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18220 SE Pine St, Portland, OR 97233

$649,900

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Property Description

Investment opportunity in the heart of Rockwood! This well maintained triplex offers strong rental potential with a highly desirable layout featuring separate garages for each unit and updated kitchens. Built in 1996, the property includes over 3,100 square feet with spacious units designed for long term tenant appeal. Conveniently located with a Gresham mailing address, this property is outside Portland's residential rental registration and relocation requirements, offering added flexibility for investors and landlords. Close to transit, shopping, parks, and major commuter routes, this is a rare chance to own a low maintenance multifamily asset in an established rental corridor.

18220 SE Pine St | MLS# 238894307

This multi-family property located at 18220 SE Pine St, Portland, OR 97233 is currently listed for sale with an asking price of $649,900. Search Portland real estate on juli.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Fuel Type: Electricity, Gas
Heating: Forced Air
Roof Type: Composition
Stories: 2.0
Taxes: $8,260
Year Built: 1996

Units

Unit Type 1:
Bathroom(s): 2
Bedrooms: 3
Rent: $1925.00
Square Footage: 1300
Total Units: 1
Unit Type 2:
Bathroom(s): 2
Bedrooms: 2
Rent: $1600.00
Square Footage: 938
Total Units: 1
Unit Type 3:
Bathroom(s): 2
Bedrooms: 2
Rent: $1550.00
Square Footage: 938
Total Units: 1

Feature Descriptions

Days on Site: 2
Exterior: Vinyl Siding
Gross Income: $59954.00 (Actual)
Hot Water: Electricity
Lot: Level
Net Income: $34917.00 (Actual)
Operating Expenses: $25037.00 (Actual)
Parking: Garage
Parking Notes: Garage
Sewer: Public Sewer
Storage: Garage
Units: 3
Water: Public Water

Local Schools

High School: Reynolds
Middle School: Reynolds
Elementary School: Hartley

Listed By / Shown By

Listed By

Agency Name: Keller Williams PDX Central
Agency Phone: 503-548-4848

Shown By

Agent Name: Juli Porterfield | Broker
Agent Phone: (541) 280-6451
Agency Title: Bend Premier Real Estate

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Estimate Your Payment

Estimated Payment

$ 4,164.14 per month $3,286.25 Principal & Interest $688.33 Property Tax $189.55 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/12/2026. The listing information on this page last changed on 05/12/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 05/12/2026 10:57:32 AM EST) or RMLS (last updated Tue 05/12/2026 10:35:31 AM EST) or COAR/MLSCO (last updated Tue 05/12/2026 10:51:37 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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 other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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