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Portland Triplex in Clinton-Division Neighborhood

2735 SE CLINTON St, Portland, OR 97202

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For Sale

$849,900

MULTI_FAMILY - Portland, OR

Property size:

3,207 SF

Lot size:

0.11 Acres

Price / SF:

$265/SF

HighLights

Three‑unit income property in Portland’s Clinton‑Division neighborhood with immediate rental income
Unit layout includes two units in a detached house plus a third unit above a detached one‑car garage
5,000 SF lot with partially fenced yard and mature landscaping
Forced‑air heating and a composition roof
Year built: 1914

We can help!

Listing Contact

Darryl Bodle

For Sale

$849,900

MULTI_FAMILY - Portland, OR

Property size:

3,207 SF

Lot size:

0.11 Acres

Price / SF:

$265/SF

Added:: Apr 15, 2026
Days on Market:: 61
Last Refresh:: Jun 14 at 10:06 pm

Property Features for 2735 SE CLINTON St

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R2.5
Bedrooms: 5
Bathrooms: 3
Rooms: Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 5
Standard status: Active
APN: R150702
Size: 3,207 SF
Lot size: 0.11 Acres

Taxes and HOA fees

Tax Description: EAST PORTLAND HTS, BLOCK 2, LOT 10
Tax Annual Amount: 13509

Utilities

Heating system: Forced Air

Building Details

Year built: 1914
Floors in Building: 2
Number of units: 3
Roof type: Composition

We can help!

Listing Contact

Darryl Bodle

Listing agent Darryl Bodle License #199910100

Listing office Keller Williams Realty Portland Premiere 7504 SW Bridgeport Rd, Portland, OR

Listing date Apr 15, 2026

MLS# 580067389 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

Three‑unit income property in Portland’s Clinton‑Division neighborhood with immediate rental income
Unit layout includes two units in a detached house plus a third unit above a detached one‑car garage
5,000 SF lot with partially fenced yard and mature landscaping
Forced‑air heating and a composition roof
Year built: 1914

Overview

This fully leased income-producing triplex is located in Portland's sought-after Clinton-Division neighborhood, offering immediate rental income. The property features three units: two within a detached house and a third above a detached one-car garage, providing flexible rental configurations. Recent updates help reduce near-term capital needs and support long-term rent growth potential. Situated on a 0.11-acre (5,000 sqft) lot with a partially fenced yard and mature landscaping, the property benefits from a highly walkable southeast location near Clinton Street, Division Street, and Hawthorne Boulevard, with access to popular restaurants, cafes, parks, and transit options. This location drives consistent tenant demand and retention. This is an ideal opportunity for investors seeking stable cash flow in a proven rental corridor. The property is zoned R2.5.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$71.2k	$22.20
− Vacancy	−$4.6k	−$1.44
EGI	$66.6k	$20.76
− OpEx	−$20.0k	−$6.23
NOI	$46.6k	$14.53

3,207 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$665.7K

$582.5K – $776.6K (±1% cap)

NOI $46,597 @ 7.0% cap · market cap 5.48%

Second Best

Apartment 5plus

$618.1K

$540.8K – $721.1K (±1% cap)

NOI $43,267 @ 7.0% cap · market cap 5.09%

Theoretical Best

Office A

$765.1K

$669.5K – $892.6K (±1% cap)

NOI $53,557 @ 7.0% cap · market cap 6.30%

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

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.637863
Latitude: 45.503755

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For sale
Triplexes
OR
Portland
97202
2735 SE CLINTON St

What type of property is this?

Triplex - Fully leased triplex in a desirable, walkable Portland location.

Where is this triplex located?

The property is located at 2735 SE CLINTON St Portland, OR.

What is the asking price?

The asking price for this property is $849,900.

What are key features of this property?

This property features: Three‑unit income property in Portland’s Clinton‑Division neighborhood with immediate rental income; Unit layout includes two units in a detached house plus a third unit above a detached one‑car garage; 5,000 SF lot with partially fenced yard and mature landscaping

2735 SE CLINTON St, Portland, OR 97202

MULTI_FAMILY - Portland, OR

Property Features for 2735 SE CLINTON St

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Six-Unit Apartment Community

Single-Level Fourplex with Garages

Detached Cottage Multifamily Portfolio

Modern 4-Unit Residential Property

New Construction Cottage Portfolio

New Multifamily Investment by Park

Versatile Commercial Property with Warehouse

1907 Duplex with Separate Entrances

Rose City Park Multifamily Investment

New Cottage Homes in Beaumont-Wilshire

Four-Unit Residential Income Property

Craftsman Triplex with Three Meters

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