1700 NE 231ST CT

Wood Village, OR97060

Portland Area Investors!! Are you looking for an investment property with great cash flow that pencils out to an excellent cap rate of 6.49, AND isn't impacted by City of Portland rental laws? This Wood Village triplex is in a great location and has been exceptionally well cared for. The large .25-acre lot is on a quiet cul-de-sac with quick access to I-84, bus lines, public parks, dining, retail and outlet shopping. Recent investment of approximately $25K in improvements. The units have all benefited from interior updates intended to keep maintenance costs low. Each one level unit has a washer/dryer hookup, a fully fenced yard, and a covered patio. Two units have new storage sheds for renters' use. The numerous updates you'll find inside and out include new exterior paint in 2021, vinyl windows, LVP flooring, and even granite countertops & stainless-steel kitchen appliances in one unit. There are also 7 off-street parking spaces. This is a unique opportunity to obtain a high-quality investment property that has been in the same ownership for over 40 years. Please write offer subject to full inspection. Do not walk property or disturb renters.

Listing courtesy of Cindy Smith of RE/MAX Equity Group (503) 703-2596



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Last checked 2026-05-04 04:51 AM PDT.

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