3392 SE Waverleigh Blvd, Portland, OR 97202
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
3392 SE Waverleigh Blvd,Portland, OR 97202
$825,000
- - Beds
- - Baths
- 2,787 sq. ft.
- Multi-family
- Active
Listed by: greg carnese, max carnese
Office: realty first503-343-5825
MLS#:684280159
Source:PORTLAND
Price summary
- Price:$825,000
- Price per sq. ft.:$296.02
About this home
Excellent Investment Opportunity in the Highly Desirable Waverleigh Heights Neighborhood!This well-maintained, single-level 2,783 SF triplex, built in 1958, has been owned by only two owners since it was constructed—a rare opportunity to acquire a pride-of-ownership property in one of Southeast Portland's most sought-after neighborhoods.The property features one spacious 2-bedroom, 2-bath unit complete with a mini-split heating and air conditioning system, cozy fireplace, private fenced backyard, and an attached 2-car garage. The two additional units each offer 1 bedroom and 1 bath, providing an excellent mix of unit sizes for a variety of tenants.All three units feature hardwood floors and full individual basements with washer/dryer hookups, offering abundant storage and added convenience. The property's solid construction, timeless layout, and desirable location make it an attractive long-term investment opportunity.The property offers a 4.5% capitalization rate with current gross annual income of $56,340 and a Net Operating Income (NOI) of $37,159, providing investors with immediate income potential and long-term appreciation opportunity in a highly desirable Southeast Portland location.Ideally located just minutes from Cleveland High School Field, nearby bus lines, and the shops, restaurants, and everyday conveniences along SE Powell Boulevard, this property also offers easy access to downtown Portland and surrounding neighborhoods.Whether you're looking to expand your investment portfolio or own a quality multifamily property in a prime Southeast Portland location, this exceptional Waverleigh Heights triplex is an opportunity you won't want to miss....
Contact an agent
Home facts
- Year built:1958
- Listing ID #:684280159
- Added:6 day(s) ago
- Updated:July 23, 2026 at 08:39 PM
Rooms and interior
- Living area:2,787 sq. ft.
Heating and cooling
- Heating:Baseboard, Ceiling
Structure and exterior
- Roof:Composition
- Year built:1958
- Building area:2,787 sq. ft.
- Lot area:0.2 Acres
- Lot Features:Level
- Foundation Description:Concrete Perimeter
- Levels:1 Story
Schools
- High school:Cleveland
- Middle school:Hosford
- Elementary school:Grout
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$825,000
- Price per sq. ft.:$296.02
- Tax amount:$12,389 (2025)
Parking
- Parking description:Garage, On street
- Garage spaces:1
New listings near 3392 SE Waverleigh Blvd
- New
$485,000Active3 beds 3 baths1,524 sq. ft.6496 NW Wenmarie Dr, Portland, OR 97229
MLS# 397354207Listed by: EXP REALTY, LLC - New
$539,000Active5 beds 3 baths2,352 sq. ft.13717 SE Mill St, Portland, OR 97233
MLS# 657718198Listed by: LI LANZ PROPERTIES, LLC - New
$975,000Active3 beds 3 baths2,457 sq. ft.5921 S Kelly Ave, Portland, OR 97239
MLS# 264762871Listed by: WINDERMERE REALTY TRUST - New
$450,000Active0.28 Acres2384 N Blandena St, Portland, OR 97217
MLS# 314964742Listed by: REAL BROKER - New
$699,900Active5 beds 3 baths4,108 sq. ft.3425 S Corbett Ave, Portland, OR 97239
MLS# 345307502Listed by: BERKSHIRE HATHAWAY HOMESERVICES NW REAL ESTATE - New
$1,585,000Active5 beds 3 baths3,697 sq. ft.2765 NW Circle A Dr, Portland, OR 97229
MLS# 351559130Listed by: ELEETE REAL ESTATE - New
$1,439,000Active4 beds 5 baths6,533 sq. ft.2215 NW Crestview Way, Portland, OR 97229
MLS# 396942935Listed by: KAER PROPERTY GROUP - New
$149,000Active-- beds 1 baths288 sq. ft.4763 N Lombard St #5, Portland, OR 97203
MLS# 575871223Listed by: REAL BROKER - New
$830,000Active4 beds 2 baths2,481 sq. ft.110 SE 47th Ave, Portland, OR 97215
MLS# 617908739Listed by: CASCADE HASSON SOTHEBY'S INTERNATIONAL REALTY - New
$458,800Active2 beds 3 baths1,664 sq. ft.6910 N Charleston Ave, Portland, OR 97203
MLS# 628141405Listed by: WINDERMERE REALTY TRUST