1659 SE Rex St, Portland, OR 97202

Local realty services provided by:Knipe Realty ERA Powered
1659 SE Rex St,Portland, OR 97202
$975,000
  • - Beds
  • - Baths
  • 3,999 sq. ft.
  • Multi-family
  • Pending
Listed by: greg messick
Office: realtynet, llc.
MLS#:768016266
Source:PORTLAND

Price summary

  • Price:$975,000
  • Price per sq. ft.:$243.81

About this home

Pleased to exclusively represent the sale of 1659–1665 SE Rex Street, a five-unit apartment building located in the heart of Portland’s vibrant and highly sought-after Sellwood-Moreland neighborhood. This offering presents a rare opportunity to acquire an asset with very stable rental history, low-density, single story with a diverse unit mix of one-, two-, and three-bedroom floorplans. The property has been professionally managed and well maintained, with recent capital upgrades including a new torch-down roof (2023), new vinyl windows, and updated kitchens and bathrooms in select units. With very stabilized rents and exceptionally low turnover, Rex Street represents a turnkey investment in one of the metro’s most consistently performing submarkets.The property sits on a prominent corner lot at SE Rex and SE Milwaukie Avenue, providing excellent visibility and immediate access to the very best of Sellwood. Originally incorporated as its own city in the late 1800s, Sellwood has

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Home facts

  • Year built:1948
  • Listing ID #:768016266
  • Added:135 day(s) ago
  • Updated:December 17, 2025 at 10:04 AM

Rooms and interior

  • Living area:3,999 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Flat
  • Year built:1948
  • Building area:3,999 sq. ft.
  • Lot area:0.17 Acres

Schools

  • High school:Cleveland
  • Middle school:Sellwood
  • Elementary school:Llewellyn

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$975,000
  • Price per sq. ft.:$243.81
  • Tax amount:$10,179 (2024)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Knipe Realty ERA Powered are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: December 17, 2025

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