501 SE 157TH Ave Portland, OR 97233

Located in the Centennial neighborhood, this property features a dividable 0.48-acre lot zoned RM1. It includes three units, each with 2 bedrooms and 1 bathroom, updated to varying degrees. The units have central air conditioning, in-unit washers and dryers, electric or gas ranges, and free-standing refrigerators. Unit 505 features wood flooring, black appliances, a fireplace with brick surround, and a stackable washer and dryer. Unit 511 includes 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, on the lower level, features laminate wood flooring, white appliances, a built-in microwave, and a soaking tub. Residents have access to shared outdoor spaces with a covered back patio, raised garden beds, and an outdoor fireplace. The level backyard offers space for gardening, recreation, or expansion. There are also two rentable garages and driveway parking for at least six vehicles. This property can be subdivided, maintained as an income-producing property, or transformed into a multi-generational living compound.