Turnkey Portland Multi-Unit — 6.97% Cap Rate, Fully Occupied. Rare opportunity with three separate income-producing units, all currently rented on month-to-month terms. Estimated 6.97% cap rate at the current list price; financials available upon request, buyer to independently verify income, expenses, and investment performance. Unit A (2 bed / 2 bath): Built in 2019 with an open kitchen, dining, and living area, LVT flooring, a laundry room, fresh interior paint, gas heat and central air, and its own exterior storage room.Unit B (1 bed / 1 bath): Set behind the main home with an open living area, ductless electric heat and A/C, laundry/storage space, and its own exterior storage room. Updates include a 2019 roof, partial siding, and kitchen plumbing and electrical improvements.Studio (detached): A versatile open living area with a small kitchen counter and sink, full bathroom, electric heat, and a 2019 roof.Grounds: A shared private patio between the three units, shaded by a mature grape arbor.ALL UNITS ARE TENANT OCCUPIED — please do not disturb tenants or enter the property. Seller holds an Oregon real estate license.
Active
$499,900
8044 SE Malden St, Portland, OR 97206
3beds
2,324sqft
Multi Family
Built in 2019
-- sqft lot
$-- Zestimate®
$215/sqft
$-- HOA
What's special
Exterior storage roomFresh interior paintElectric heatLaundry roomLvt flooringShared private patioPartial siding
- 12 hours
- 147
- 7
Zillow last checked:
Listing updated:
Listed by:
Korrie Hicks 503-680-4371,
KOR Realty
Source: RMLS (OR),MLS#: 643475745
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Ductless, Forced Air
Cooling
- Central Air, Heat Pump, Air Conditioning
Appliances
- Included: Range, Gas Water Heater
- Laundry: Washer Dryer Hookup
Features
- Storage
- Basement: Crawl Space
Interior area
- Total structure area: 2,324
- Total interior livable area: 2,324 sqft
Property
Parking
- Total spaces: 4
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Stories: 1
Lot
- Size: 6,534 Square Feet
- Features: Level, SqFt 5000 to 6999
Details
- Parcel number: R274283
- Zoning: RM1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Lap Siding
- Roof: Composition
Condition
- Existing
- Year built: 2019
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Commons
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $215/sqft
- Tax assessed value: $559,760
- Annual tax amount: $5,951
- Date on market: 10/5/2026
- Listing terms: Cash,Conventional
- Total actual rent: 3690
- Road surface type: Gravel, Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/5/2026 | Listed for sale | $499,900+238.9%$215/sqft |
Source:  RMLS (OR) #643475745 Report a problem | ||
| 5/27/2025 | Listing removed | $1,875$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/15/2025 | Listed for rent | $1,875+13.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 6/6/2019 | Listing removed | $1,650$1/sqft |
Source: Owner Report a problem | ||
| 5/25/2019 | Listed for rent | $1,650$1/sqft |
Source: Owner Report a problem | ||
| 8/23/2015 | Sold | $147,525+391.8%$63/sqft |
Source: RMLS (OR) #15636529 Report a problem | ||
| 5/16/2015 | Price change | $30,000-80.6%$13/sqft |
Source: Auction.com Report a problem | ||
| 1/27/2015 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
| 6/26/2007 | Sold | $154,500+47.1%$66/sqft |
Source: Public Record Report a problem | ||
| 3/31/2004 | Sold | $105,000$45/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,951 +3.7% | $220,860 +3% |
| 2024 | $5,737 +4% | $214,430 +3% |
| 2023 | $5,517 +2.2% | $208,190 +3% |
| 2022 | $5,397 +1.7% | $202,130 +3% |
| 2021 | $5,306 +9% | $196,250 +3% |
| 2020 | $4,867 +26.7% | $190,530 +25.7% |
| 2019 | $3,842 | $151,600 +71.5% |
| 2018 | $3,842 +71.5% | $88,420 +3% |
| 2017 | $2,240 +14% | $85,850 +3% |
| 2016 | $1,965 | $83,350 +3% |
| 2015 | $1,965 +2.7% | $80,930 +3% |
| 2014 | $1,914 +8% | $78,580 +3% |
| 2013 | $1,771 +12.7% | $76,300 +3% |
| 2012 | $1,572 -1.9% | $74,080 +3% |
| 2011 | $1,603 +5.4% | $71,930 +3% |
| 2010 | $1,521 +2.7% | $69,840 +3% |
| 2009 | $1,481 +6% | $67,810 +3% |
| 2008 | $1,398 +0.3% | $65,840 +3% |
| 2007 | $1,394 +11.4% | $63,930 +3% |
| 2006 | $1,252 +4.7% | $62,070 +3% |
| 2005 | $1,196 -8.2% | $60,270 +3% |
| 2004 | $1,303 +2.3% | $58,520 +3% |
| 2003 | $1,274 +8.9% | $56,820 +3% |
| 2002 | $1,170 +7.4% | $55,170 +6.1% |
| 2000 | $1,090 | $52,010 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Brentwood-Darlington
Nearby schools
Schools provided by the listing agent
- Elementary: Whitman
- Middle: Brentwood
- High: Cleveland
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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