2431 SE 141ST AVE, Portland, OR 97233
- $850,000
- 4,516
- SqFt
- Sold Price
- $850,000
- List Price
- $850,000
- Closing Date
- Aug 14, 2026
- Days on Market
- 136
- MLS#
- 680828430
- Property Type
- Multifamily
- Sqft. of Residence
- 4,516
- Lot Size
- 7, 000 to 9, 999 SqFt
- Region
- Portland Southeast
- Status
- SOLD
Property Description
Excellent Investment Opportunity – Well-Maintained Custom-Built 4-PlexWhether you're looking to expand your investment portfolio or purchase your first income-producing property, this custom-built 4-plex offers a rare opportunity. Live in one unit while generating rental income from the others, or lease all four units for maximum cash flow. Meticulously maintained throughout, the property features spacious floor plans with abundant natural light, functional layouts, and private outdoor patio spaces. Each unit is separately metered for electricity, simplifying utility management. Unit Details: Unit #1: 672 sf one-bedroom apartment is located above the three-car garage on the east side of the property. Maintenance in 2022 includes fresh paint, new carpet, appliances replaced as needed Unit #2: 2,275 sf townhouse featuring a private enclosed patio, a main-level half bath, and three bedrooms with one full and one-half bath upstairs. Currently vacant and available for showings. Maintenance in 2024 included Fresh interior paint, new carpet, new vinyl kitchen floorUnit #3: 1,074 sf townhouse with a private enclosed patio, two bedrooms, and one and one-half bathrooms. Maintenance in 2023 included new refrigerator, 2025 included new carpet and fresh paint. Unit #4: 1,660 sf ground-level unit built to 1998 ADA standards, offering a private enclosed patio, three bedrooms, and two bathrooms. Maintenance in 2025 included new dishwasher and refrigerator. All tenants are currently on month-to-month leases, providing flexibility for the next owner. Interior inspections of three occupied units will be available upon an accepted offer.This is an outstanding opportunity for investors seeking dependable rental income with future upside potential. Located near convenient public transportation, the property offers strong tenant appeal in a desirable location. Please do not walk the property or disturb the tenants. Unit #2 is vacant and ready to show by SA attended appointment.
Additional Information
- Tax Amount
- $11,590
- Year Built
- 1998
- High School
- David Douglas
- Elementary School
- Lincoln Park
- Middle School
- Ron Russell
- Garage Spaces
- 3
- Acres
- 0.22
- Living Area
- 4,516
- Subdivision
- Hazelwood
- Lot Size Dimension
- 50' x 187'
- Terms
- Cash, Conventional, FHA
- Cooling Description
- Wall Unit(s)
- Fuel Description
- Electricity, Gas
- Heating Description
- Forced Air, Wall Heater
- Hoa Rent Includes
- Sewer, Trash Collection, Water
- Hot Water Description
- Gas
- Exterior Description
- Vinyl Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- Assigned, Garage
- Security Or Entry
- Security Lights
- Parking Description
- Assigned, Garage
- Road Surface
- Paved
- Number Of Units Total
- 4
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 1
- Unit Type One Rent
- 1325
- Unit Type One Sq Ft
- 672
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 3
- Unit Type Two Beds Total
- 3
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 2
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 1550
- Unit Type Three Sq Ft
- 1074
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 2
- Unit Type Four Beds Total
- 3
- Unit Type Four Rent
- 1660
- Unit Type Four Sq Ft
- 1334
- Unit Type Four Units Total
- 1
Mortgage Calculator
Listing courtesy of John L. Scott Portland Metro. Selling Office: Premiere Property Group, LLC.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.