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Residential Income Triplex Property
For Sale
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Pending

12532 SE Steele St, Portland, OR 97236

Three-unit residential income property on over half acre with a main home plus rental units above and behind the garage.

Property SizeContact for details
Days on Market146

Property Features for 12532 SE Steele St

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: John L. Scott Real Estate Portland
Listed By: Israel Hill · License #OR 200411111
Source: Crexi
Added: Apr 11 Changed: Sep 3 Last Checked: Aug 31 at 5:32PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John L. Scott Real Estate Portland

Investment Insights

Based on property information with market context.

Located at 12532 SE Steele St, this three-unit residential income property sits on over a half acre. The main house features 4 bedrooms and 2 bathrooms, along with a bonus area and a private deck.

A notably oversized garage provides room for up to four cars and includes additional living space. One one-bedroom unit is located above the garage and currently generates rental income, while a second one-bedroom unit sits behind the garage and has fresh paint and new carpet.

The current configuration offers straightforward options for flexibility, including dividing the setup for additional income or moving everyone together for multi-generational living.

Key Highlights

  • 3‑unit residential income property on over half an acre
  • Main house is a 4 bed/2 bath with bonus area and a private deck
  • Oversized garage with room for 4 cars

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Nail Salon Restaurant Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

349
Businesses Nearby

Demographics for 97236, OR

40,193
Population
13,736
Households
2.9
Avg Household Size
36
Median Age
21%
College-Educated
81%
High-School Grad
7.7 sq mi
ZIP Area
5,220
Density / Sq Mi
$68,582
Median Household Income
$38,131
Median Earnings
$1,436
Median Rent
$414,400
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit residential income property on over half acre with a main home plus rental units above and behind the garage.
Where is this triplex located?
The property is located at 12532 SE Steele St Portland, OR.
What are key features of this property?
This property features: 3‑unit residential income property on over half an acre; Main house is a 4 bed/2 bath with bonus area and a private deck; Oversized garage with room for 4 cars
More about this property
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