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  • $609,000

    12011 SE Market St, Portland, OR 97216

    6beds
    2,799sqft
    : 
    $4,563/mo
    Get pre-qualified
    Multi Family
    Built in 1961
    -- sqft lot
    $602,600 Zestimate®
    $218/sqft
    $-- HOA

    What's special

    Extensively updatedUpdated fixturesRefinished hardwood floorsInterior paintBonus room or officeExterior paintSpacious unit
    Extensively updated Portland, Oregon triplex offering an excellent opportunity for multifamily investors, owner occupants, and buyers seeking an income producing rental property with future upside. This three unit investment property features long term tenants, strong rental history, significant capital improvements, and documented potential for increased rents as units transition toward market rates. Major improvements completed in 2023 and 2024 include new electrical meters for all three units, exterior paint, soffits, gutters, landscaping, concrete walkways, quartz countertops, refinished hardwood floors, interior paint, updated fixtures, and select new appliances. One spacious unit includes a private patio, bonus room or office, and attached garage. The additional two units each feature oversized private storage rooms approximately 20 x 5 feet. All three units offer designated off street parking, plus visitor parking and shared outdoor space. Financials, leases, and detailed improvement list available upon request. Potential owner occupied multifamily opportunity. Please do not disturb tenants.
    83 days
    |
    439
    |
    36
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Alia Marie Hazen 503-705-8414,

    The Agency Portland

    Source: RMLS (OR),MLS#: 646112361MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Baseboard, Fireplace(s)
      Cooling
      • Wall Unit(s)
      Appliances
      • Included: Disposal, Washer/Dryer, Range, Electric Water Heater
      Features
      • Storage
      • Flooring: Wood
      • Basement: Crawl Space
      Interior area
      • Total structure area: 2,799
      • Total interior livable area: 2,799 sqft

      Property

      Parking
      • Total spaces: 5
      • Parking features: Off Street
      • Garage spaces: 1
      Features
      • Stories: 1
      Lot
      • Size: 0.26 Acres
      • Features: Level, SqFt 10000 to 14999
      Details
      • Parcel number: R332052
      • Zoning: R3A

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Lap Siding
      • Roof: Composition
      Condition
      • Year built: 1961

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Triplex 12011 -12017 Se Market
      Location
      • Region: Portland

      Financial & listing details

      • Price per square foot: $218/sqft
      • Annual tax amount: $6,963
      • Date on market: 6/1/2026
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Total actual rent: 4447
      • Road surface type: Paved

        Estimated market value

        $602,600

        $572,000 - $633,000

        $2,077/mo

        Price history

        DateEventPrice
        6/1/2026Listed for sale$609,000+10.7%$218/sqft
        Source: RMLS (OR) #646112361 Report a problem
        4/10/2025Listing removed$1,495$1/sqft
        Source: Zillow Rentals Report a problem
        4/4/2025Listed for rent$1,495+15.4%$1/sqft
        Source: Zillow Rentals Report a problem
        11/2/2022Sold$550,000$196/sqft
        Source: RMLS (OR) #22394886 Report a problem
        9/2/2022Pending sale$550,000$196/sqft
        Source: RMLS (OR) #22394886 Report a problem
        8/17/2022Listed for sale$550,000+27.9%$196/sqft
        Source: RMLS (OR) #22394886 Report a problem
        7/17/2020Listing removed$1,295
        Source: Rent Portland Homes Professionals Report a problem
        6/29/2020Price change$1,295-4.1%
        Source: Rent Portland Homes Professionals Report a problem
        6/18/2020Listed for rent$1,350
        Source: Rent Portland Homes Professionals Report a problem
        2/26/2019Sold$429,900+3.6%$154/sqft
        Source: RMLS (OR) #19355959 Report a problem
        6/16/2017Sold$415,000$148/sqft
        Source: RMLS (OR) #17687720 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Mill Park

        Getting around

        73 / 100
        Very Walkable
        46 / 100
        Some Transit
        87 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Ventura Park
        • Middle: Floyd Light
        • High: David Douglas

        Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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