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About the Listing ELRE01 - DAVIESLE,HARPERBR
Classic 1973 garden-style triplex on a 7,500 SF corner lot in Portland’s Central Northeast submarket, fully leased, professionally managed, and operating at stabilized occupancy. Three large 2-bed/2-bath units average about 1,457 SF and function more like townhomes, with in-unit laundry, dishwashers, full appliance packages, and private patios/balconies, offering above-average unit size versus typical competing stock. Six on-site parking spaces (three attached garages plus three paved surface stalls), level topography, and average, easy-to-maintain landscaping support long-term operating efficiency.For investors, the asset is 100% occupied with stable tenancy, clean rent rolls, and professionally prepared financials in a Central Northeast submarket where occupancy and rent growth have shown consistent long-term performance and vacancy is concluded at just 3% in the appraisal’s underwriting. The triplex is zoned R5 with legal, conforming multifamily use and is appraised at a Market Value As Is of $600,000 ($200,000 per unit), supported by both income capitalization and sales comparison approaches, providing a clear basis for pricing and financing. Proximity to I-84, TriMet, and established retail and employment nodes helps sustain renter demand and supports durable cash flow and long-term value appreciation.
Listing Highlights
Interior Details
- Bedrooms: 6
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating: WallHeater
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Crawl Space
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Level
- Garage Capacity: 3 car
- Parking Spaces: 6
- Zoning: R5
- Roof: Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: Attached,Paved
Financial Details
- Tax Amount: $11,069
- Taxes w/Assessments: N/A
- Tax/Property ID: R164966
- Tax Year: N/A
Payment Calculator
Monthly Payment
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4110 NE 42nd Ave Portland, OR 97218
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