Pending

Price cut: $20K (5/26)

$1,279,900

503 SE 157th Ave, Portland, OR 97233

12beds

6,076sqft

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Multi Family

Built in 2010

-- sqft lot

$-- Zestimate^®

$211/sqft

$-- HOA

What's special

Dedicated single-car garagePrivate fenced yardMicrowave hoodSpacious primary suiteWell-equipped kitchens

Investor-ready duplex offering strong value-add potential. Each unit features 3 bedrooms and 2.5 baths with spacious primary suite, private fenced yard, and dedicated single-car garage—an ideal setup for long-term tenant retention. Well-equipped kitchens include range, dishwasher, microwave hood, refrigerator, and washer/dryer hookups; 3 of the 4 units include a washer and dryer. Rents are historically below market with reliable long-term tenants in place, presenting an excellent opportunity to increase cash flow. Current rent comparisons support potential rents of approximately $2,295 per unit per month. Please do not disturb tenants. *Interior photos are of the vacant unit at 15650 SE Stark St. Seller holds an active Real Estate License in OR.

64 days

104

7

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 12
Full bathrooms: 8
Partial bathrooms: 4

Heating

Forced Air

Appliances

Included: Dishwasher, Microwave, Range, Refrigerator, Gas Water Heater
Laundry: Washer Dryer Hookup

Features

Basement: Crawl Space

Interior area

Total structure area: 6,076
Total interior livable area: 6,076 sqft

Property

Parking

Total spaces: 4
Parking features: Driveway, Garage
Garage spaces: 4
Has uncovered spaces: Yes

Features

Stories: 2

Lot

Size: 4,356 Square Feet
Features: Corner Lot, Level, On Busline, SqFt 3000 to 4999

Details

Additional parcels included: R645040
Parcel number: R645039
Zoning: RM1

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Cement Siding
Foundation: Concrete Perimeter
Roof: Composition

Condition

Approximately
Year built: 2010

Utilities & green energy

Gas: Gas
Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Portland

Financial & listing details

Price per square foot: $211/sqft
Tax assessed value: $578,040
Annual tax amount: $12,513
Date on market: 5/4/2026
Cumulative days on market: 65 days
Listing terms: Cash,Conventional
Total actual rent: 6880
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/29/2026	Pending sale	$1,279,900$211/sqft
Source: RMLS (OR) #563101202 Report a problem
5/26/2026	Price change	$1,279,900-1.5%$211/sqft
Source: RMLS (OR) #563101202 Report a problem
5/4/2026	Listed for sale	$1,299,900$214/sqft
Source: RMLS (OR) #563101202 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,438 +4.3%	$235,060 +3%
2024	$5,214 +4.5%	$228,220 +3%
2023	$4,992 +2.5%	$221,580 +3%
2022	$4,870 -0.9%	$215,130 +3%
2021	$4,913 +12.1%	$208,870 +3%
2020	$4,381 +3.9%	$202,790 +3%
2019	$4,216	$196,890 +3%
2018	$4,216 +3.5%	$191,160 +3%
2017	$4,074 +7.6%	$185,600 +3%
2016	$3,785	$180,200 +3%
2015	$3,785 +2.6%	$174,960 +3%
2014	$3,690 +4.2%	$169,870 +3%
2013	$3,540 +5.3%	$164,930 +3%
2012	$3,361	$160,130

Find assessor info on the county website

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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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