Listing provided courtesy of John L. Scott Sandy- MLS# 563101202
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Request Info503 SE 157TH AVEPortland, OR 97233
Multi-Family · 6,076 Sq. ft. | 0.10 Acres$1,279,900
Pending
503 SE 157TH AVE Overview
- Time on Site:
- 56 days
- Visits:
- 0
Investor-ready duplex offering strong value-add potential. Each unit features 3 bedrooms and 2.5 baths with spacious primary suite, private fenced yard, and dedicated single-car garage'an ideal setup for long-term tenant retention. Well-equipped kitchens include range, dishwasher, microwave hood, refrigerator, and washer/dryer hookups; 3 of the 4 units include a washer and dryer. Rents are historically below market with reliable long-term tenants in place, presenting an excellent opportunity to increase cash flow. Current rent comparisons support potential rents of approximately $2,295 per unit per month. Please do not disturb tenants. *Interior photos are of the vacant unit at 15650 SE Stark St. Seller holds an active Real Estate License in OR.
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503 SE 157TH AVE Facts & Features
- Type Multi-Family
- Sq. ft. 6,076
- Price/Sq.ft. $211
- Lot 0.10 Acres
Details
General
School Information
- Elementary School: Parklane
- Middle Or Junior School: Oliver
- High School: Centennial
Income/Expenses
- Gross Income: 77340.0
- Gross Scheduled Income: 98160.0
- Net Operating Income: 52487.0
- Operating Expense: 20003.0
Building Information
- Year Built: 2010
Location/Region
- Country: US
- County Or Parish: Multnomah
- MLS Area Major: 143 - Portland Southeast
Rent/Lease Information
- Rent Includes: Trash Collection
Tax Information
- Tax Annual Amount: 12513.0
- Tax Year: 2025
General Information
- Disclosures: Disclosure
- Listing Terms: Cash,Conventional
- Parcel Number: R645039
- Property Condition: Approximately
- Property Type: Multi Family
- Zoning: RM1
Interior
Parking Information
- Garage Spaces: 4.0
Building Interior
- Building Area Total: 6076.0
General Information
- Basement: Crawl Space
- Foundation Details: Concrete Perimeter
- Heating: Forced Air
- Stories: 2
Exterior
Parking Information
- Parking Features: Driveway,Garage
- Parking Total: 4.0
Lot Information
- Lot Features: Corner Lot,Level,On Busline
- Lot Size Acres: 0.1
- Lot Size Square Feet: 4356.0
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Roof: Composition
General Information
- Number Of Units Total: 4
- Sewer: Public Sewer
503 SE 157TH AVE Neighborhood
Community
97233 (Portland) Demographics
34
Median Age
8,544
Population Density (per sq. mile)
24%
College Educated
$46,433
Estimated Median Income
6,636
Estimated Total Home Owners
7,021
Estimated Total Renters
49% / 51%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.503 SE 157TH AVE Monthly Cost
503 SE 157TH AVE Market Data
Based on the last 30 days in this zip code
$357,073
Average List Price
$252
Average Price per Square Foot
21
Properties Sold
107
Average Days on Market
108
Properties for Sale
503 SE 157TH AVE History
| Date | Value | Agent |
|---|---|---|
| 6/29/2026Source: Regional MLS | Pending |
|
| 5/26/2026Source: Regional MLS | $1,279,900 -1.5% |
|
| 5/4/2026Source: Regional MLS | May 04, 2026 |