201 SE 176TH PL Portland, OR $ 674,900
201 SE 176TH PL
$ 674,900
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201 SE 176TH PL

Portland, OR, 97233
$ 674,900
Bedrooms6 Baths3.0

Monthly Estimate*

$ 4,261

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Multi-Family Home for sale in Portland, OR

for $674,900 with 6 bedrooms and 3 full baths. This home was built in 1977 on a lot size of 0.27.

Turnkey triplex offering an exceptional opportunity to add a well-maintained, income-producing property to your rental portfolio—without the significant work or deferred maintenance often associated with multifamily investments. Each of the three spacious units lives more like a townhome than a traditional apartment, thanks to the appealing split-level design with the living room and kitchen upstairs and bedrooms and bathroom downstairs. The layout creates excellent separation between living and sleeping spaces while giving each unit a comfortable, house-like feel. Each unit also has its own private deck, garage, and additional off-street parking, while the large lot and quiet grassy backyard provide plenty of outdoor space. The property has been carefully maintained and updated, including newer exterior paint and updated flooring and carpet in many areas. All three units are occupied by clean, established tenants, providing immediate rental income and a smooth transition for the next owner. Unit 205 was previously an owner’s unit and features additional upgrades including a mini-split HVAC system with air conditioning, stainless steel appliances, a wonderfully remodeled bathroom and upgraded flooring. Large bay windows bring abundant natural light into the spacious living areas. Located on a nice block near Burnside Avenue and MAX light rail access, the property combines convenience with a quiet residential setting. With no significant work needed, strong existing tenancy, individual garages, spacious townhome-style floor plans, and potential for future rent increases, this is a rare opportunity to acquire a truly turnkey triplex that is ready to perform from day one.

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Multi-Family Active

Price

$ 674,900

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 7,449

Style

Lot Size

0.27

Year Built

1977

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

171257531

Features
General
Sewer PublicSewer
Heating Baseboard MiniSplit
Cooling MiniSplit
Roof Composition
Zoning MDR24
Year Built 1977
Stories Count 2
Tax Year 2025
Parcel Number R179127
Gross Income 53820.0
County Multnomah
Net Operating Income 35136.0
Operating Expense 18684.0
Property Type MultiFamily
HOA N
Subdivision Name ROCKWOOD
Rent Includes MaintenanceGrounds Sewer TrashCollection Water
Status Active
Directions BURNSIDE SOUTH ON 176 PL ON RIGHT
High School Reynolds
City Portland
Disclosures Disclosure
Number Of Units Total 3
MLS Area _143
Lot Size Square Feet 11761.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Alder
Tax Annual Amount 7449.49
Middle/Junior High School Centennial
Property Condition UpdatedRemodeled
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description HERBOWE BLOCK 1 LOT 3
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Interior
Basement Daylight
Storage Garage
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 Driveway Garage
Lot Features Level
Water Source PublicWater
Exterior Description Brick WoodComposite WoodSiding
Foundation Details ConcretePerimeter
Lot Size Acres 0.27
Road Surface Type Paved
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Internal Only
Street Number 1 201
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* Excluded Features
List By
More Realty

Broker

503-869-7303

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Affordability Calculator

$4,882
Per Month
87%
13%
0%
Monthly Principal & Interest
$4,261
Monthly Property Taxes
$621
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
1951033 Elementary School
5563000 Middle School
Reynolds High School High School
Pricing History
DatePricePrice ChangeDescription
9/15/2026$674,900 Listed Price

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201 SE 176TH PL, Portland, OR, 97233 is a Multi-Family Home for sale at $674,900 with a lot size of 0.27. 201 SE 176TH PL has 6 bedrooms, 3.0 baths, and was built in 1977. The property's zip code is 97233 which is in Portland, OR