Skip main navigation
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

    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.

    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#: 570703005MLS Logo

    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

    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

    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