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3371 SE 7TH AVE

Portland, OR 97202

$775,000

Exceptional value-add triplex in the Brooklyn neighborhood of Southeast Portland. This well-located property offers three spacious units on a large lot, presenting a rare opportunity for investors to unlock significant upside. New 45 year roof, new gutters. Current rents are substantially below market, providing strong long-term income growth potential. Each… Read MoreRead Less

Listing courtesy of Realty Portland.

Listing Snapshot

Days Online

Last Updated

May 17, 2026

Square Ft.

2,937

Lot Size

0.2 Acres

Year Built

1980

MLS Number

409599577

30 Days Snapshot Of 97202

$683k

-1%

(avg) sold price

-19%

homes sold

-20%

(avg) days on market

Snapshot

Area Map

Additional Details

Building

Built in 1980, Building Area Total: 2937, Storage: Attached, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3

Basement

Basement: None

Disclosures

Disclosures: Exempt

Expenses

Operating Expense: $18,860

Exterior Features

Exterior Description: WoodSiding

Foundation

Foundation Details: Slab

Garage

Garage Spaces: 1

Heating

Heating: Baseboard

Income

CAP Rate: 3.65, Gross Income: $47,160, Gross Rent Multiplier: 16.43, Net Operating Income: $28,300

Lot

Features: CornerLot, Size Acres: 0.2, Size Range: SqFt7000to9999, Size Square Feet: 8,712, Size: 7,000 to 9,999 SqFt

Miscellaneous

Investor Information: AccordingToOwner, Leases

Parking

Features: Garage, OffStreet, 7 total parking spots

Property

Number Of Units Total: 3, Property Condition: Existing, Zoning: R5

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $10,258, Legal Description, Tax Year: 2025

Unit One

Actual Rent: $1,575, Area: 1100, Features: Deck, Fireplace, Storage, WasherDryer, Units Total: 1, 2 total bathrooms, 3 total bedroom

Unit Two

Actual Rent: $1,240, Area: 920, Features: Fireplace, HardwoodFloors, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom

Unit Three

Actual Rent: $1,115, Area: 920, Features: WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom

Utilities

Fuel Description: Electricity, Water Source: PublicWater

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Living Room Realty are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on May 17, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on May 17, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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