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8818 SE Rhone Street Portland, OR $ 45,000
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$ 45,000 Get more info
8818 SE Rhone Street
$ 45,000
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Open House 5/30 1am - 3pm
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8818 SE Rhone Street

Portland, OR, 97266
$ 45,000
Baths0.0

Monthly Estimate*

$ 277

Listed by Savi Realty
8818 SE Rhone Street, Portland, OR 97266 - Image 1
8818 SE Rhone Street, Portland, OR 97266 - Image 2
8818 SE Rhone Street, Portland, OR 97266 - Image 3
Studio

Multi-Family Home for sale in Portland, OR

for $45,000. This home was built in 1942 on a lot size of 0.6288.

These three home are being offered together as part of a 13-property, 43-unit residential portfolio that is 98% leased. Primarily located in Southeast and Northeast Portland, the portfolio is being sold via Sealed Bid Auction on June 3, 2026.All three homes and the vacant land are on a 27,352± Sq. Ft. tax lot. RM1 zoning could allow a duplex on the undeveloped portion of the property so new owner could expand rental income to five units. The small home has been renovated and is currently being used as an office by the Seller. Projected 2026 gross income is $34,860 and could be increased by $1,000± a month with leasing of home currently used as office. Real estate taxes are $8,388. Landlord is responsible for trash.

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Open House

5/30/2026 1:00 AM - 3:00 PM
8818 SE Rhone Street Portland, OR
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
Multi-Family Active

Price

$ 45,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 8,338

Style

Tri-plex

Lot Size

0.6288

Year Built

1942

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

2530891
Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 2
Year Built 1942
Property Subtype Multi Family
Tax Year 2025
County Multnomah
Net Operating Income 23809
Insurance Expense 0
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Oregon
Special Listing Conditions Auction None
Status Active
Directions SE Rhone Street
High School Leodis V. McDaniel High
City Portland
Senior Community Y/N N
High School District Portland Public
Number Of Units Total 3
MLS Area 2000 - Oregon
Lot Size Units Square Feet
Lot Size Square Feet 27392
Carport Spaces 1
Carport Y/N N
Listing Terms Cash Conventional See Remarks
Tax Annual Amount 8338.48
Electric Expense 0
Fuel Expense 0
Public Remarks These three home are being offered together as part of a 13-property 43-unit residential portfolio that is 98% leased. Primarily located in Southeast and Northeast Portland the portfolio is being sol
Leasable Area 1875
Structure Type Triplex
Building Area Units Square Feet
Standard Status Active
Units Below Grade false
Water Sewer Garbage 0
Property Style 53 - Tri-plex
Cap Rate 0.05
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Exterior
Exterior Amenities Cement Planked
Total Parking 7
Building Area Total 0
Lot Size Acres 0.6288
Waterfront Y/N N
Covered Spaces 3
Irrigation Water Rights Y/N N
Parking Uncovered Total 4
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Interior
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2530891
Street Number 1 8818
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* Excluded Features
List By
Gabe Terreson

Listing Agent

Savi Realty

Broker

Affordability Calculator

$972
Per Month
29%
71%
0%
Monthly Principal & Interest
$277
Monthly Property Taxes
$695
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
5483084 Elementary School
5483087 Middle School
Leodis V. McDaniel High High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/29/2026$45,000 Listed Price

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8818 SE Rhone Street, Portland, OR, 97266 is a Multi-Family Home for sale at $45,000 with a lot size of 0.6288. 8818 SE Rhone Street is a studio with 0.0 baths and was built in 1942. The property's zip code is 97266 which is in Portland, OR

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