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5105 5109 SE TIBBETTS ST Portland, OR $ 760,000
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$ 760,000 Get more info
5105 5109 SE TIBBETTS ST
$ 760,000
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5105 5109 SE TIBBETTS ST

Portland, OR, 97206
$ 760,000
Bedrooms5 Baths3.0 Sq 3,420

Monthly Estimate*

$ 4,741

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Multi-Family Home for sale in Portland, OR

for $760,000 with 5 bedrooms and 3 full baths. This 3,420 square foot home was built in 1956.

Assumable FHA loan at 3.25% interest, buyer must apply to qualify. Here is a great opportunity to own an income generating duplex, in a great location, bringing in nearly $5,000 per month and $60,000 gross revenue annually. Cap. rate at 5.6% with low operating expenses and taxes, blocks from SE Division on a quiet street with 2 driveways, on an oversized corner lot. Updates include newer floors, appliances and bathroom/kitchen finishes. Solid rental history with tenants in place who are all willing to stay. Don't miss out on this tremendous opportunity to diversify your rental portfolio and/or take on your first investment property and live in the non-conforming 3rd unit. DND Tenants.

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Multi-Family Active

Price

$ 760,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 6,700

Style

Year Built

1956

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

331659176
Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Composition
Zoning R2.5
Security Features Sidewalk
Year Built 1956
Tax Year 2024
Parcel Number R142608
Gross Income 58944.0
Community Features CentralAir Laundry
County Multnomah
Net Operating Income 44244.0
Operating Expense 14700.0
Property Type MultiFamily
HOA N
Subdivision Name RICHMOND
Rent Includes None
Status Active
Directions S from Division on 51st
High School Franklin
City Portland
Number Of Units Total 3
MLS Area _143
Listing Terms Assumable Cash Conventional FHA VALoan
Elementary School Creston
Tax Annual Amount 6700.1
Middle/Junior High School Kellogg
Property Condition UpdatedRemodeled
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description CRESTON BLOCK 1 S 5' OF LOT 7 LOT 8
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Interior
Basement FullBasement PartiallyFinished
Storage Basement
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit 3 Baths Total 1
Unit 3 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3
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Exterior
Parking Features Carport OffStreet
Lot Features CornerLot Level
Water Source PublicWater
Total Parking 3.0
Exterior Description WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 3420.0
Road Surface Type Concrete Paved
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Internal Only
Street Number 1 5105
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* Excluded Features
List By
Urban Nest Realty

Broker

michael@urbannestpdx.com

Email

Affordability Calculator

$5,300
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,741
Monthly Property Taxes
$558
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949127 Elementary School
3483333 Middle School
Franklin High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/1/2025$760,000 -2.56% Price Down
5/5/2025$780,000 Listed Price

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5105 5109 SE TIBBETTS ST, Portland, OR, 97206 is a Multi-Family Home for sale at $760,000 with 3,420 sqft. 5105 5109 SE TIBBETTS ST has 5 bedrooms, 3.0 baths, and was built in 1956. The property's zip code is 97206 which is in Portland, OR

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