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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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501 SE 157th Ave , Portland, OR 97233
$599,900
Est. Payment: $3,016.40/mo
6 Bed
3 Bath
3503 Sqft
Status: pending | Days on site: 37
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

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 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 to shared outdoor spaces complete with a covered back patio, raised garden beds, and an inviting outdoor fireplace. The expansive, level backyard provides ample room for gardening, recreation, or future expansion. Additional highlights include two rentable garages for added income and driveway parking for at least six vehicles.

Highlights

Listed by Jeff Capen , 503-888-5191 and Kira Dennison , 503-284-7755 Windermere Realty Trust , 503-284-7755. Portland Regional Multiple Listing Service mls logo

Property Type

Residential

Lot/Acreage
0.48

Year Built

1947

County

Multnomah

Area

143 - Portland Southeast

Neighborhood

Centennial

Listing ID

708957593

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:3
  • Full Bathrooms:3
Appliances:Dishwasher, Free-Standing Gas Range, Free-Standing Range, Free-Standing Refrigerator, Microwave, Stainless Steel Appliance(s), Tile
Air Cond:Central Air
Fireplaces:Electric,Wood Burning
Other:AccessoryDwellingUnit,Laminate Flooring,Laundry,Separate Living Quarters/Apartment/Aux Living Unit,Soaking Tub,Tile Floor,Wall to Wall Carpet,Washer/Dryer,Wood Floors,Master on Main
Other:Public Water

Exterior Features

Lot:Level
Garage Capacity:2
Zoning:RM1
Roof:Composition
Others:Covered Patio,Garden,Outdoor Fireplace,Raised Beds,Yard,Updated/Remodeled
Sewer:Public Sewer
Parking Features:Detached,Driveway,On Street
Principal Interest
$3,016
Taxes
$816

Home Price

$599,900

Loan Details

30 yrs
6.446%

Down Payment

20%
$119,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,016.40

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,016.40 $815.78 $0.00 $3,832.18
Yearly $36,196.77 $9,789.34 $0.00 $45,986.11
Total $1,085,903.10 $293,680.20 $0.00 $1,379,583.30

Today's Rates

30 Year

6.45%

20 Year

6.23%

15 Year

5.73%

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Market insight data is pulled from the same city as the listing being viewed (Portland, OR).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.


The data relating to real estate for sale on this web site comes in part from the Portland Regional Multiple Listing Service. Real estate listings held by brokerage firms other than The AskSarita Team | Keller Williams Sunset Corridor are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor technology provider shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated: 2026-07-24T03:19:25.000Z

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