9647 SW CAPITOL HWY, Portland, OR 97219 - MLS#533610492

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Tony Apa

tony.apa@eleetere.com +1(503) 806-9773

Listed by Kelly Right Real Estate of Portland, LLC

$ 850,000

Est. payment | -/mo

3 Beds

3 Baths

1,661 SqFt

Save

$ 850,000

Est. payment | -/mo

Save

3 Beds

3 Baths

1,661 SqFt

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

Rooms

Basement Partial Basement, Unfinished

Interior

Interior Features Engineered Hardwood, Hardwood Floors, High Ceilings, Laundry, Vinyl Floor, Washer Dryer, Wood Floors

Heating Forced Air95 Plus

Appliance Builtin Oven, Cooktop, Dishwasher, E N E R G Y S T A R Qualified Appliances, Free Standing Refrigerator, Microwave, Range Hood

Exterior

Exterior Feature Fenced, Patio, Porch, Raised Beds, Yard

Roof Type Composition

Garage No

Building

Story 1

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Capitol Hill

Middle Schools Jackson

High Schools Ida B Wells

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

Regional Multiple Listing Service (RMLS)

9647 SW CAPITOL HWY Portland, OR 97219