Property Description

Originally built in 1908 and fully renovated in the last five years, the subject 3-plex features a 2-bed/2-bath unit on the main level (1,260 SF), a 3-bed/2-bath unit on the upper level (1,087 SF), and a 2-bed/1-bath unit on the lower level (1,020 SF). Current rents are below market providing additional upside for an investor. The property would make an ideal opportunity for investors seeking yield, or an owner-occupant looking to live in one unit while rental income pays the mortgage. Following a meticulous renovation of every unit, each unit boasts condo-quality finishes and comprehensive upgrades, including all-new mechanical systems, modern flooring, and designer kitchens and bathrooms. The kitchens are anchored by custom cabinetry, sleek quartz countertops, and premium stainless-steel appliances, while the bathrooms feature sophisticated custom tile showers. This property offers a rare opportunity to hold a piece of Portland's architectural heritage without the headache of historic maintenance. This 1908 triplex has been meticulously renovated, offering the perfect turn-key investment: the timeless character of a century-old build paired with the reliability of a modern renovation. Because it is fully updated, you bypass the common pitfalls of older properties, allowing for immediate occupancy or high-end rentals. In a market where vintage charm is the gold standard, but modern efficiency is the requirement, this property stands out as a high-performing asset that is move-in ready from day one. It offers an exceptional unit mix designed for maximum rental flexibility and appeal. It includes a spacious 2-bedroom/2-bathroom unit on the main level (1,260 SF), a 3-bedroom/2-bathroom unit on the upper level (1,087 SF), and a 2-bedroom/1-bathroom unit on the lower level (1,020 SF).