503 SE 157TH Ave, Portland, OR 97233
MULTI_FAMILY - Portland, OR
- Added:
- May 4, 2026
- Days on Market:
- 55
- Last Refresh:
- Jun 27 at 6:06 am
Property Features for 503 SE 157TH Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM1
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
- Standard status
- Active
- APN
- R645039
- Size
- 3,012 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Description
- PARTITION PLAT 2011-43, LOT 1
- Tax Annual Amount
- 5438
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 2010
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Composition
Listing agent Mike Agee License #830900045 (503) 504-2499
Listing office John L. Scott Sandy 17150 University Ave Ste 200, Sandy, OR (503) 826-9000
Listing date May 4, 2026
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
- Strong value‑add potential: rents historically below market, increase cash flow to approximately $2,295 per unit per month.
- Each unit boasts 3 bedrooms and 2.5 baths, including a spacious primary suite.
- Private fenced yard and dedicated single‑car garage for each unit, ideal for tenant retention.
- Well‑equipped kitchens include range, dishwasher, microwave hood, and refrigerator.
- Washer/dryer hookups in each unit; at least one unit includes a washer and dryer.
- Built in 2010 with forced air heating and composition roof.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.3k | $21.00 |
| − Vacancy | −$3.3k | −$1.09 |
| EGI | $60.0k | $19.91 |
| − OpEx | −$18.0k | −$5.97 |
| NOI | $42.0k | $13.94 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.501872
- Latitude
- 45.518971
