$749,000

-1 Se TIBBETTS St, Portland, OR 97206

5 beds |
3 baths |
3,420 sqft

Single-Family Home
Built in 1956
5,663sqft lot
3 car garage
$219/sqft
Listed 12 days ago

Property Description

Assumable FHA loan at 3.25% interest, buyer must apply to qualify. Live in one unit and rent the other 2 to pay your mortgage. Great opportunity in a fantastic location, bringing just over $5,000 per month and $61,000 gross revenue annually. Cap. rate at 6.2% with low operating expenses and taxes, blocks from SE Division on a quiet street with 2 driveways, on an oversized corner lot. Updates include newer floors, appliances and bathroom/kitchen finishes. Solid rental history with tenants in place who are all willing to stay. Don't miss out on this tremendous opportunity to diversify your rental portfolio and/or take on your first investment property. DND Tenants.

Listing Status:: Active
Date Added:: March 24, 2026
Data Last Updated:: April 5, 2026 at 7:42AM
Listing Office:: Urban Nest Realty : 503-432-8126
Listing Agent:: Michael Kafoury : 503-490-0344
MLS ID:: 230352243

General: Hardwood floorsLaundry
Basement: DaylightFull basement
A/C: Central air
Heating: Forced air
Fireplace: Wood burningFireplaceFireplaces: 2
Disability Feature: Kitchen cabinetsNatural lightingParking

General: Shake sidingPorchYard
Style: Stories 1
Parking: CarportDrivewayParking spaces: 3

Roofing: Composition
Windows: DoublePaneWindowsVinylFrames
General: Concrete perimeter

Road/Access: ConcretePaved
Originating MLS: Regional Multiple Listing ServiceInc.
County: Multnomah

Zoning: R2.5CRESTONBLOCK 1S 5' OF LOT 7LOT 8R142608
View: View

Water: Public water
Sewer: Public sewer

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Michael Kafoury , Urban Nest Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Creston Elementary School

4701 SE Bush St, Portland, OR, 97206

Grades EE-5

0.42 miles away

Sunnyside Environmental School

3421 SE Salmon St, Portland, OR, 97214

Grades KG-8

1.35 miles away

Franklin High School

5405 SE Woodward St, Portland, OR, 97206

Grades 9-12

0.19 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.