Sold

$1,012,500

2903 SE Pine St, Portland, OR 97214

8beds

3,500sqft

Multi Family

Built in 1967

-- sqft lot

$-- Zestimate^®

$289/sqft

$2,379 Estimated rent

Home value

Not available

Estimated sales range

Not available

$2,379/mo

Zestimate^® history

Owner options

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$2,379/mo

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$2,379/mo

Rent Zestimate^®

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$6,189/mo

Est. payment

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$6,189/mo

Est. payment

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What's special

Access to on-site laundryHardwood floorsBuilt-in dishwashersCovered off-street parking

Well-maintained and professionally managed fourplex in the highly desirable Kerns neighborhood—an exceptional turnkey investment opportunity with a true 5.47% cap rate. The property features two townhouse-style units with 2 bedrooms and 1.5 baths, along with two single-level units offering 2 bedrooms and 1 bath.All units include covered off-street parking—a rare and valuable amenity in this area. Interior features include hardwood floors, built-in dishwashers, and access to on-site laundry.Ideally located near Ken’s Artisan Bakery, CREMA Coffee + Bakery, Whole Foods Market, Bamboo Sushi, and Laurelhurst Park, with countless additional dining and lifestyle options nearby.Units experience minimal turnover and lease quickly when available, supporting stable and consistent income. Walk Score of 95 "Walker's Paradise."

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 6
Full bathrooms: 4
Partial bathrooms: 2

Cooling

None

Appliances

Included: Dishwasher, Range, Refrigerator, Electric Water Heater
Laundry: Common Area

Features

Flooring: Hardwood

Interior area

Total structure area: 3,500
Total interior livable area: 3,500 sqft

Property

Parking

Total spaces: 4
Parking features: Assigned, Covered

Features

Stories: 2

Lot

Size: 3,920 sqft
Features: Corner Lot, SqFt 3000 to 4999

Details

Parcel number: R126037
Zoning: R2.5

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Aluminum Siding, Cement Siding, Lap Siding
Roof: Composition

Condition

Approximately
Year built: 1967

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & neighborhood

Community

Community features: Laundry

Location

Region: Portland
Subdivision: Kerns

HOA & financial

Other financial information

Total actual rent: 7500

Other

Other facts

Listing terms: Cash,Conventional
Road surface type: Paved

Price history

Date	Event	Price
6/8/2026	Sold	$1,012,500-3.6%$289/sqft
Source: RMLS (OR) #133210420 Report a problem
4/17/2026	Pending sale	$1,050,000$300/sqft
Source: RMLS (OR) #133210420 Report a problem
3/24/2026	Listed for sale	$1,050,000$300/sqft
Source: RMLS (OR) #133210420 Report a problem