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    Residential Income Triplex with Detached Cottage Title is generated by Realmo AI

    144 SE 85TH Ave, Portland, OR 97216

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    For Sale
    $775,000

    MULTI_FAMILY - Portland, OR

    Lot size:
    0.23 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    88
    Last Refresh:
    Jun 14 at 9:06 pm

    Property Features for 144 SE 85TH Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R5
    Bedrooms
    8
    Bathrooms
    3
    Rooms
    Bedroom 7, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 8, Bedroom 6, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3
    Standard status
    Active
    APN
    R284669
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Description
    TERRACE PK, BLOCK 7, LOT 1&2
    Tax Annual Amount
    8819

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Floors in Building
    2
    Number of units
    3
    Roof type
    Metal, Composition

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    Listing Contact
    John McKay

    Listing agent John McKay

    Listing office Premiere Property Group, LLC 4743 NE Fremont St, Lake Oswego, OR

    Listing date Mar 19, 2026

    MLS# 502946846 Listing URL

    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.

    HighLights

    • Year built 1950 home with central air and forced‑air heating
    • Split into two separate living spaces plus an additional detached cottage; total 8 income‑producing tenants
    • Main home includes 7 bedrooms total (4 on main level and 3 on lower level), with each bedroom rented individually
    • Detached cottage (converted from former shop) is a 1‑bedroom, 1‑bath unit with tall ceilings
    • Each unit includes its own kitchen, washer/dryer, and water heater
    • Corner lot on a double lot with lot partition nearly completed; only utility adjustments remain

    Overview

    This residential income property on a corner lot includes a main home split into two separately configured living spaces, plus a detached shop conversion. The main home is described as having seven total bedrooms, with four bedrooms on the main level and three on the lower level, rented individually. The detached former shop has been transformed into a one-bedroom, one-bathroom unit with tall ceilings. In total, the configuration provides eight income-producing tenant spaces, and each unit is equipped with its own kitchen, washer/dryer, and water heater.

    The property is located at 144 SE 85TH Ave in Portland’s Montavilla neighborhood. It sits on what is described as a double lot, and the sellers have nearly completed the lot partition, with only utility adjustments remaining. The listing notes convenient access to freeways, shopping, dining, and transportation, with a 98 Bike Score and proximity to Mt Tabor.

    For tenants and operators, the unit mix is built around individual, independently rented spaces, each with key in-unit utilities and laundry. For future planning, the double-lot setup and nearly finished lot partition are intended to support flexibility for expansion or redevelopment, including the possibility of building a new home in front of the detached living space. Tenant occupancy is in place, and the listing requests that the property not be walked or tenants disturbed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.575697
    Latitude
    45.52131

    FAQs

    What type of property is this?
    Triplex - Tenant-occupied residential income property with eight individually rented units, each featuring 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 $775,000.
    What are key features of this property?
    This property features: Year built 1950 home with central air and forced‑air heating; Split into two separate living spaces plus an additional detached cottage; total 8 income‑producing tenants; Main home includes 7 bedrooms total (4 on main level and 3 on lower level), with each bedroom rented individually
    More about this property
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