Triplex with Detached
For Sale
$770,000
144 SE 85TH AVE, Portland, OR 97216
Multifamily on a corner double lot with eight rental tenants; each unit includes a kitchen, washer/dryer, and water heater.
Property SizeContact for details
Days on Market173
Property Features for 144 SE 85TH AVE
General Information
Standard status
Active
Property subtype
Multi-Family
Zoning
R5
Net Operating Income
$44,580
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$8,819
Amenities
Finished
Electricity,Gas
UnitTypeType1,UnitTypeType2,UnitTypeType3
4
3
1
AirConditioning,Range,Refrigerator,WasherDryer
Range,Refrigerator,WasherDryer
2500
1950
1000
CornerLot,Level
PublicWater
0.23
Driveway
Paved
ConcretePerimeter
Brick,WoodSiding
Building Details
Year Built
1950
Stories
2
Listing Agency:
Premiere Property Group, LLC
(971) 271-8932
Listed By:
John McKay · License #201207149
(503) 702-5529
Source:
Premierepropertygroup
Added: Mar 19
Changed: Sep 4
Last Checked: Sep 7 at 5:57AM
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 Premiere Property Group, LLC
Investment Insights
Based on property information with market context.
This investment property includes a main home configured into two separate living spaces, along with a detached cottage created from a former shop. The main home provides seven bedrooms across two independently rented units, while the detached cottage adds an additional one-bedroom, one-bath unit with tall ceilings, bringing the total to eight income-producing tenants. Each unit is equipped with its own kitchen, washer/dryer, and water heater.
Set on a spacious corner lot in Montavilla, the sellers report the lot partition is nearly complete, with only utility adjustments remaining. The location is described as offering easy access to freeways and convenient proximity to shopping, dining, and transportation, along with access to Mt. Tabor.
Tenant occupied; please do not walk the property or disturb tenants.
Set on a spacious corner lot in Montavilla, the sellers report the lot partition is nearly complete, with only utility adjustments remaining. The location is described as offering easy access to freeways and convenient proximity to shopping, dining, and transportation, along with access to Mt. Tabor.
Tenant occupied; please do not walk the property or disturb tenants.
Key Highlights
- Multifamily on a corner lot (0.23 acres) with 8 income‑producing tenants across multiple units and a detached cottage conversion.
- Main home split into two separately rented living spaces, totaling 7 bedrooms (4 on the main level and 3 on the lower level).
- Detached one‑bedroom, one‑bath unit converted from a former shop, featuring tall ceilings.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
Explore this area
Business Placement
Demographics for 97216, OR
17,488
Population
7,235
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
6,995
Density / Sq Mi
$71,951
Median Household Income
$42,537
Median Earnings
$1,390
Median Rent
$439,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Multifamily on a corner double lot with eight rental tenants; each unit includes a kitchen, washer/dryer, and water heater.
Where is this triplex located?
The property is located at 144 SE 85TH AVE Portland, OR.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: Multifamily on a corner lot (0.23 acres) with 8 income‑producing tenants across multiple units and a detached cottage conversion.; Main home split into two separately rented living spaces, totaling 7 bedrooms (4 on the main level and 3 on the lower level).; Detached one‑bedroom, one‑bath unit converted from a former shop, featuring tall ceilings.
