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About the Listing KRRE01 - SERRILLJ
This single-family home has been reimagined into three separate living spaces, all of which are fully permitted and approved for year-round short-term rental use. While not permitted as a triplex, the property operates legally and successfully as an Airbnb, offering incredible flexibility and consistent performance. With proven, high occupancy rates and financials accurately reflected in RMLS from the past year of operation, this is a true cash-flow powerhouse. Currently operating as an Airbnb, the property generates $115,000 in annual revenue, with approximately $30,000 in expenses, netting an impressive $85,000 per year. At the $850,000 asking price, that equates to a 10%+ cap rate based on actual performance—rare to find in today’s Portland market. The interiors have been thoughtfully renovated and come fully furnished—every piece of furniture and fixture is included in the sales price, making this an effortless, turnkey investment. Whether you choose to live in one unit and let the other two offset your living costs, or maximize returns by renting the entire property, this is a standout opportunity in the heart of SW Portland. Don’t miss out on this exceptional, income-producing property with strong returns and unbeatable flexibility!
Listing Highlights for 9647 SW Capitol Hwy
Status
Active
Days on Site
33
Property Type
Residential
MLS ®
533610492
Year Built
1931
Total Square Footage
1,661
Lot/Acreage
0.11
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances: Built-in Oven, Cooktop, Dishwasher, ENERGY STAR Qualified Appliances, Free-Standing Refrigerator, Microwave, Range Hood
- Air Cond:
- Heating: Forced Air - 95+%
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Partial Basement,Unfinished
- Other: Engineered Hardwood,Hardwood Floors,High Ceilings,Laundry,Vinyl Floor,Washer/Dryer,Wood Floors,Master on Main
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof: Composition
- Others: Fenced,Patio,Porch,Raised Beds,Yard,Resale
- Sewer: Public Sewer
- Parking Features: Driveway
Financial Details
- Tax Amount: $4,264
- Taxes w/Assessments: N/A
- Tax/Property ID: R302142
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
9647 SW Capitol Hwy Portland, OR 97219
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