2940 SE BROOKLYN ST Portland, OR $ 875,000
2940 SE BROOKLYN ST
$ 875,000
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2940 SE BROOKLYN ST

Portland, OR, 97202
$ 875,000
Bedrooms6 Baths3.0 Sq 2,736

Monthly Estimate*

$ 5,525

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Multi-Family Home for sale in Portland, OR

for $875,000 with 6 bedrooms and 3 full baths. This 2,736 square foot home was built in 1959 on a lot size of 0.14.

Immaculately maintained triplex in a highly sought-after Southeast Portland location, offered in conjunction with the neighboring triplex. Both properties must sell and close together.Each unit lives like a home. Private garage and private basement space accessible only to that tenant, a feature that consistently drives demand and retention in this rental pool. Air conditioning in every unit. Hardwood floors throughout. Most units have been updated, and new water service lines serve each building.The setting sets this offering apart: impeccable landscaping, a beautiful central courtyard, and a peaceful, established residential block that tenants do not leave easily.Operating expenses are light for ownership. Tenants pay their own water, sewer, and gas. The landlord pays trash only.Current rents sit approximately 12% below market, delivering immediate upside to a new owner without repositioning the asset or displacing tenants. Strong in-place income, minimal deferred maintenance, and a clear path to higher NOI.An uncommon opportunity to acquire six units side by side in one of Portland's most durable rental submarkets, with the scale advantages of a small multifamily portfolio and the tenant appeal of individual homes.Sold subject to the concurrent sale of the adjacent triplex. All offers subject to interior inspection. Please do not disturb tenants.

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Multi-Family Active

Price

$ 875,000

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 12,727

Style

Lot Size

0.14

Year Built

1959

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

787062550

Features
General
Sewer PublicSewer
Heating ForcedAir WallHeater
Cooling CentralAir
Roof Composition Shingle
Zoning R5
Garage Spaces 3.0
Year Built 1959
Stories Count 1
Tax Year 2025
Parcel Number R298879
Gross Income 77100.0
County Multnomah
Net Operating Income 57825.0
Operating Expense 19275.0
Property Type MultiFamily
HOA N
Subdivision Name RICHMOND
Rent Includes TrashCollection
Status Active
Directions Powell North on 29th East on Brooklyn
High School Cleveland
City Portland
Disclosures Disclosure
Number Of Units Total 3
MLS Area _143
Lot Size Square Feet 6098.0
Listing Terms Cash Conventional
Elementary School Grout
Tax Annual Amount 12727.98
Middle/Junior High School Hosford
Property Condition Approximately
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description WAVERLEIGH HTS BLOCK 20 W 1/2 OF LOT 16 LOT 17
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Interior
Basement Unfinished
Storage Basement
Hot Water Gas
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 Attached Garage
Lot Features Private
Water Source PublicWater
Exterior Description Stucco
Building Area Total 2736.0
Lot Size Acres 0.14
Road Surface Type Paved
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Internal Only
Street Number 1 2940
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* Excluded Features
List By
Rarebird Real Estate

Broker

ben@rarebirdrealestate.com

Email

Affordability Calculator

$6,585
Per Month
84%
16%
0%
Monthly Principal & Interest
$5,525
Monthly Property Taxes
$1,061
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.
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Nearby
1949298 Elementary School
1950530 Middle School
Cleveland High School High School
Pricing History
DatePricePrice ChangeDescription
7/31/2026$875,000 Listed Price

Map


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2940 SE BROOKLYN ST, Portland, OR, 97202 is a Multi-Family Home for sale at $875,000 with 2,736 sqft and a lot size of 0.14. 2940 SE BROOKLYN ST has 6 bedrooms, 3.0 baths, and was built in 1959. The property's zip code is 97202 which is in Portland, OR