9647 SW Capitol Hwy, Portland, OR 97219

Portland
Local realty services provided by:ERA Freeman & Associates, Realtors
9647 SW Capitol Hwy,Portland, OR 97219
$850,000
  • 3 Beds
  • 3 Baths
  • 1,661 sq. ft.
  • Single family
  • Active
Listed by: jacob serrill
Office: kelly right real estate of portland, llc.503-719-6056
MLS#:533610492
Source:PORTLAND

Price summary

  • Price:$850,000
  • Price per sq. ft.:$511.74

About this home

This single-family home has been reimagined into three separate living spaces, all of which are fully permitted and approved for year-round short-term rental use. While not permitted as a triplex, the property operates legally and successfully as an Airbnb, offering incredible flexibility and consistent performance. With proven, high occupancy rates and financials accurately reflected in RMLS from the past year of operation, this is a true cash-flow powerhouse. Currently operating as an Airbnb, the property generates $115,000 in annual revenue, with approximately $30,000 in expenses, netting an impressive $85,000 per year. At the $850,000 asking price, that equates to a 10%+ cap rate based on actual performance—rare to find in today’s Portland market. The interiors have been thoughtfully renovated and come fully furnished—every piece of furniture and fixture is included in the sales price, making this an effortless, turnkey investment. Whether you choose to live in one unit and let...

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Home facts

  • Year built:1931
  • Listing ID #:533610492
  • Added:376 day(s) ago
  • Updated:October 01, 2026 at 12:05 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3
  • Full bathrooms:3
  • Kitchen Description:Built In Oven, Cooktop, Dishwasher, ENERGY STAR Qualified Appliances, Free Standing Refrigerator, Microwave, Range Hood
  • Basement Description:Partial Basement, Unfinished
  • Living area:1,661 sq. ft.

Heating and cooling

  • Heating:Forced Air 90+

Structure and exterior

  • Roof:Composition
  • Year built:1931
  • Building area:1,661 sq. ft.
  • Lot area:0.11 Acres
  • Architectural Style:1 Story, Bungalow
  • Exterior Features:Fenced, Patio, Porch, Raised Beds, Yard
  • Foundation Description:Concrete Perimeter
  • Levels:1 Story

Schools

  • High school:Ida B Wells
  • Middle school:Jackson
  • Elementary school:Capitol Hill

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$850,000
  • Price per sq. ft.:$511.74
  • Tax amount:$4,264 (2024)

Features and amenities

  • Laundry features:Washer/Dryer
  • Amenities:Hardwood Floors, High Ceilings, Laundry, Vinyl Floors, Wood Floors

Parking

  • Parking description:Driveway
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: October 1, 2026

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