Charming income-producing triplex in desirable NE Portland -- 5160 NE Columbia Blvd. Rare investment opportunity with solid cash flow and flexible IG2 zoning for future options. Property features three well-maintained units (mix of 3BR and studio layouts), updated kitchens, efficient appliances, in-unit storage, and on-site laundry. Separate meters for water and electricity where applicable, off-street parking for tenants, and a secure common entrance. Strong rental history, low vacancy, and professional property management in place -- immediate income from day one. Prime location: minutes to Columbia Slough greenway, easy access to I-84 and I-205, close to shopping, restaurants, and public transit. IG2 zoning adds redevelopment potential or expanded commercial/industrial use subject to city approvals. Ideal for investors seeking stable returns with upside through minor value-add renovations or future entitlement. Contact for rent roll, income/expense statements, and to schedule a showing.
other interior Features Accessory Dwelling Unit, Hardwood Floors, Wood Floors
Area & Lot
StatusFor Sale
Living Area2,601 Sq.Ft.
Total Area2,601 Sq.Ft.
Lot Area0.28 Acres
MLS® ID560773310
TypeResidential
YEAR BUILT1948
Architecture StylesStories 1
View DescriptionCity
Elementary SchoolRigler
Middle SchoolBeaumont
High SchoolLeodis McDaniel
Exterior
STORIES2
water SourcePublic Water
roofComposition
lot featuresCleared, Level
parkingDriveway, RVAccess Parking
HEAT TYPEForced Air
AIR CONDITIONINGCentral Air
sewerPublic Sewer
SubstructureSlab
security FeaturesEntry, Sidewalk
Financial
Sales Price$750,000
Real Estate Tax$3,448/yr
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