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Residential > Multi-family
Active
04/16/2025
List Price
$889,900$328/ft²

1700 1704 231st Ct
Wood Village, OR 97060

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  • Malobo BannerMalobo Banner Square
    1700 1704 231st Ct, Wood Village, OR 97060 is a 7 bed, 4 bath, 2,716 ft² multi-family home house built in 1980 on a 0.250 acre lot. This multi-family home is currently on the market for $889,900.

    MLS Description

    The listing agent's description. Original Listing

    Portland Area Investors!! This triplex has great cash flow, pencils out to a 6.12% cap rate, and isn't impacted by City of Portland rental laws! Current monthly rents total $5524 and all three units are fully rented. This Wood Village triplex is in an excellent location and has been exceptionally well cared for. The large .25-acre lot is on a quiet cul-de-sac with quick access to I-84, bus lines, public parks, dining, retail and outlet shopping. Recent investment of approximately $25K in improvements. The units have all benefited from interior updates intended to keep maintenance costs low. Each one level unit has a washer/dryer hookup, a fully fenced yard, and a covered patio. Two units have new storage sheds for renters' use. The numerous updates you'll find inside and out include new exterior paint in 2021, vinyl windows, LVP flooring, and even granite countertops & stainless-steel kitchen appliances in one unit. There are also 7 off-street parking spaces. This is a unique opportunity to obtain a high-quality investment property that has been in the same ownership for over 40 years. Seller will consider Buyer credit to assist with interest rate buydown! Please write offer subject to full inspection; one unit is available for viewing by qualified Buyers. Do not walk property or disturb renters.

    Listing Agents

    The listing agent for 1700 1704 231st Ct is Cindy Smith.

    Current Ownership

    Information about the current owner(s).

    Property History

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    Property Events

    Environment

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    School Information

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    Neighborhood

    This property is located in Coreander, Wood Village, OR 97060.

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    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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