Extensively updated triplex offering stable long term tenancy, significant capital improvements, and future rental upside. 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 features a private patio, bonus room or office, and attached garage, while the additional two units each include oversized private storage rooms of approximately 20 x 5 feet. Every unit offers designated off street parking, plus visitor parking and shared outdoor space. Current rents reflect long term tenancy with documented upside as units transition toward market rents. Financials, leases, and a detailed improvement list are available upon request. Owner occupied purchase opportunities may be available. Please do not disturb tenants.
Active
$609,000
12011 SE Market St, Portland, OR 97216
6beds
2,799sqft
Multi Family
Built in 1961
-- sqft lot
$601,700 Zestimate®
$218/sqft
$-- HOA
What's special
Updated fixturesRefinished hardwood floorsInterior paintBonus room or officeExterior paintSpacious unitVisitor parking
- 38 days |
- 445 |
- 35 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Alia Marie Hazen 503-705-8414,
The Agency Portland
Source: RMLS (OR),MLS#: 646112361
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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
$601,700
$572,000 - $632,000
$2,048/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Listed for sale | $609,000+10.7%$218/sqft |
Source: | ||
| 4/10/2025 | Listing removed | $1,495$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/4/2025 | Listed for rent | $1,495+15.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/2/2022 | Sold | $550,000$196/sqft |
Source: | ||
| 9/2/2022 | Pending sale | $550,000$196/sqft |
Source: | ||
| 8/17/2022 | Listed for sale | $550,000+27.9%$196/sqft |
Source: | ||
| 7/17/2020 | Listing removed | $1,295 |
Source: Rent Portland Homes Professionals Report a problem | ||
| 6/29/2020 | Price change | $1,295-4.1% |
Source: Rent Portland Homes Professionals Report a problem | ||
| 6/18/2020 | Listed for rent | $1,350 |
Source: Rent Portland Homes Professionals Report a problem | ||
| 2/26/2019 | Sold | $429,900+3.6%$154/sqft |
Source: | ||
| 6/16/2017 | Sold | $415,000$148/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Mill Park
Nearby schools
GreatSchools rating
- 3/10Ventura Park Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 5/10Floyd Light Middle SchoolGrades: 6-8Distance: 0.7 mi
- 2/10David Douglas High SchoolGrades: 9-12Distance: 0.7 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Oregon
- Multnomah County
- Portland
- 97216
- Mill Park
- 12011 SE Market St






