9647 SW CAPITOL HWY new Save Request In-Person Tour Request Virtual Tour
Portland,OR 97219
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,661 sqft
Price per Sqft $511
MLS Listing ID 533610492
Style Stories1, Bungalow
Bedrooms 3
Full Baths 3
Year Built 1931
Annual Tax Amount $4,263
Tax Year 2024
Lot Size 4,791 Sqft
Property Sub-Type Single Family Residence
Property Description
This single-family home has been reimagined into three separate living spaces, all of which are fully permitted and approved for year-round short-term rental use. While not permitted as a triplex, the property operates legally and successfully as an Airbnb, offering incredible flexibility and consistent performance. With proven, high occupancy rates and financials accurately reflected in RMLS from the past year of operation, this is a true cash-flow powerhouse. Currently operating as an Airbnb, the property generates $115,000 in annual revenue, with approximately $30,000 in expenses, netting an impressive $85,000 per year. At the $850,000 asking price, that equates to a 10%+ cap rate based on actual performance—rare to find in today's Portland market. The interiors have been thoughtfully renovated and come fully furnished—every piece of furniture and fixture is included in the sales price, making this an effortless, turnkey investment. Whether you choose to live in one unit and let the other two offset your living costs, or maximize returns by renting the entire property, this is a standout opportunity in the heart of SW Portland. Don't miss out on this exceptional, income-producing property with strong returns and unbeatable flexibility!
Location
State OR
County Multnomah
Area _148
Interior
Heating Forced Air95 Plus
Exterior
Exterior Feature Fenced, Patio, Porch, Raised Beds, Yard
Roof Type Composition
Building
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Capitol Hill
Middle Schools Jackson
High Schools Ida B Wells
Others
Acceptable Financing Cash,Conventional,FHA,VALoan
Listing Terms Cash,Conventional,FHA,VALoan