215 NE 30th Ave - Multi-Family FOR SALE


Portland, OR 97232- Kerns
$1,295,000 USD
503-720-8147
215 NE 30th Ave, Portland, OR for Sale
$1,295,000 USD
Multi-Family - FOR SALE
1/44
null | 6.01% Cap Rate

215 NE 30th Ave
Portland, OR 97232
Kerns


HIGHLIGHTS

  • 6% cap rate on a renovated plex in the heart of Portland's best neighborhood!
  • PERFECT FOR INVESTOR OR OWNER/OCCUPIED!
  • TURNKEY CONFIDENCE A recent complete renovation means little-to-no "deferred maintenance" or immediate capital expenditures for a new owner.
  • MODERN INTERIORS Updated with gourmet islands, quartz countertops, stainless steel appliances, and in-unit laundry—features that command premium rent.
  • 1908 VINTAGE SOUL Retains the high ceilings, large windows, and "Old Por tland" architectural curb appeal that highquality tenants seek out.
  • MULTI-GENERATIONAL LAYOUT Ideal for a "house-hack" (owner-occupied unit) or as a high-performing addition to a long-term hold portfolio.

OVERVIEW

The Kerns 3-plex is a turnkey renovated vintage apartment located in one of Portland’s best neighborhoods. Originally built in 1908 and fully renovated in the last five years, the subject 3-plex features a 2-bed/2-bath unit on the main level (1,260 SF), a 3-bed/2-bath unit on the upper level (1,087 SF), and a 2-bed/1-bath unit on the lower level (1,020 SF). Following a meticulous renovation, each unit boasts condo-quality finishes and comprehensive upgrades, including all-new mechanical systems, modern flooring, and designer kitchens and bathrooms. The kitchens are anchored by custom cabinetry, sleek quartz countertops, and premium stainless-steel appliances, while the bathrooms feature sophisticated custom tile showers. This property offers a rare opportunity to hold a piece of Portland’s architectural heritage without the headache of historic maintenance. This 1908 triplex has been meticulously renovated, offering the perfect "turn-key" investment: the timeless character of a century-old build paired with the reliability of a modern renovation. Because it is fully updated, you bypass the common pitfalls of older properties, allowing for immediate occupancy or high-end rentals. In a market where vintage charm is the gold standard, but modern efficiency is the requirement, this property stands out as a high-performing asset that is move-in ready from day one. It offers an exceptional unit mix designed for maximum rental flexibility and appeal. It includes a spacious 2-bedroom/2- bathroom unit on the main level (1,260 SF), a 3-bedroom/2-bathroom unit on the upper level (1,087 SF), and a 2-bedroom/1-bathroom unit on the lower level (1,020 SF).

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$324 USD /SF

# OF UNITS

3

PRICE/UNIT

$431,667

CAP RATE

6.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,009 SF

ZONING

R5

APN/PARCEL ID

R177657

ASK ABOUT THIS PROPERTY

Jordan CarterKidder MathewsMore Info
503-720-8147

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Jordan CarterKidder MathewsMore Info
503-720-8147

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.