503 SE 157TH AVE, Portland, OR 97233
503 SE 157TH AVE, Portland, OR 97233
503 SE 157TH AVE, Portland, OR 97233
503 SE 157TH AVE, Portland, OR 97233
503 SE 157TH AVE, Portland, OR 97233
503 SE 157TH AVE, Portland, OR 97233
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Listed by John L. Scott Sandy • 503-504-2499
Bought with MORE Realty

$575,000

$649,950

11.5%
Est.Price: ?

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Est. payment /mo

3,012 SqFt


SOLD DATE : 07/31/2026

Key Details

Sold Price $575,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,012 sqft

Price per Sqft $190

MLS Listing ID 636873764

Sold Date 07/31/26

HOA Y/N No

Year Built 2010

Annual Tax Amount $5,438

Tax Year 2025

Lot Size 4,356 Sqft

Property Description

Investor-ready duplex offering strong value-add potential. Each unit features 3 bedrooms and 2.5 baths with a spacious primary suite, private fenced yard, and dedicated single-car garage—an ideal setup for long-term tenant retention. Well-equipped kitchens include range, dishwasher, microwave hood, refrigerator, and washer/dryer hookups; at least one unit currently includes a washer and dryer. Rents are historically below market with reliable long-term tenants in place, presenting an excellent opportunity to increase cash flow. Current rent comparisons support potential rents of approximately $2,295 per unit per month. Please do not disturb tenants. *Interior photos are of the vacant unit next door at 15650 SE Stark St. Seller holds an active Real Estate License in OR.

Location

State OR

County Multnomah

Area _143

Zoning RM1

Rooms

Basement Crawl Space

Interior

Heating Forced Air

Exterior

Garage Spaces 2.0

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Level, On Busline

Story 2

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Parklane

Middle Schools Oliver

High Schools Centennial

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

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