Active
1542 SE MALDEN ST
Portland OR, 97202
$875,000
$426.00 per sqft
Active
4 Beds
3 Baths
2,054 sqft
Multi-family
Built in 1903
Courtesy of Soldera Properties, Inc
Turnkey triplex in the heart of Sellwood has been owned, managed, and lovingly maintained by locals, who can tell you from experience you won't find a better spot to own investment property. Just a short distance from everything Westmoreland/Sellwood has to offer, from coffee shops, restaurants, a theater, bike shops, vintage stores, gift shops and yoga studios to nearby access for the Willamette River and Oaks Bottom Wildlife Refuge. This location, just a short hop to OHSU and minutes from downtown Portland, Milwaukie, or Lake Oswego (take your pick), really does have it all! The main floor 2-bedroom unit features high ceilings and vintage details with a fantastic floorplan, plus an expansive front porch, quaint back porch off the kitchen for access to the beautiful backyard, basement storage and a slider off the bedroom to a private deck. Ultra-livable 1-bedroom upstairs units are light and bright, with open kitchens, ample storage and a picturesque, covered balcony for relaxing outdoors. The exterior is well maintained, with cedar wood siding, fresh paint and a newer roof. All units have double-pane vinyl windows, updated plumbing & electrical and washers/dryers. This beautiful gem draws quality long-term tenants, provides great rental income and has almost zero vacancy, plus could be an excellent owner-occupied investment. Large lot with natural landscaping provides enjoyment for nature lovers and the friendly neighborhood vibe makes this rental feel like home. The R5 zoning should allow for more units (buyer to do their own due diligence regarding density/city codes). Opportunities like this don't come along every day, so don't let this be the one that got away! Please respect the tenants privacy and do not walk the property or disturb them. Thank you.
24229575
MLSⓇ ID
July 25, 2024
Listed
September 18, 2024
Updated
Map
1542 SE MALDEN ST
Portland OR, 97202
Interior Features
Total Stories
2
Bedrooms
4
Total Bathrooms
3
Full Bathrooms
3
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Forced Air, Wall Heater
Exterior/Building Features
Lot Size
0.16 Acres
Lot Features
Level
Roof
Composition
Sewer
Public Sewer
School Information
High School
Cleveland
Elementary School
Llewellyn
Other Property Details
Area Name
_143
Taxes
$9,173
Tax Frequency
Annually
Days on Market
12
Garage
No
Parking
On Street
View
No
County
Multnomah
Water Source
Public Water
Pool
No
Zoning
R5
Listing Courtesy of Soldera Properties, Inc, Brenda Gunderson. 503-314-1906
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