2940 SE BROOKLYN ST, Portland, OR 97202
- $1,750,000
- 9,072
- SqFt
- List Price
- $1,750,000
- Days on Market
- 4
- MLS#
- 274001977
- Property Type
- Multifamily
- Sqft. of Residence
- 9,072
- Lot Size
- 10, 000 to 14, 999 SqFt
- Region
- Portland Southeast
- Status
- ACTIVE
Property Description
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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Additional Information
- Tax Amount
- $25,455
- Year Built
- 1959
- High School
- Cleveland
- Elementary School
- Grout
- Middle School
- Hosford
- Garage Spaces
- 6
- Acres
- 0.28
- Living Area
- 9,072
- Stories
- 1
- Subdivision
- RICHMOND
- Terms
- Cash, Conventional
- Cooling Description
- Central Air
- Fuel Description
- Gas
- Heating Description
- Forced Air
- Hoa Rent Includes
- Trash Collection
- Hot Water Description
- Gas
- Exterior Description
- Stucco
- Roof Type
- Composition, Shingle
- Sewer Description
- Public Sewer
- Parking
- Attached, Garage
- Security Or Entry
- Sidewalk
- Parking Description
- Attached, Garage
- Road Surface
- Paved
- Number Of Units Total
- 6
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 2125
- Unit Type One Sq Ft
- 1356
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 2150
- Unit Type Three Sq Ft
- 1591
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 1
- Unit Type Four Beds Total
- 2
- Unit Type Four Rent
- 2299
- Unit Type Four Sq Ft
- 1596
- Unit Type Four Units Total
- 1
- Unit Type Five Rent
- 2150
- Unit Type Five Sq Ft
- 1543
- Unit Type Five Units Total
- 1
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Listing courtesy of Rarebird Real Estate.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.