2431 SE 141ST AVE
Portland, OR, 97233 $ 850,000
Bedrooms9 Baths8.0 Sq 4,516 Monthly Estimate*
$ 5,367
for $850,000 with 9 bedrooms and 8 full baths. This 4,516 square foot home was built in 1998 on a lot size of 0.22.
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.
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FeaturesGeneralSewer PublicSewer
Heating ForcedAir WallHeater
Cooling WallUnit
Roof Composition
Zoning Mul
Garage Spaces 3.0
Security Features SecurityLights
Year Built 1998
Tax Year 2025
Parcel Number R236416
Gross Income 68097.0
County Multnomah
Net Operating Income 38992.0
Operating Expense 29105.0
Property Type MultiFamily
HOA N
Subdivision Name Hazelwood
Rent Includes Sewer TrashCollection Water
Status Pending
Directions SE Division to 141st and turn north
High School David Douglas
City Portland
Disclosures Disclosure
Number Of Units Total 4
MLS Area _143
Lot Size Square Feet 9583.0
Listing Terms Cash Conventional FHA
Elementary School Lincoln Park
Tax Annual Amount 11590.24
Middle/Junior High School Ron Russell
Standard Status Pending
Accessory Dwelling Unit Y/N N
Legal Description PARKTOWN ADD BLOCK 1 N 50' OF LOT 1&2
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InteriorBasement CrawlSpace
Storage Attached Garage
Hot Water Gas
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 3
Unit 2 Beds Total 3
Unit 3 Baths Total 2
Unit 3 Beds Total 2
Unit 4 Baths Total 2
Unit 4 Beds Total 3
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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ExteriorParking Features Assigned Garage
Lot Features Level
Water Source PublicWater
Total Parking 4.0
Exterior Description VinylSiding
Foundation Details ConcretePerimeter
Building Area Total 4516.0
Lot Dimensions 50' x 187'
Lot Size Acres 0.22
Road Surface Type Paved
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* Excluded FeaturesList ByJohn L. Scott Portland MetroBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,367
- Monthly Property Taxes
- $966
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyMulti-family listings in Portland, OR
Average List Price $1,619,971
Percent of Sale Price 91%
About Portland, OR 646,380 Population
22% Since 2002
$ 62,517 Median Income
39 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
1950348 Elementary School
1950068 Middle School
David Douglas High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/30/2026 | $850,000 | -2.86% | Price Down |
| 4/1/2026 | $875,000 | | Listed Price |