501 SE 157th Ave, Portland, OR 97233

Portland
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
501 SE 157th Ave,Portland, OR 97233
$599,900
  • 0.48 Acres
  • Lots / Land
  • Pending
Listed by: jeff capen, kira dennison
Office: windermere realty trust503-284-7755
MLS#:664175852
Source:PORTLAND

Price summary

  • Price:$599,900

About this home

Fantastic land bank with wonderful cash flow situated in the Centennial neighborhood on a rare, dividable 0.48-acre lot zoned RM1, this property offers a unique blend of 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 a shared outdoor spaces complete with a...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Subdivision & Development:CENTENNIAL
  • Listing ID #:664175852
  • Added:144 day(s) ago
  • Updated:August 24, 2026 at 07:49 AM

Structure and exterior

  • Lot area:0.48 Acres
  • Lot Features:Commons, Public Road

Schools

  • High school:Centennial
  • Middle school:Oliver
  • Elementary school:Parklane

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$599,900
  • Tax amount:$9,789 (2025)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. 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 brokerage firms other than Better Homes and Gardens Real Estate Realty Partners are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: August 24, 2026

New listings near 501 SE 157th Ave