5 Triplexes for Sale Under $800K in East Portland

Buying a multi-plex is a great way to start investing in real estate. You’ll see a return on your investment immediately as the rental income flows in. Or you can opt for an owner-occupied scenario and live in one of the units, leveraging the income from the other units to help you qualify for a mortgage. Portland has many multi-family properties for sale, and we have the full map of all Portland homes for sale.

This week, we found these 5 triplexes for sale under $800K in E Portland. To find these properties, we selected “Multi-family” and set the max price at”$800K.”

Check out these homes below and click on the link above to see what the east side has to offer.

1. 320 NE 61st Ave

Come see this multi-family investment property in the heart of North Tabor. Tenants enjoy a large lot perched above the neighborhood offering beautiful views of the city. The property has excellent upside on rents, which are currently under market. Take advantage of this low price, hot market, and sought-after neighborhood now! Easy access to the freeway, Providence Medical, Multnomah University, and NE Portland’s amazing parks, shops, and restaurants.

2. 7136 SE Tolman St

This updated tri-plex located in the desirable Mt.Scott/Woodstock neighborhood is a great investment opportunity. Updates include a new roof, electrical panel, windows, sewer, plumbing, kitchens, bathrooms, and flooring. Units include one 2-bedroom/1-bath and two 1-bedroom/1-baths. There’s a washer/dryer in two of the units. (The middle unit does not have a washer/dryer.) This one is easy to rent with a low vacancy rate. Please do not disturb the tenants.

3. 5800 SE Woodstock Blvd


This ideally located Woodstock tri-plex has so much to offer! It’s ideally located and close to all the neighborhood amenities and transportation, with plenty of parking and great front and backyard spaces. Each one-bedroom/one-bath unit is clean and has beautiful hardwood floors and a storage unit. There’s also an on-site, coin-operated laundry room. Utilities are metered separately and billed back, and the property has a perfect 10 Home Energy Score! This one is a great investment and/or your next home with extra income: up to 100% financing for owner occupants or 90% financing for investors. Please do not disturb the tenants.

4. 8127 NE Beech St

Here’s a wonderful opportunity to own a cash-flowing tri-plex with great rental history. It has a newer roof, and the two-bedroom unit was recently updated with detailed finishes. All units have access to the basement. The basement below the two-bedroom unit is being rented for $1000/mo on a month-to-month lease, which can vacate after closing as well. Two of the units have access to the desirable attached garage. Easy access to public transportation will make a great long-term hold or owner-occupied investment.

5. 1906 SE Ankeny St

This established Buckman tri-plex is in an incredible location a block from the highly rated Burnside shops and restaurants. The upper unit has two bedrooms/one bath and has stairs to an unfinished attic with potential for another two bedrooms and living space. The attic is not included in the sq. ft. listed here. There’s a two-bed/two-bath on the main level. The basement unit has two separate entrances. Each unit has a full kitchen, and there’s a common laundry downstairs, as well as a storage unit in the basement, plus a two-car detached garage. The roof and gutters have been updated. This one has tons of potential!

Looking for an Investment Property in Portland?

Ready to become a landlord or add to your investment portfolio? We’d love to show you these tri-plexes and any other multi-family properties you’d like to see. We’ll put our 18-year expertise to work for you to find the best possible property to meet your needs. Call our top 1% buyer’s agents today at 503-773-0000 or chat with the bot on our site.

Written by Stephen FitzMaurice
Published on June 9, 2022