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

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1948
  • Listing ID #:768016266
  • Added:191 day(s) ago
  • Updated:February 10, 2026 at 08:36 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 2026 RMLS, Portland, Oregon. Last updated: February 10, 2026

New listings near 1659 SE Rex St