$649,900

Fantastic investment opportunity in the heart of Woodstock! This well-maintained triplex features three 1-bedroom, 1-bath units in a highly walkable SE Portland neighborhood with strong rental appeal. Property updates include a new roof in 2026, vinyl windows, updated kitchens and bathrooms, and hardwood floors. Each unit has its own gas wall heater and separately metered gas and electric, with tenants paying their own utilities. Onsite laundry and individual locked storage areas add convenience for tenants. Alley access provides off-street parking at the rear of the property. RM1 zoning may provide additional development potential toward the alley for a buyer looking to maximize the property's long-term potential. Buyer to perform due diligence regarding development possibilities. Conveniently located near Reed College and Woodstock's shops, restaurants, grocery stores, parks, transit, and neighborhood amenities. A great opportunity to own an updated, income-producing property in a popular SE Portland location.