2940 SE Brooklyn St, Portland, OR 97202

$1,750,000

Beds

Baths

0.28 ac

Property Size

1959

Year Built

About The Property

A rare opportunity to acquire two immaculately maintained triplexes side by side in a highly sought-after Southeast Portland location. The properties are offered as a package and must sell and close together, giving a single owner immediate scale on one contiguous site.Every one of the six units is configured to attract and hold quality tenants. Each has its own private garage and its own private basement, accessible only to that tenant. Each has air conditioning. Hardwood floors run throughout. Most units have been updated, and new water service lines have been installed for both buildings.The grounds carry the same standard as the interiors. Impeccable landscaping, a beautiful shared courtyard, and a peaceful, established residential setting that keeps turnover low and tenant quality high.Operations are simple and expenses are light. Tenants pay their own water, sewer, and gas across all six units. The owner’s only utility obligation is trash.In-place rents sit roughly 11% below market across the combined portfolio, delivering built-in upside as units turn naturally, without repositioning the asset or displacing tenants. Strong current income, minimal deferred maintenance, and a straightforward path to higher NOI.Assets of this size, condition, and configuration seldom come to market together in this submarket. The combined offering delivers small-portfolio efficiency with the tenant appeal of individual homes.Both properties must sell and close concurrently. All offers subject to interior inspection. Please do not disturb tenants.

ARCHITECTURE

Stories: 1
Condition: Approximately
Year Built: 1959
Roof Type: Composition, Shingle
Basement Details: Unfinished

INTERIOR FEATURES

Heating Type: Forced Air
Fuel Type: Gas
Interior SqFt: 9072

EXTERIOR FEATURES

Lot Features: Private, Secluded
Lot size (Acres): 0.28
Zoning: R5
Garage Spaces: 6
Water Source: Public Water
Sewer: Public Sewer

SCHOOLS

Elementary: Grout
High School: Cleveland
Middle: Hosford

TAX & FINANCIAL

Annual Tax: $25455.96
Terms Considered: Cash, Conventional
Tax Year: 2025

LISTING INFO

Listing courtesy of Rarebird Real Estate

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Erik Leland

Luxury Property Advisor | OR License 201225800
Member of: National Association of REALTORS® (NAR)

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Property ID - | 857398

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Erik Leland