2903 SE PINE ST Portland, OR $ 1,050,000
2903 SE PINE ST
$ 1,050,000
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2903 SE PINE ST

Portland, OR, 97214
$ 1,050,000
Bedrooms8 Baths6.0 Sq 3,500

Monthly Estimate*

$ 6,465

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Multi-Family Home for sale in Portland, OR

for $1,050,000 with 8 bedrooms and 6 full baths. This 3,500 square foot home was built in 1967 on a lot size of 0.09.

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."

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Multi-Family Active

Price

$ 1,050,000

Bedrooms

8

Full Bath

6

Property Type

Multi-Family

Taxes

$ 11,512

Style

Lot Size

0.09

Year Built

1967

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

133210420

Features
General
Sewer PublicSewer
Heating WallHeater
Cooling None
Roof Composition
Zoning R2.5
Year Built 1967
Stories Count 2
Tax Year 2025
Parcel Number R126037
Gross Income 91300.0
Community Features Laundry
County Multnomah
Net Operating Income 57434.0
Operating Expense 33866.0
Property Type MultiFamily
HOA N
Subdivision Name KERNS
Rent Includes MaintenanceGrounds Sewer TrashCollection Water
Status Active
Directions SE Pine St. just north of SE 28th.
High School Franklin
City Portland
Disclosures Disclosure
Number Of Units Total 4
MLS Area _143
Lot Size Square Feet 3920.0
Listing Terms Cash Conventional
Elementary School Sunnyside Env
Tax Annual Amount 11512.22
Middle/Junior High School Sunnyside Env
Property Condition Approximately
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description CAMERONS ADD BLOCK 1 LOT 2&3 TL 10700
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Exterior
Parking Features Assigned Covered
Lot Features CornerLot
Water Source PublicWater
Total Parking 4.0
Exterior Description Aluminum CementSiding LapSiding
Building Area Total 3500.0
Lot Size Acres 0.09
Road Surface Type Paved
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Interior
Hot Water Electricity
Unit 1 Baths Total 2
Unit 1 Beds Total 2
Unit 2 Baths Total 2
Unit 2 Beds Total 2
Unit 3 Baths Total 1
Unit 3 Beds Total 2
Unit 4 Baths Total 1
Unit 4 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Internal Only
Street Number 1 2903
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* Excluded Features
List By
Living Room Realty

Broker

davidc@livingroomre.com

Email

Affordability Calculator

$7,424
Per Month
87%
13%
0%
Monthly Principal & Interest
$6,465
Monthly Property Taxes
$959
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
1948948 Elementary School
1949162 Middle School
Franklin High School High School
Pricing History
DatePricePrice ChangeDescription
3/24/2026$1,050,000 Listed Price

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2903 SE PINE ST, Portland, OR, 97214 is a Multi-Family Home for sale at $1,050,000 with 3,500 sqft and a lot size of 0.09. 2903 SE PINE ST has 8 bedrooms, 6.0 baths, and was built in 1967. The property's zip code is 97214 which is in Portland, OR