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Listed by Living Room Realty
Bought with Living Room Realty
Bought with Living Room Realty
$ 1,012,500
$ 1,050,000 3.6%
Est. payment /mo
Sold on 06/08/2026
2903 SE PINE ST Portland, OR 97214
3,500 SqFt
UPDATED:
Key Details
Sold Price $1,012,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $289
Subdivision Kerns
MLS Listing ID 133210420
Sold Date 06/08/26
HOA Y/N No
Year Built 1967
Annual Tax Amount $11,512
Tax Year 2025
Lot Size 3,920 Sqft
Property Description
Well-maintained and professionally managed fourplex in the highly desirable Kerns neighborhood—an exceptional turnkey investment opportunity with a true 5.47% cap rate. The property features two townhouse-style units with 2 bedrooms and 1.5 baths, along with two single-level units offering 2 bedrooms and 1 bath.All units include covered off-street parking—a rare and valuable amenity in this area. Interior features include hardwood floors, built-in dishwashers, and access to on-site laundry.Ideally located near Ken's Artisan Bakery, CREMA Coffee + Bakery, Whole Foods Market, Bamboo Sushi, and Laurelhurst Park, with countless additional dining and lifestyle options nearby.Units experience minimal turnover and lease quickly when available, supporting stable and consistent income. Walk Score of 95 "Walker's Paradise."
Location
State OR
County Multnomah
Community Laundry
Area _143
Zoning R2.5
Interior
Heating Wall Heater
Cooling None
Exterior
Community Features Laundry
Roof Type Composition
Garage No
Building
Lot Description Corner Lot
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Sunnyside Env
Middle Schools Sunnyside Env
High Schools Franklin
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
