Overview
- 3
- 2
- 1.0
- 2200 Sqft
- 1956
- SingleFamilyResidence, Residential
- 778131711
- 0.22 Acres
- Opt
- Drew Coleman
Description
Turnkey Investment with High-Quality Tenant and strong Cash Flow. This is an ideal opportunity for investors seeking reliable, above-market income from day one. This well-maintained property lives like a duplex with two kitchens, two living areas, and a flexible layout including a lower-level suite with exterior access.The current long-term tenant runs an on-site licensed, state-funded childcare business. Government subsidies back the rent, offering consistent, guaranteed income. The tenant maintains the property well and is open to a long-term lease with built-in renewal options.Upgrades include a newer furnace, A/C, LVP flooring, an updated kitchen downstairs, newer appliances (fridge, dishwasher, washer/dryer), fresh interior/exterior paint, a covered deck, updated windows, a DEQ-certified oil tank decommission, and asbestos/lead paint clearance.Zoned residential and in a quiet neighborhood, this property offers strong immediate returns, minimal management, and a tenant who treats it like their own. It is perfect for investors seeking a high-performing, low-drama asset with long-term upside.
Details
Updated on March 10, 2026 at 7:12 am-
MLS# 778131711
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Price $525,000
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Property Size 2200 Sqft
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Land Area 0.22 Acres
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Bedrooms 3
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Bathrooms 2
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Car Garage 1.0
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Garage Size x x
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Year Built 1956
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Property Type SingleFamilyResidence, Residential
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Property Status Active
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Office Name Opt
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Agent Name Drew Coleman
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Office Phone 503-908-4908
Additional details
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Listing Terms Cash, Conventional, FHA, VALoan
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Roof Composition
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Sewer Public Sewer
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Cooling Central Air
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Heating Forced Air
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County Multnomah
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Property Type Residential
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Parking Driveway, Off Street
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Elementary School Lincoln Park
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Middle School Ron Russell
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High School David Douglas
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Architectural Style Daylight Ranch, Ranch
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