8928 SE Rhone Street

This duplex is offered as part of a 13-property, 43-unit residential portfolio that is 98% leased and primarily located throughout Southeast and Northeast Portland. The portfolio will be sold via Sealed Bid Auction on June 3, 2026.The property is a leased duplex located at the end of SE Rhone on a 9,010± sq. ft. lot. Built in 1942, both units feature 2 bedrooms and 1 bathroom and have been well maintained by the seller. There is an opportunity to acquire the adjacent property—also owned by the seller—which includes two leased homes, one vacant studio, and additional land that may support development of a duplex, creating potential for added scale and value. Projected 2026 gross income is $33,060, with real estate taxes of $5,720. Landlord currently pays water, sewer, trash, and landscaping. This offering provides stable in-place income with the potential to expand and enhance long-term returns in a desirable Southeast Portland location.