1. Oregon
2. Portland
3. 121 Se 30TH Pl

121 Se 30TH Pl, Portland, OR 97214

• 3,240 sqft

Property Description

Solid investment + desirable location. Mid-century 4 Plex with 3 units available for immediate enjoyment. Lots of opportunity to increase return on investment with this buy. Estimated NEW 6.33 Cap Rate could be easy to reach based on market rents on newly updated units. Updates done in 2025 include (in some or all vacant units) interior paint, kitchen and bathroom fans and fixtures, lighting, flooring, cadet heaters. A variety of unit sizes + separate garage leases creates multiple income streams. #121 - 1 bed/1 bath, hardwood floors. #123 - 2 bed/1 bath hardwoods. #125 3 bed/2 bath New LVP flooring thoughout. #127 2 bed/1 bath bamboo floors + new carpet in bedrooms. Low-e vinyl windows, double closets, tub + showers, on-site coin-op laundry. Additional income on 3 separately leased garage spaces ($190, $190, $215). Located in the central eastside Kerns neighborhood smack dab in the middle of it all. Your favorite everything is just around the corner. Walk score = 96, bike score = 90. Walkers/bikers paradise! Lots of action + a desirable area to dwell for those drawn to the ease of living near work, food and fun, with many nearby parks.

Listing Status:

Active

Date Added:

March 14, 2025 at 05:00AM

Listing Office:

Wood Land Realty : 503-522-1691

Listing Agent:

Teri Toombs : 503-522-1691

MLS ID:

493082979

Interior

• Basement: Crawl space
• A/C: None
• Heating: BaseboardWall heater

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Teri Toombs, Wood Land Realty