Active

1542 SE MALDEN ST

Portland OR, 97202

$875,000


$426.00 per sqft

Active

4 Beds

3 Baths

2,054 sqft

Multi-family

Built in 1903

Courtesy of Soldera Properties, Inc

Turnkey triplex in the heart of Sellwood has been owned, managed, and lovingly maintained by locals, who can tell you from experience you won't find a better spot to own investment property. Just a short distance from everything Westmoreland/Sellwood has to offer, from coffee shops, restaurants, a theater, bike shops, vintage stores, gift shops and yoga studios to nearby access for the Willamette River and Oaks Bottom Wildlife Refuge. This location, just a short hop to OHSU and minutes from downtown Portland, Milwaukie, or Lake Oswego (take your pick), really does have it all! The main floor 2-bedroom unit features high ceilings and vintage details with a fantastic floorplan, plus an expansive front porch, quaint back porch off the kitchen for access to the beautiful backyard, basement storage and a slider off the bedroom to a private deck. Ultra-livable 1-bedroom upstairs units are light and bright, with open kitchens, ample storage and a picturesque, covered balcony for relaxing outdoors. The exterior is well maintained, with cedar wood siding, fresh paint and a newer roof. All units have double-pane vinyl windows, updated plumbing & electrical and washers/dryers. This beautiful gem draws quality long-term tenants, provides great rental income and has almost zero vacancy, plus could be an excellent owner-occupied investment. Large lot with natural landscaping provides enjoyment for nature lovers and the friendly neighborhood vibe makes this rental feel like home. The R5 zoning should allow for more units (buyer to do their own due diligence regarding density/city codes). Opportunities like this don't come along every day, so don't let this be the one that got away! Please respect the tenants privacy and do not walk the property or disturb them. Thank you.

24229575

MLS ID

July 25, 2024

Listed

August 23, 2024

Updated

Map

1542 SE MALDEN ST
Portland OR, 97202

Interior Features

Total Stories

2


Bedrooms

4


Total Bathrooms

3


Full Bathrooms

3


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air, Wall Heater

Exterior/Building Features

Lot Size

0.16 Acres


Lot Features

Level


Roof

Composition


Sewer

Public Sewer

School Information

High School

Cleveland


Elementary School

Llewellyn

Other Property Details

Area Name

_143


Taxes

$9,173


Tax Frequency

Annually


Days on Market

12


Garage

No


Parking

On Street


View

No


County

Multnomah


Water Source

Public Water


Pool

No


Zoning

R5

Listing Courtesy of Soldera Properties, Inc, Brenda Gunderson. 503-314-1906

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This content last updated on 8/23/2024, 2:45 PM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available

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