Listing provided courtesy of Windermere Realty TrustMLS# 708957593MLS ProviderContact Information: 503-888-5191
  • 89 days on site
  • 4 views

Whether you're looking to subdivide and build, maintain as an income-producing property, or create the perfect multi-generational living compound, this property offers endless possibilities in a prime location. Fantastic tri-plex with exceptional flexibility and income potential! Situated in the Centennial neighborhood on a rare, dividable 0.48-acre lot zoned RM1, this property offers a unique blend of current cash flow and future development possibilities. Each of the three units features 2 bedrooms and 1 bathroom, with updates completed to varying degrees. Units are equipped with central air conditioning, in-unit washers and dryers, electric or gas ranges, and free-standing refrigerators for tenant convenience. Unit 505 showcases wood flooring, black appliances, a cozy fireplace with brick surround, and a stackable washer and dryer. Unit 511 offers distinctive Spanish tile in the kitchen, stainless steel appliances, gas cooking, a carpeted living room with a woodstove, a full-size washer and dryer, and a relaxing soaking tub. Unit 513, located on the lower level, features laminate wood flooring, white appliances, a built-in microwave, and a soaking tub. Residents enjoy access to shared outdoor spaces complete with a covered back patio, raised garden beds, and an inviting outdoor fireplace. The expansive, level backyard provides ample room for gardening, recreation, or future expansion. Additional highlights include two rentable garages for added income and driveway parking for at least six vehicles.

Source: Regional MLS, MLS#: 708957593

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  • Property Type
    Residential
  • Lot
    0.48 acres

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TERRY LONG

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  • Median Age
    34
  • Population Density
    8,544
  • College Educated
    24%
  • Estimated Median Income
    $46,433
  • Estimated Total Home Owners
    6,636
  • Estimated Total Renters
    7,021
  • Owner / Renter Divide
    49% / 51%
  • Estimated Average Household Size
    3
  • Total Population
    38,779
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 501 SE 157TH AVE


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/9/2026Source: Regional MLS Status Change
Pending
5/9/2026Source: Regional MLS Status Change
Pending
5/9/2026Source: Regional MLS Status Change
Pending
4/1/2026Source: Regional MLS Added to Database
April 01, 2026
4/1/2026Source: Regional MLS Added to Database
April 01, 2026
4/1/2026Source: Regional MLS Added to Database
April 01, 2026