Exceptional Investment Opportunity: 3-Plex in a Thriving Community.Discover this traditional-style 3-plex, offering a unique blend of comfort, functionality, and income potential. Nestled within a welcoming community of multi-family homes, this property is ideally situated near shopping, schools, parks, & more. The Homeowners Association (HOA) not only enhances community living but also includes property management services, ensuring a hassle-free ownership experience. Unit A – Charming Two-Story Townhouse. This unit features two spacious bedrooms & 1 1/2 bathrooms, providing ample space for comfortable living. The open-concept living area is accentuated by a cozy gas fireplace. Enjoy the convenience of a private patio for outdoor relaxation & an attached garage for secure parking & additional storage. Unit B – Expansive Single-Level Flat with Bonus Room. This two bedroom, full bathroom unit boasts a large bonus room complete with a closet, perfect for use as a third bedroom or home office. The generous living & dining areas flow seamlessly into the kitchen, all warmed by a gas fireplace. A private patio provides a serene outdoor space, and direct garage access adds to the unit's practicality. Unit C – Upper-Level Flat with En-Suite Primary Bedroom. This upper-level unit has two bedrooms & two full bathrooms, one is a private en-suite in the primary bedroom. The expansive living space is highlighted by a gas fireplace, offering a comfortable & inviting atmosphere. An attached garage ensures convenient parking and storage solutions. Additionally, a fourth garage currently generates additional rental income but offers flexibility for use as on-site storage or further income opportunities. This 3-plex presents a opportunity to invest in a property that combines immediate income generation w/ long-term growth potential. Whether you're expanding your portfolio or seeking a solid entry into real estate investment, this property warrants your attention. Call for tour.
Sold
$624,990
8541 NE Russell St, Portland, OR 97220
6beds
3,871sqft
Multi Family
Built in 2000
-- sqft lot
$624,400 Zestimate®
$161/sqft
$3,129 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 22, 2025 at 02:31am
Listed by:
Gene Farr 503-896-4959,
Premiere Property Group, LLC
Bought with:
Sarah Kirkwood, 201218874
eXp Realty, LLC
Source: RMLS (OR),MLS#: 570703005

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 4
- Partial bathrooms: 1
Heating
- Zoned, Fireplace(s)
Cooling
- None
Appliances
- Included: Dishwasher, Refrigerator, Washer/Dryer, Electric Water Heater
Features
- Basement: Crawl Space
Interior area
- Total structure area: 3,871
- Total interior livable area: 3,871 sqft
Property
Parking
- Parking features: Attached, Garage
- Garage spaces: 4
Features
- Stories: 2
- Has view: Yes
- View description: Territorial
Lot
- Size: 5,227 sqft
- Features: Corner Lot, Level, SqFt 5000 to 6999
Details
- Parcel number: R211195
- Zoning: EG2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 2000
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Portland
- Subdivision: Madison Place
HOA & financial
Other financial information
- Total actual rent: 5285
Other
Other facts
- Listing terms: Cash,Conventional
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$624,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$624,400