This well-positioned 3 family in Melrose represents a strong investment opportunity with immediate income & long-term upside. Set on an expansive 13k sq ft lot, the property offers exceptional parking capacity & outdoor space—an increasingly rare advantage in this market. Unit 1 delivers a desirable three bedrooms, including a Primary Suite, plus a lower-level family room with private entrance & in-unit laundry. This unit currently rents for $3,400 per month & includes exclusive use of the oversized two-car garage, enhancing both appeal & revenue potential. Units 2 & 3 have updated kitchens & baths completed within the past decade or so & are occupied by long-term tenants, providing stable, predictable income. All units have separate utilities. This is an efficient setup that keeps operating costs manageable. With strong existing rents, solid tenant history, and opportunities for future value growth, this property would be a strategic addition to any investment portfolio.
Open House: January 2nd 4:00-5:30pm
| MLS Listing ID: | 73464224 |
|---|---|
| Listing Price: | $1,375,000 |
| Listing Status: | New [?] |
| Neighborhood: | Mount Hood |
| Property Type: | Multi Family |
| Bedrooms: | 7 |
| Full Baths: | 4 |
| Living Space: | 3964 sf. |
| Lot Size: | 0.3 acres (13203 sf.) |
| Parking: | Yes |
| Taxes: | $13,229.00 |
| Tax Year: | 2026 |
Listing Current as of December 30, 2025 5:00pm
This listing brought to you by Dale Brousseau of Trinity Real Estate.
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