George Hofer - Coldwell Banker Walla Walla Logo
$850,000
 $4,563 est/mo Sourced by Back At You

3907 SE Salmon St,Portland, OR 97214

Portland, OR 97214

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Description

Perfect opportunity to own an income-producing triplex in the heart of SE Portland. Also, this has the ability to build a large scale multi-family condo or apartment building due to its large lot size, and stellar location. Zoned R2 is a developers dream. This multi-unit property offers investors the potential to generate rental income.The three-unit configuration provides flexibility for investors seeking to build or expand their rental portfolio, with the potential for multiple income streams from a single property. The property's SE Portland location offers convenient access to neighborhood amenities, shopping, dining, parks, public transportation, and major commuter routes.Whether you're an experienced investor looking to add to your portfolio or exploring your first multifamily investment, 3907 SE Salmon St presents an opportunity to own a residential income property in one of Portland's established and desirable areas.

Details

MLS #617602181
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1978
Days On Site68
Listing Provided ByEngel & Volkers Portland Rose City | Samuel Real

Features

SQ Feet2,420
BasementY
Story(s)2
Units3
ZoningR2.5
Acreage0.20
Property ViewCity

Interior

HeatingWall Furnace
Heating YnYes
Cooling YnNo

Exterior

RoofComposition
Foundation DetailsConcrete Perimeter
Lot FeaturesLevel

Parking

Attached Garage YnNo
Parking FeaturesAssigned

Taxes

Property10149

Area Information

StateOR
CountyMultnomah
CityPortland
Zip Code97214
School DistrictFranklin
Elementary SchoolSunnyside Env
High SchoolFranklin
Listing VS Median (in 97214)
Price:
$850,000
low | high
Med:
$687,450
69.123529411765% of Average
sqft:
2,420
low | high
Med:
1,852
73.471074380165% of Average
$ / sqft:
$351
low | high
Med:
$408
33.966669429561% of Average
On site:
68
low | high
Med:
76
89.473684210526% of Average
Sourced by Back At You

Market Activity 97214

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Madaire Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2020 RMLS™, Portland, Oregon.

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Contact

Learn More About This Property

George Hofer

George Hofer

Coldwell Banker Walla Walla

 (509) 520-4156ghofer@wallawallacb.com
StateOR
CountyMultnomah
CityPortland
Zip Code97214
School DistrictFranklin
Elementary SchoolSunnyside Env
High SchoolFranklin
Listing VS Median (in 97214)
Price:
$850,000
low | high
Med:
$687,450
69.123529411765% of Average
sqft:
2,420
low | high
Med:
1,852
73.471074380165% of Average
$ / sqft:
$351
low | high
Med:
$408
33.966669429561% of Average
On site:
68
low | high
Med:
76
89.473684210526% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $637K - $1.062M
sqft: 1,500 - 3,000
Nearby Listings Property ImageNearby Listings Details
3915 SE MAIN ST Property Photo 1
$749,000
3915 Se Main St
Portland, OR 97214
Listing Updated: September 29, 2026 at 5:03:50 AM PDT