501 SE 157th Ave, Portland, OR 97233

Portland
Local realty services provided by:Knipe Realty ERA Powered
501 SE 157th Ave,Portland, OR 97233
$599,900
  • 6 Beds
  • - Baths
  • 3,503 sq. ft.
  • Single family
  • Pending
Listed by: jeff capen, kira dennison
Office: windermere realty trust503-284-7755
MLS#:708957593
Source:PORTLAND

Price summary

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

About this home

Whether you're looking to subdivide and build, maintain as an income-producing property, or create the perfect multi-generational living compound, this property offers endless possibilities in a prime location. Fantastic tri-plex 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...

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Home facts

  • Year built:1947
  • Subdivision & Development:CENTENNIAL
  • Listing ID #:708957593
  • Added:137 day(s) ago
  • Updated:August 15, 2026 at 08:19 AM

Rooms and interior

  • Bedrooms:6
  • Full bathrooms:3
  • Bathrooms Description:Soaking Tub
  • Kitchen Description:Dishwasher, Free Standing Gas Range, Free Standing Range, Free Standing Refrigerator, Microwave, Stainless Steel Appliance, Tile
  • 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
  • Architectural Style:2 Story, Custom Style
  • Exterior Features:Covered Patio, Garden, Outdoor Fireplace, Raised Beds, Yard
  • 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)

Features and amenities

  • Laundry features:Washer/Dryer
  • Amenities:Laminate Flooring, Laundry, Tile Floor, Wall To Wall Carpet, Wood Floors

Parking

  • Total parking spaces:2
  • Parking description:Driveway, On street
  • 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 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: August 15, 2026

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