UPCOMING EVENT:  1031 Exchange Class on Apr 1, 2026

5105 5109 SE TIBBETTS ST Portland, OR 97206
Price:
$749,000
Units:
3
Acres:
0.13
Unit 1:
1 Bed 1.0 Bath $1,659/mo
Features: Air Conditioning, Fireplace, Hardwood Floors, Refrigerator
Unit 2:
2 Bed 1.0 Bath $2,080/mo
Features: Deck, Fireplace, Hardwood Floors, Refrigerator
Unit 3:
2 Bed 1.0 Bath $1,350/mo
Features: Air Conditioning, Disposal, Range, Washer/Dryer
MLS#:
652700971
Lot Size:
5,000 to 6,999 SqFt
Type:
Multi
Zone:
R2.5
Yr Built:
1956
Taxe/yr:
$6,949.89
County:
Multnomah
Status:
Active
Heat:
Forced Air
Nhood/Bldg:
SOUTH TABOR
View:
Seasonal
Elem:
Creston
Middle:
Kellogg
High:
Franklin
Lot Desc:
Corner Lot, Level
Area:
Portland Southeast
Courtesy of:
Urban Nest Realty
Remarks:
Assumable FHA loan at 3.25% interest, buyer must apply to qualify. Live in one unit and rent the other 2 to pay your mortgage. Great opportunity in a fantastic location, bringing in just over $5,000 per month and $61,000 gross revenue annually. Cap. rate at 6.2% with low operating expenses and taxes, blocks from SE Division on a quiet street with 2 driveways, on an oversized corner lot. Updates include newer floors, appliances and bathroom/kitchen finishes. Solid rental history with tenants in place who are all willing to stay. Don't miss out on this tremendous opportunity to diversify your rental portfolio and/or take on your first investment property. DND Tenants.
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