AVE
Portland, OR 97202,8805 SE 17TH AVE
Portland, OR 97202,8805 SE 17TH AVE
Portland, OR 97202,8805 SE 17TH AVE
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Charles "Phil" Carscallen

Charles "Phil" Carscallen

MORE Realty

+1(503) 453-5512
Listed by Premiere Property Group, LLC
$ 1,270,000
Est. payment | /mo

4,536 SqFt

Save Virtual Tour
$ 1,270,000
Est. payment | /mo
Save Virtual Tour

4,536 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,536 sqft

Price per Sqft $279

Subdivision Sellwood - Moreland

MLS Listing ID 782010914

Year Built 1968

Annual Tax Amount $10,597

Lot Size 5,227 Sqft

Property Description

An exceptional investment opportunity in one of Portland's most desirable and walkable neighborhoods—Sellwood-Moreland. This fully leased 5-unit multifamily property offers consistent cash flow, long-term tenants, and excellent proximity to parks, schools, shops, and transit. The property sits on a corner lot and features a strong unit mix. Four 2BR/1.5BA townhomes offer two levels, private entrances, in-unit laundry, walk-in closets, private balconies, LVT flooring (in many), celling fans, tenant storage, and dedicated carports. The fifth unit is a 1BR/1BA single-level flat with its own washer/dryer, LVT flooring throughout, storage space, and private carport—ideal for a professional tenant. All five units are currently rented to long-term tenants, minimizing vacancy and turnover. The property is well-maintained and operating at a 4.07% cap rate with future upside through rent increases or light cosmetic updates. RM1 zoning offers future development flexibility. Sellwood-Moreland is a vibrant, eclectic neighborhood with tree-lined streets, charming shops, and strong community appeal. Easy access to downtown, MAX Orange Line, and Springwater Corridor. Near Sellwood Park, Oaks Bottom Wildlife Refuge, Oaks Amusement Park, and Sellwood Riverfront Park. Just minutes from the prestigious Waverley Country Club. Close to New Seasons Market, local cafés and restaurants, Reed College, Lewis & Clark, OHSU, and top-rated public schools. Walk Score: 74 | Bike Score: 95A rare, turnkey 5-plex in one of Portland's most established and sought-after neighborhoods—perfect for investors seeking stability, growth, and location. Fully occupied- Do not disturb tenants.

Location

State OR

County Multnomah

Area _143

Zoning R1D

Rooms

Basement None

Interior

Heating Forced Air

Exterior

Garage Spaces 6.0

Roof Type Flat

Garage No

Building

Lot Description Corner Lot, Level

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Middle Schools Sellwood

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 453-5512

phil.carscallen@gmail.com

16037 SW Upper Boones Ferry Rd Suite 150, Tigard, OR, 97224

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8805 SE 17TH AVE