501 SE 157TH Ave Portland, OR 97233
New
- Added:
- Apr 1, 2026
- Days on Market:
- 1
- Last Refresh:
- Apr 1 at 4:06 pm
Property Features for 501 SE 157TH Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM1
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 4, Bedroom 1, Bathroom 1, Bathroom 3, Bathroom 6, Bedroom 6, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 5, Bathroom 5, Bedroom 2
- Standard status
- Active
- APN
- R255684
- Size
- 3,503 SF
- Lot size
- 0.48 Acres
Taxes and HOA fees
- TaxDescription
- RITLOW AC, BLOCK B, W 140' OF E 165' LOT 2 EXC N 70' & EXC S 382'
- TaxAnnualAmount
- 9789
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1947
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Composition
Listing agent Jeff Capen (503) 888-5191
Listing office Windermere Realty Trust 2045 NE Martin Luther King Blvd, Portland, OR (503) 284-7755
Listing date Apr 1, 2026
MLS# 785509330
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Portland Triplex on Large Lot
This triplex presents a flexible investment opportunity with income potential. Located in the Centennial neighborhood on a 0.48-acre lot zoned RM1, the property offers both current cash flow and future development possibilities. Each of the three units includes 2 bedrooms and 1 bathroom, with varying degrees of updates. Units feature central air conditioning, in-unit washers and dryers, and refrigerators. Unit 505 has wood flooring, black appliances, and a fireplace with brick surround, along with a stackable washer and dryer. Unit 511 features Spanish tile in the kitchen, stainless steel appliances, gas cooking, a carpeted living room with a woodstove, a full-size washer and dryer, and a soaking tub. Unit 513, situated on the lower level, includes laminate wood flooring, white appliances, and a built-in microwave, plus a soaking tub. Shared outdoor spaces offer a covered back patio, raised garden beds, and an outdoor fireplace. The level backyard provides space for gardening, recreation, or future expansion. Additional features include two rentable garages and driveway parking for at least six vehicles. The property is suitable for subdivision and building, income generation, or multi-generational living.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.50204
- Latitude
- 45.518653
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Triplex with development potential in Portland's Centennial neighborhood.
Where is this triplex located?
The property is located at 501 SE 157TH Ave Portland, OR.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Rare 0.48‑acre RM1 Zoned Lot offering future development possibilities.; Tri‑plex with three 2‑bedroom, 1‑bathroom units providing immediate income potential.; Each unit includes **central air conditioning and in‑unit washer/dryer**.
