3392 SE Waverleigh Blvd, Portland, OR 97202
Local realty services provided by:Knipe Realty ERA Powered
3392 SE Waverleigh Blvd,Portland, OR 97202
$825,000
- - Beds
- - Baths
- 2,787 sq. ft.
- Multi-family
- Active
Listed by: greg carnese, max carnese
Office: realty first503-343-5825
MLS#:684280159
Source:PORTLAND
Price summary
- Price:$825,000
- Price per sq. ft.:$296.02
About this home
Excellent Investment Opportunity in the Highly Desirable Waverleigh Heights Neighborhood!This well-maintained, single-level 2,783 SF triplex, built in 1958, has been owned by only two owners since it was constructed—a rare opportunity to acquire a pride-of-ownership property in one of Southeast Portland's most sought-after neighborhoods.The property features one spacious 2-bedroom, 2-bath unit complete with a mini-split heating and air conditioning system, cozy fireplace, private fenced backyard, and an attached 2-car garage. The two additional units each offer 1 bedroom and 1 bath, providing an excellent mix of unit sizes for a variety of tenants.All three units feature hardwood floors and full individual basements with washer/dryer hookups, offering abundant storage and added convenience. The property's solid construction, timeless layout, and desirable location make it an attractive long-term investment opportunity.The property offers a 4.5% capitalization rate with current gross annual income of $56,340 and a Net Operating Income (NOI) of $37,159, providing investors with immediate income potential and long-term appreciation opportunity in a highly desirable Southeast Portland location.Ideally located just minutes from Cleveland High School Field, nearby bus lines, and the shops, restaurants, and everyday conveniences along SE Powell Boulevard, this property also offers easy access to downtown Portland and surrounding neighborhoods.Whether you're looking to expand your investment portfolio or own a quality multifamily property in a prime Southeast Portland location, this exceptional Waverleigh Heights triplex is an opportunity you won't want to miss....
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Home facts
- Year built:1958
- Listing ID #:684280159
- Added:2 day(s) ago
- Updated:July 20, 2026 at 11:32 AM
Rooms and interior
- Living area:2,787 sq. ft.
Heating and cooling
- Heating:Baseboard, Ceiling
Structure and exterior
- Roof:Composition
- Year built:1958
- Building area:2,787 sq. ft.
- Lot area:0.2 Acres
- Lot Features:Level
- Foundation Description:Concrete Perimeter
- Levels:1 Story
Schools
- High school:Cleveland
- Middle school:Hosford
- Elementary school:Grout
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$825,000
- Price per sq. ft.:$296.02
- Tax amount:$12,389 (2025)
Parking
- Parking description:Garage, On street
- Garage spaces:1
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