1. Oregon
2. Wood Village
3. 1700 Ne 231ST Ct

1700 Ne 231ST Ct, Wood Village, OR 97060

• 2,716 sqft

Property Description

Portland Area Investors!! This triplex has great cash flow, pencils out to a 6.38% cap rate, and isn't impacted by City of Portland rental laws! Current monthly rents total $5524 and all three units are fully rented. This Wood Village triplex is in an excellent location and has been exceptionally well cared for. The large .25-acre lot is on a quiet cul-de-sac with quick access to I-84, bus lines, public parks, dining, retail and outlet shopping. Recent investment of approximately $25K in improvements. The units have all benefited from interior updates intended to keep maintenance costs low. Each one level unit has a washer/dryer hookup, a fully fenced yard, and a covered patio. Two units have new storage sheds for renters' use. The numerous updates you'll find inside and out include new exterior paint in 2021, vinyl windows, LVP flooring, and even granite countertops & stainless-steel kitchen appliances in one unit. There are also 7 off-street parking spaces. This is a unique opportunity to obtain a high-quality investment property that has been in the same ownership for over 40 years. Seller will consider Buyer credit to assist with interest rate buydown! Please write offer subject to full inspection; one unit is available for viewing by qualified Buyers. Do not walk property or disturb renters.

Listing Status:

Active

Date Added:

April 16, 2025 at 05:00AM

Listing Office:

RE/MAX Equity Group : 503-653-0607

Listing Agent:

Cindy Smith : 503-703-2596

MLS ID:

169064549

Interior

• A/C: None
• Heating: Forced air

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Cindy Smith, RE/MAX Equity Group