This single-family home has been reimagined into three separate living spaces, all of which are fully permitted and approved for year-round short-term rental use. While not permitted as a triplex, the property operates legally and successfully as an Airbnb, offering incredible flexibility and consistent performance. With proven, high occupancy rates and financials accurately reflected in RMLS from the past year of operation, this is a true cash-flow powerhouse. Currently operating as an Airbnb, the property generates $115,000 in annual revenue, with approximately $30,000 in expenses, netting an impressive $85,000 per year. At the $850,000 asking price, that equates to a 10%+ cap rate based on actual performance—rare to find in today’s Portland market. The interiors have been thoughtfully renovated and come fully furnished—every piece of furniture and fixture is included in the sales price, making this an effortless, turnkey investment. Whether you choose to live in one unit and let the other two offset your living costs, or maximize returns by renting the entire property, this is a standout opportunity in the heart of SW Portland. Don’t miss out on this exceptional, income-producing property with strong returns and unbeatable flexibility!
Active
$850,000
9647 SW Capitol Hwy, Portland, OR 97219
3beds
1,661sqft
Residential, Single Family Residence
Built in 1931
4,791 Square Feet Lot
$-- Zestimate®
$512/sqft
$-- HOA
What's special
- 289 days |
- 221 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Jacob Serrill 503-780-7521,
Kelly Right Real Estate of Portland, LLC
Source: RMLS (OR),MLS#: 533610492
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 3
Rooms
- Room types: Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Bathroom
- Level: Main
Bedroom 2
- Features: Bathroom
- Level: Main
Bedroom 3
- Features: Bathroom
- Level: Main
Heating
- Forced Air 95 Plus
Appliances
- Included: Built In Oven, Cooktop, Dishwasher, ENERGY STAR Qualified Appliances, Free-Standing Refrigerator, Microwave, Range Hood, Washer/Dryer, Gas Water Heater
- Laundry: Laundry Room
Features
- High Ceilings, Bathroom
- Flooring: Engineered Hardwood, Hardwood, Vinyl, Wood
- Basement: Partial,Unfinished
Interior area
- Total structure area: 1,661
- Total interior livable area: 1,661 sqft
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio, Porch
- Exterior features: Raised Beds, Yard
- Fencing: Fenced
Lot
- Size: 4,791 Square Feet
- Features: SqFt 3000 to 4999
Details
- Parcel number: R302142
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Residential, Single Family Residence
Materials
- Shake Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1931
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, DSL
Community & HOA
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $512/sqft
- Tax assessed value: $284,740
- Annual tax amount: $4,263
- Date on market: 9/17/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2025 | Listed for sale | $850,000+139.4%$512/sqft |
Source:  RMLS (OR) #533610492 Report a problem | ||
| 6/13/2023 | Sold | $355,000-10.1%$214/sqft |
Source: RMLS (OR) #23193647 Report a problem | ||
| 5/1/2023 | Pending sale | $394,900$238/sqft |
Source: RMLS (OR) #23193647 Report a problem | ||
| 4/29/2023 | Listed for sale | $394,900+83.7%$238/sqft |
Source: RMLS (OR) #23193647 Report a problem | ||
| 7/28/2017 | Sold | $215,000$129/sqft |
Source: RMLS (OR) #17245196 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2017 | $3,382 +14% | $129,730 +3% |
| 2016 | $2,967 | $125,960 +3% |
| 2015 | $2,967 | $122,300 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: Crestwood
Nearby schools
GreatSchools rating
- 9/10Capitol Hill Elementary SchoolGrades: K-5Distance: 1.3 mi
- 8/10Jackson Middle SchoolGrades: 6-8Distance: 0.5 mi
- 8/10Ida B. Wells-Barnett High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Capitol Hill
- Middle: Jackson
- High: Ida B Wells
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
- 97219
- Crestwood
- 9647 SW Capitol Hwy
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