2940 SE BROOKLYN ST Portland, OR $ 1,750,000
2940 SE BROOKLYN ST
$ 1,750,000
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2940 SE BROOKLYN ST

Portland, OR, 97202
$ 1,750,000
Bedrooms12 Baths6.0 Sq 9,072

Monthly Estimate*

$ 11,050

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Multi-Family Home for sale in Portland, OR

for $1,750,000 with 12 bedrooms and 6 full baths. This 9,072 square foot home was built in 1959 on a lot size of 0.28.

A rare opportunity to acquire two immaculately maintained triplexes side by side in a highly sought-after Southeast Portland location. The properties are offered as a package and must sell and close together, giving a single owner immediate scale on one contiguous site.Every one of the six units is configured to attract and hold quality tenants. Each has its own private garage and its own private basement, accessible only to that tenant. Each has air conditioning. Hardwood floors run throughout. Most units have been updated, and new water service lines have been installed for both buildings.The grounds carry the same standard as the interiors. Impeccable landscaping, a beautiful shared courtyard, and a peaceful, established residential setting that keeps turnover low and tenant quality high.Operations are simple and expenses are light. Tenants pay their own water, sewer, and gas across all six units. The owner's only utility obligation is trash.In-place rents sit roughly 11% below market across the combined portfolio, delivering built-in upside as units turn naturally, without repositioning the asset or displacing tenants. Strong current income, minimal deferred maintenance, and a straightforward path to higher NOI.Assets of this size, condition, and configuration seldom come to market together in this submarket. The combined offering delivers small-portfolio efficiency with the tenant appeal of individual homes.Both properties must sell and close concurrently. All offers subject to interior inspection. Please do not disturb tenants.

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Multi-Family Active

Price

$ 1,750,000

Bedrooms

12

Full Bath

6

Property Type

Multi-Family

Taxes

$ 25,455

Style

Lot Size

0.28

Year Built

1959

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

274001977

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Composition Shingle
Zoning R5
Garage Spaces 6.0
Security Features Sidewalk
Year Built 1959
Stories Count 1
Tax Year 2025
Parcel Number R298879 R298878
Gross Income 159228.0
County Multnomah
Net Operating Income 109806.0
Operating Expense 49422.0
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 6
MLS Area _143
Lot Size Square Feet 12196.0
Listing Terms Cash Conventional
Elementary School Grout
Tax Annual Amount 25455.96
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 4 Baths Total 1
Unit 4 Beds Total 2
Unit 5 Beds Total 2
Unit 6 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4 UnitTypeType5 UnitTypeType6
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Exterior
Parking Features Attached Garage
Lot Features Private Secluded
Water Source PublicWater
Exterior Description Stucco
Building Area Total 9072.0
Lot Size Acres 0.28
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

$13,171
Per Month
84%
16%
0%
Monthly Principal & Interest
$11,050
Monthly Property Taxes
$2,121
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
8/4/2026$1,750,000 Listed Price

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2940 SE BROOKLYN ST, Portland, OR, 97202 is a Multi-Family Home for sale at $1,750,000 with 9,072 sqft and a lot size of 0.28. 2940 SE BROOKLYN ST has 12 bedrooms, 6.0 baths, and was built in 1959. The property's zip code is 97202 which is in Portland, OR