Just Listed | Turnkey Montavilla Triplex

New Listing

ABOUT THE TRIPLEX

Discover a superb investment opportunity in the vibrant Montavilla neighborhood with this well-maintained triplex. Featuring a brand new roof, updated electrical, and fresh exterior paint, this property is primed for long-term success.

The triplex includes two 2 bed/1 bath units and one 1 bed/1 bath unit. Two units are currently on month-to-month lease agreements, and one unit is vacant, providing flexibility for new tenants or owner-occupancy. The vacant unit has been recently updated with fresh interior paint, new flooring in the kitchen and bathroom, and new light fixtures.

Each unit is equipped with an in-unit washer and dryer, adding to the convenience for tenants. Off-street parking is available for all units, including one carport space, and each unit has access to a storage shed. With individual water meters, tenants are responsible for all of their own utilities, promoting efficient usage and management.

Boasting a Walk Score of 85, this triplex is ideally located just ½ mile from the MAX, 3 blocks from Montavilla Park, and steps from a variety of shopping and dining options on NE 82nd Ave. and NE Glisan St. This prime location ensures easy access to public transportation and neighborhood amenities.

This Montavilla triplex represents an opportunity with significant potential for return. Don’t miss out on this chance to enhance your portfolio with a property in a thriving Portland neighborhood!

ABOUT MONTAVILLA

Montavilla, originally Mount Tabor Village in 1890, got its abbreviation from the "Mt. Ta. Villa" streetcar stop in 1892. Despite the service ending in 1948, the nickname remains.

The heart and soul of the neighborhood is on SE Stark Street, only one mile away, where you’ll find local shops and restaurants galore including well-known and cherished spots such as The Observatory, Yaowarat, and Redwood to name a few! At the center of the Montavilla downtown area is the Academy Theater, a second-run cinema built in 1948 and restored in 2006 that serves beer, wine, and pizza.

The neighborhood also features an annual street fair in the summer, a farmers market, and Montavilla Park, only a few blocks away, which includes an outdoor pool and a Portland Timbers-sponsored futsal field.