12011 SE MARKET ST Portland, OR $ 609,000
12011 SE MARKET ST
$ 609,000
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12011 SE MARKET ST

Portland, OR, 97216
$ 609,000
Bedrooms6 Baths3.0

Monthly Estimate*

$ 3,750

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Multi-Family Home for sale in Portland, OR

for $609,000 with 6 bedrooms and 3 full baths. This home was built in 1961 on a lot size of 0.26.

Well cared for and extensively updated triplex offering a strong blend of stable tenancy and future upside. Recent improvements include new electrical meters for all three units, exterior paint, soffit replacement, gutter repairs, landscaping, concrete walkway replacement, quartz countertops, refinished hardwood floors, interior paint, and updated appliances in select units. The property offers three well designed units, including one with a private patio, bonus room or office, and garage. The additional units each feature large private storage rooms estimated at approximately 20' x 5'. Each unit includes designated parking, with additional visitor parking and shared yard space. Current rents reflect long term tenancy, with future upside potential as rents adjust to market conditions. Pride of ownership is evident throughout this turnkey investment opportunity. DO NOT DISTURB TENANTS.

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Multi-Family Active

Price

$ 609,000

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 6,963

Style

Lot Size

0.26

Year Built

1961

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

646112361

Features
General
Sewer PublicSewer
Heating Baseboard
Cooling None
Roof Composition
Zoning R3A
Garage Spaces 1.0
Year Built 1961
Stories Count 1
Tax Year 2025
Parcel Number R332052
Gross Income 56822.0
County Multnomah
Net Operating Income 41236.0
Operating Expense 15586.0
Property Type MultiFamily
HOA N
Subdivision Name Triplex 12011 -12017 SE Market
Rent Includes TrashCollection
Status Active
Directions E Stark S on 122nd W on Market - Park in visitor Parking [12011-12017 SE MARKET]
High School David Douglas
City Portland
Disclosures Disclosure
Number Of Units Total 3
MLS Area _143
Lot Size Square Feet 11325.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Ventura Park
Tax Annual Amount 6963.56
Middle/Junior High School Floyd Light
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description SECTION 03 1S 2E TL 9300 0.26 ACRES
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Interior
Basement CrawlSpace
Storage Attached
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
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 OffStreet
Lot Features Level
Water Source PublicWater
Total Parking 5.0
Exterior Description LapSiding
Lot Size Acres 0.26
Road Surface Type Paved
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Internal Only
Street Number 1 12011
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* Excluded Features
List By
The Agency Portland

Broker

ALIA.HAZEN@GMAIL.COM

Email

Affordability Calculator

$4,330
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,750
Monthly Property Taxes
$580
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
1949618 Elementary School
1949051 Middle School
David Douglas High School High School
Pricing History
DatePricePrice ChangeDescription
6/1/2026$609,000 Listed Price

Map


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12011 SE MARKET ST, Portland, OR, 97216 is a Multi-Family Home for sale at $609,000 with a lot size of 0.26. 12011 SE MARKET ST has 6 bedrooms, 3.0 baths, and was built in 1961. The property's zip code is 97216 which is in Portland, OR