Shawn Realty 503-515-44992,787 sq ft
3392 SE WAVERLEIGH BLVD, Portland, OR 97202
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- Building Area
- 2,787 sq ft
- Price/Sq Ft
- $278/sq ft
- Year Built
- 1958
- Garage
- 1 space
- County
- Multnomah
- Annual Tax
- $12,389 (2025)
- Days on Market
- 121 days
- Open House
- None scheduled
Monthly payment
$5,886 per month
- Principal & interest$4,692
- Property taxes$1,032
- HOA dues$0
- Home insurance$161
- Utilities$0
10% down · 30-year fixed · 7.11% rate · 7.211% APR (est.)
Rate: Freddie Mac weekly average, as of 11/12/2026. Estimate by Shawn Realty, not RMLS data.
Estimate by Shawn Realty, not RMLS data.
- Interest rate: 7.11% (7.211% APR, estimated). Rate: Freddie Mac weekly average, as of 11/12/2026.
- Down payment: 10% ($77,500) on $775,000; loan $697,500
- Term: 30-year fixed (360 monthly payments)
- Property taxes: $1,032/mo (RMLS annual tax ÷ 12)
- HOA dues: $0 (no HOA fee listed in RMLS)
- Home insurance: $161/mo (Shawn Realty assumption, 0.25% of price per year; not a quote)
- Est. APR assumes 1% of the loan amount in points and lender fees.
This is an estimate. Verify exact numbers with your lender.
Estimate only, not a loan offer or commitment. Principal, interest, est. property tax and HOA. Excludes homeowners insurance, mortgage insurance (PMI, typically required with under 20% down) and other costs. Actual rate, APR and payment depend on credit, lender and loan program. Talk to a licensed loan officer.
Description
Excellent Investment Opportunity in the Highly Desirable Waverleigh Heights Neighborhood!Featuring a new roof and fresh exterior paint, 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.
Facts & Features
| Property Type | Multi Family |
|---|---|
| Building Area (sq ft) | 2787 |
| Lot Size (acres) | 0.2 |
| Lot Size (sq ft) | 8712 |
| Year Built | 1958 |
| Garage Spaces | 1 |
| County | Multnomah |
| Elementary School | Grout |
| Middle School | Hosford |
| High School | Cleveland |
| Heating | Baseboard, Ceiling |
| Roof | Composition |
| View | No |
| Lot Features | Level |
| Parking | Garage, On Street |
| Sewer | Public Sewer |
| Water | Public Water |
| Community Features | Front Yard Landscaping |
| Annual Taxes | $12,389 |
| Tax Year | 2025 |
| Original List Price | $825,000 |
| RMLS # | 684280159 |
Map data © OpenStreetMap contributors (not RMLS data).
Listed by Greg Carnese • Realty First
Contact: 503-998-4135
Listing updated: Nov 15, 2026 at 12:17am
Source: RMLS #684280159 
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 Shawn Realty are marked with the RMLS logo, and detailed information about these properties includes the name of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on 11/15/2026 09:15. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by RMLS.
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Shawn Yu, Shawn Realty · 503-515-4499
Shawn Yu (Shawn Realty) is not the listing agent for this home.
Shawn Realty