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Listed by Premiere Property Group, LLC

$624,990

Est. payment - /mo

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3,871 SqFt

New

8541 NE RUSSELL ST Portland, OR 97220

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Chris Kuehl

chris.kuehl@eleetere.com +1(503) 407-2414

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,871 sqft

Price per Sqft $161

Subdivision Madison Place

MLS Listing ID 570703005

Year Built 2000

Annual Tax Amount $9,524

Tax Year 2024

Lot Size 5,227 Sqft

Property Description

Exceptional Investment Opportunity: 3-Plex in a Thriving Community.Discover this traditional-style 3-plex, offering a unique blend of comfort, functionality, and income potential. Nestled within a welcoming community of multi-family homes, this property is ideally situated near shopping, schools, parks, & more. The Homeowners Association (HOA) not only enhances community living but also includes property management services, ensuring a hassle-free ownership experience. Unit A – Charming Two-Story Townhouse. This unit features two spacious bedrooms & 1 1/2 bathrooms, providing ample space for comfortable living. The open-concept living area is accentuated by a cozy gas fireplace. Enjoy the convenience of a private patio for outdoor relaxation & an attached garage for secure parking & additional storage. Unit B – Expansive Single-Level Flat with Bonus Room. This two bedroom, full bathroom unit boasts a large bonus room complete with a closet, perfect for use as a third bedroom or home office. The generous living & dining areas flow seamlessly into the kitchen, all warmed by a gas fireplace. A private patio provides a serene outdoor space, and direct garage access adds to the unit's practicality. Unit C – Upper-Level Flat with En-Suite Primary Bedroom. This upper-level unit has two bedrooms & two full bathrooms, one is a private en-suite in the primary bedroom. The expansive living space is highlighted by a gas fireplace, offering a comfortable & inviting atmosphere. An attached garage ensures convenient parking and storage solutions. Additionally, a fourth garage currently generates additional rental income but offers flexibility for use as on-site storage or further income opportunities. This 3-plex presents a opportunity to invest in a property that combines immediate income generation w/ long-term growth potential. Whether you're expanding your portfolio or seeking a solid entry into real estate investment, this property warrants your attention. Call for tour.

Location

State OR

County Multnomah

Area _142

Zoning EG2

Rooms

Basement Crawl Space

Interior

Heating Zoned

Cooling None

Exterior

Garage Spaces 4.0

View Territorial

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Level

Story 2

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Jason Lee

Middle Schools Roseway Heights

High Schools Leodis Mcdaniel

Others

HOA Name Monthly HOA Due $533.10. Includes Landscaping, On-Site Mgmt, Garbage, HOA Insurance. Pets Subject to Mgmt approval ADA compliant.

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

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Chris Kuehl

Managing Principal Broker | License ID: 931200095

+1(503) 407-2414

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8541 NE RUSSELL ST Portland, OR 97220

Chris Kuehl

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

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8541 NE RUSSELL ST