501 SE 157th Ave, Portland, OR 97233

Portland
Local realty services provided by:ERA Freeman & Associates, Realtors
501 SE 157th Ave,Portland, OR 97233
$599,900
  • - Beds
  • 3 Baths
  • 3,503 sq. ft.
  • Multi-family
  • Pending
Listed by: jeff capen, kira dennison
Office: windermere realty trust503-284-7755
MLS#:785509330
Source:PORTLAND

Price summary

  • Price:$599,900
  • Price per sq. ft.:$171.25

About this home

Fantastic tri-plex opportunity with exceptional flexibility and income potential! Situated in the Centennial neighborhood on a rare, dividable 0.48-acre lot zoned RM1, this property offers a unique blend of current cash flow and future development possibilities. Each of the three units features 2 bedrooms and 1 bathroom, with updates completed to varying degrees. Units are equipped with central air conditioning, in-unit washers and dryers, electric or gas ranges, and free-standing refrigerators for tenant convenience. Unit 505 showcases wood flooring, black appliances, a cozy fireplace with brick surround, and a stackable washer and dryer. Unit 511 offers distinctive Spanish tile in the kitchen, stainless steel appliances, gas cooking, a carpeted living room with a woodstove, a full-size washer and dryer, and a relaxing soaking tub. Unit 513, located on the lower level, features laminate wood flooring, white appliances, a built-in microwave, and a soaking tub. Residents enjoy access...

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Home facts

  • Year built:1947
  • Subdivision & Development:CENTENNIAL
  • Listing ID #:785509330
  • Added:145 day(s) ago
  • Updated:August 25, 2026 at 07:51 AM

Rooms and interior

  • Total bathrooms:3
  • Living area:3,503 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1947
  • Building area:3,503 sq. ft.
  • Lot area:0.48 Acres
  • Lot Features:Level
  • Levels:2 Stories

Schools

  • High school:Centennial
  • Middle school:Oliver
  • Elementary school:Parklane

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$599,900
  • Price per sq. ft.:$171.25
  • Tax amount:$9,789 (2025)

Parking

  • Total parking spaces:6
  • Parking description:Garage, Open
  • Garage spaces:2
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 ERA Freeman & Associates, Realtors 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: August 25, 2026

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