1542 SE MALDEN ST Active Save Request In-Person Tour Request Virtual Tour
Portland,OR 97202
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,054 sqft
Price per Sqft $369
Subdivision Westmoreland/Sellwood
MLS Listing ID 24229575
Year Built 1903
Annual Tax Amount $9,173
Tax Year 2023
Lot Size 6,969 Sqft
Property Description
Now is your opportunity to own an income producing triplex in the heart of Sellwood. Occupant of 18 years just moved out, giving you the chance to update to your liking and find your own renters. The main floor 2-bedroom features high ceilings and vintage details with a fantastic floorplan, an expansive front porch, quaint back porch off the kitchen for access to the spacious, fenced backyard and a slider off the bedroom to a private deck. Ultra-livable 1-bedroom upstairs units are light and bright, with open kitchens, ample storage and a picturesque, covered balcony for relaxing outdoors. Tall crawlspace for storage or future development. The exterior is well maintained, with cedar wood siding, some fresh paint and a newer roof. All units have double-pane vinyl windows, updated plumbing & electrical and washers/dryers. This beautiful gem draws quality long-term tenants, provides great rental income and has almost zero vacancy, plus could be an excellent owner-occupied investment. Large lot with natural landscaping provides enjoyment for nature lovers and the friendly neighborhood vibe makes this rental feel like home. You won’t find a better spot to own investment property. Just a short distance from everything Westmoreland/Sellwood has to offer, from coffee shops, restaurants, a theater, bike shops, vintage stores, gift shops and yoga studios to nearby access to the Willamette River & Oaks Bottom Wildlife Refuge. Just a short hop to OHSU and minutes from downtown Portland, Milwaukie, or Lake Oswego. The R5 zoning should allow for more units (buyer to do their own due diligence regarding density/city codes). Price just reduced, don't miss this incredible value. Please respect the tenants privacy, do not walk the property without an appointment or disturb them. Thank you.
Location
State OR
County Multnomah
Community Alllandscaping
Area _143
Zoning R5
Rooms
Basement Crawl Space
Interior
Heating Forced Air, Wall Heater
Exterior
Community Features AllLandscaping
Roof Type Composition
Parking Type On Street
Garage No
Building
Lot Description Level
Story 2
Foundation Concrete Perimeter, Other
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Llewellyn
Middle Schools Sellwood
High Schools Cleveland
Others
Acceptable Financing Cash,Conventional,FHA,Other,VALoan
Listing Terms Cash,Conventional,FHA,Other,VALoan