1700 NE 231ST CT, Wood Village, OR 97060

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$898,000

bedrooms

bathrooms

square feet

2,716

Acreage

0.25

Open Houses

year built

1980

Full Baths

Half Baths

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This one level triplex is a rare find! It's been exceptionally well cared for and is in an excellent location. The large .25-acre lot is on a quiet cul-de-sac with quick access to I-84, bus lines, public parks, retail and outlet shopping. Minutes from savory food choices at The Fork and Troutdale Station food carts, along with fine dining and entertainment at Edgefield. Recent investment of approximately $25K in improvements. All units have benefited from interior updates intended to keep maintenance costs low. Each 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. Current monthly rents total $5524 with a 6.1% cap rate. 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 inspection, and do not walk property or disturb renters.

Location
Subdivision	-
County	Multnomah
Elementary School	Salish Ponds
Middle School	Reynolds
High School	Reynolds

Driving directions

Open houses

None scheduled.

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MLS number: 169064549

Listing agent: Cindy Smith

Listing broker: Re/Max Equity Group (503) 670-3000

Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, April 22 2025 at 3:40 p.m. EDT

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