1. Oregon
  2. Sandy
  3. 20220 E PETER Pl
$997,800

20220 E PETER Pl, Sandy, OR 97055

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1955
  • Property Lot Size Icon3.55acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

First time on the market in nearly 50 years! Unique opportunity with THREE detached homes on one 3.55 acre lot. Each home is perfectly positioned on the property with ample yard space, private decks, garages, an individual septic system and a shared well. Let your imagination run wild! Could this be your compound with family or friends? Multigenerational living? An investment property? Or mix it up and live in one, long term rent one and short term rent one for a diverse investment property. These homes have been lovingly updated and maintained with care. Unit 1 (20200 E Peter Place) - 2 bed/1 bath, 773 SqFt, 1 car garage, completely rebuilt in 2021 Unit 2 (20210 E Peter Place) - 3 bed/2 bath, 896 SqFt, 1 car garage, remodeled in 2021. Unit 3 (20220 E Peter Place) - 2 bed/1 bath, 785 SqFt, 1 car garage + carport, remodeled in 2021 (currently vacant and the only unit available for showings at this time.) All three homes have updated kitchens, stainless steel appliances, LVP flooring, washer/dryer in unit, wood fireplace or wood stove and newer decks. This property is conveniently located off HWY 26 - 20 minutes to skiing, 15 minutes to Sandy and 1 hour to Portland or PDX. Just 5 minutes down the road are the Mt. Hood Villages with restaurants, groceries, cafes, shopping and services. Tucked along the foothills of Mt. Hood your outdoor adventure awaits with hiking, Mt. biking, snow sports plus gorgeous rivers and lakes at your fingertips. These homes have been successful long term rentals for decades. Current Rental Financials include: Gross Rental Income $83,520 and Estimated Operating Expenses $22,000 = Estimated Net Income $61,520. Ask your agent for a full financial packet with details. Additional Info: Photos are primarily of 20220 (Unit 3.) Short term rentals are currently allowed per Clackamas County regulations - buyer to do due diligence. Est. SqFt for Units 1 & 2. Please no drive bys, do not disturb tenants.

Listing Status:
Active
Date Added:
May 28, 2025 at 05:00AM
Listing Office:
Keller Williams Realty Professionals : 503-546-9955
Listing Agent:
Katelin Wille : 503-880-3650
MLS ID:
492936225
  • Basement: Crawl space
  • Heating: Wall heaterWood stoveZoned

This listing courtesy of Katelin Wille, Keller Williams Realty Professionals

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Welches Elementary School

24901 E Salmon River Rd, Welches, OR, 97067

Grades KG-8

4.91 miles away

W

Welches Middle School

24903 E Salmon River Rd, Welches, OR, 97067

Grades 6-8

4.84 miles away

S

Sandy High School

37400 Bell St, Sandy, OR, 97055

Grades 9-12

11.92 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.