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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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8924 SE Ellis St , Portland, OR 97266
$695,000
Est. Payment: $3,494.58/mo
12 Bed
6 Bath
5148 Sqft
Status: active | Days on site: 1
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

CONTRACT TERMS! 5% INTEREST, 30% DOWN, 30 YEAR AMORTIZATION WITH A 5 YEAR BALLOON. Exceptional investment opportunity featuring six well-maintained units configured as three duplexes on a single tax lot. This property offers an attractive combination of stable cash flow, future upside, and favorable seller financing. Each unit features sought-after amenities including washer/dryer hookups, fireplaces, and private patios, providing comfort and convenience that appeal to long-term tenants. The property also offers ample off-street parking, a valuable amenity in today's rental market. Close to MAX Light Rail, buslines and shopping. Located in the vibrant Lents neighborhood, "an up-and-coming area & one of the new hotspots in Portland" according to PortlandNeighborhood.com. Lents is widely recognized for its ongoing growth, revitalization, and increasing popularity, this property is well-positioned to benefit from continued demand. With potential for rent increases, investors have the opportunity to enhance returns over time. Adding to the appeal, the Seller is willing to offer contract terms with below-market interest rates, creating an outstanding financing opportunity that can improve cash flow and reduce borrowing costs compared to conventional financing. Whether you're looking to expand your portfolio or complete a 1031 exchange, this is a rare chance to acquire a quality multifamily asset with strong income potential, attractive financing, and long-term upside.

Highlights

Listed by Marc Rogers , 503-703-0964 and Kathy Rogers , 503-704-9173 Township Properties Real Estate LLC , 503-704-9173. Portland Regional Multiple Listing Service mls logo

Property Type

Multi-Family

Lot/Acreage
0.35

Year Built

1973

County

Multnomah

Area

143 - Portland Southeast

Neighborhood

Lents

Listing ID

593286951

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:12
  • Bathrooms:6
  • Full Bathrooms:6
Basement:Crawl Space
Other:Public Water

Exterior Features

Lot:Level,Public Road
Lot Dimensions:137.5x110.6
Garage Capacity:10
Zoning:R1
Roof:Composition
Others:Existing
Sewer:Public Sewer
Parking Features:Off Street,Paved
Principal Interest
$3,495
Taxes
$1,200

Home Price

$695,000

Loan Details

30 yrs
6.446%

Down Payment

20%
$139,000
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:
$3,494.58

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,494.58 $1,199.70 $0.00 $4,694.28
Yearly $41,934.91 $14,396.41 $0.00 $56,331.32
Total $1,258,047.43 $431,892.30 $0.00 $1,689,939.73

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.

Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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Data last updated: 2026-07-23T23:14:11.000Z

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