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    • Price cut: $20K (6/27)
    $819,900

    1700 NE 231st Ct, Troutdale, OR 97060

    7beds
    2,716sqft
    : 
    $6,143/mo
    Get pre-qualified
    Multi Family
    Built in 1980
    -- sqft lot
    $-- Zestimate®
    $302/sqft
    $-- HOA

    What's special

    Fully fenced yardCovered patioQuiet cul-de-sacVinyl windowsStainless-steel kitchen appliancesLvp flooringGranite countertops
    Portland Area Investors!! Are you looking for an investment property with great cash flow that pencils out to an excellent cap rate, AND isn't impacted by City of Portland rental laws? 2026 cap rate projected at 6.41. This Wood Village triplex is in a great 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. Please write offer subject to interior inspection. Do not walk property or disturb renters.
    96 days
    |
    200
    |
    13
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Cindy Smith 503-703-2596,

    RE/MAX Equity Group

    Source: RMLS (OR),MLS#: 211596624MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Forced Air
      Cooling
      • None
      Appliances
      • Included: Dishwasher, Disposal, Refrigerator, Electric Water Heater
      • Laundry: Washer Dryer Hookup
      Features
      • Basement: None
      Interior area
      • Total structure area: 2,716
      • Total interior livable area: 2,716 sqft

      Property

      Parking
      • Total spaces: 7
      • Parking features: Assigned, Paved
      Features
      • Stories: 1
      Lot
      • Size: 0.25 Acres
      • Features: Cul-De-Sac, SqFt 10000 to 14999
      Details
      • Parcel number: R140013
      • Zoning: MR2

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Lap Siding, Panel, T111 Siding
      • Foundation: Concrete Perimeter
      • Roof: Composition
      Condition
      • Updated/Remodeled
      • Year built: 1980

      Utilities & green energy

      • Gas: Gas
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Connected

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Troutdale

      Financial & listing details

      • Price per square foot: $302/sqft
      • Annual tax amount: $5,359
      • Date on market: 5/3/2026
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Total actual rent: 5794
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/27/2026Price change$819,900-2.4%$302/sqft
        Source: RMLS (OR) #211596624 Report a problem
        6/2/2026Price change$839,900-1.2%$309/sqft
        Source: RMLS (OR) #211596624 Report a problem
        5/3/2026Listed for sale$849,900+3%$313/sqft
        Source: RMLS (OR) #211596624 Report a problem
        2/24/2026Listing removed$1,795$1/sqft
        Source: Zillow Rentals Report a problem
        1/3/2026Listed for rent$1,795+9.1%$1/sqft
        Source: Zillow Rentals Report a problem
        10/16/2023Listing removed--
        Source: Zillow Rentals Report a problem
        9/23/2023Listed for rent$1,645+3.1%$1/sqft
        Source: Zillow Rentals Report a problem
        12/2/2022Listing removed--
        Source: RE/MAX International Report a problem
        10/20/2022Price change$824,900-0.5%$304/sqft
        Source: RE/MAX International #22316349 Report a problem
        10/6/2022Price change$829,000-2.4%$305/sqft
        Source: RE/MAX International #22316349 Report a problem
        8/5/2022Listed for sale$849,000$313/sqft
        Source: RE/MAX International #22316349 Report a problem
        2/18/2022Listing removed--
        Source: Zillow Rental Network Premium Report a problem
        2/2/2022Listed for rent$1,595$1/sqft
        Source: Zillow Rental Network Premium 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.
        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.
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        Climate risks

        Neighborhood: 97060

        Getting around

        64 / 100
        Somewhat Walkable
        66 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Salish Ponds
        • Middle: Reynolds
        • High: Reynolds

        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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