Iraida B. Hermann, MBA

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Listing provided courtesy of Keller Williams PDX Central- MLS# 238894307MLS Provider

18220 SE PINE STPortland, OR 97233

Multi-Family · 0.12 Acres
$619,900 Active

18220 SE PINE ST Overview

Time on Site:
52 days
Visits:
0

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.

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18220 SE PINE ST Facts & Features

  • Type Multi-Family
  • Lot 0.12 Acres

Details

General

School Information

  • Elementary School: Hartley
  • Middle Or Junior School: Reynolds
  • High School: Reynolds

Income/Expenses

  • Gross Income: 59954.0
  • Net Operating Income: 34917.0
  • Operating Expense: 25037.0

Building Information

  • Year Built: 1996

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 144 - Gresham, Sandy, Troutdale, Corbett

Rent/Lease Information

  • Rent Includes: None

Tax Information

  • Tax Annual Amount: 8260.39
  • Tax Year: 2025

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Conventional,FHA,VA Loan
  • Parcel Number: R238126
  • Property Type: Multi Family
  • Zoning: RTC

Interior

General Information

  • Heating: Forced Air
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Garage

Lot Information

  • Lot Features: Level
  • Lot Size Acres: 0.12
  • Lot Size Square Feet: 5227.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 3
  • Sewer: Public Sewer

18220 SE PINE ST Neighborhood

Community

97233 (Portland) Demographics

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

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

18220 SE PINE ST Monthly Cost

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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.

18220 SE PINE ST Market Data

Based on the last 30 days in this zip code

$357,073
Average List Price
$252
Average Price per Square Foot
21
Properties Sold
107
Average Days on Market
108
Properties for Sale
Calculations provided by Reliance Network

18220 SE PINE ST History

Date Event Value Agent
6/12/2026Source: Regional MLS Price Reduction
$619,900 -4.6%
5/8/2026Source: Regional MLS Added to Database
May 08, 2026