James & Angie Smith

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Listing provided courtesy of RE/MAX Equity Group- MLS# 211596624MLS Provider

1700 NE 231ST CTWood Village, OR 97060

Multi-Family · 2,716 Sq. ft. | 0.25 Acres
$819,900 Active

1700 NE 231ST CT Overview

Time on Site:
57 days
Visits:
4

Portland Area Investors!! Are you looking for an investment property with great cash flow that pencils out to an excellent cap rate of 6.73, AND isn't impacted by City of Portland rental laws? This Wood Village triplex is in a great location and has been exceptionally well cared for. The large .25-acre lot is on a quiet cul-de-sac with quick access to I-84, bus lines, public parks, dining, retail and outlet shopping. Recent investment of approximately $25K in improvements. The units have all benefited from interior updates intended to keep maintenance costs low. Each one level unit has a washer/dryer hookup, a fully fenced yard, and a covered patio. Two units have new storage sheds for renters' use. The numerous updates you'll find inside and out include new exterior paint in 2021, vinyl windows, LVP flooring, and even granite countertops & stainless-steel kitchen appliances in one unit. There are also 7 off-street parking spaces. This is a unique opportunity to obtain a high-quality investment property that has been in the same ownership for over 40 years. Please write offer subject to full inspection. Do not walk property or disturb renters.

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1700 NE 231ST CT Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,716
  • Price/Sq.ft. $302
  • Lot 0.25 Acres

Details

General

School Information

  • Elementary School: Salish Ponds
  • Middle Or Junior School: Reynolds
  • High School: Reynolds

Income/Expenses

  • Gross Income: 69528.0
  • Net Operating Income: 55199.0
  • Operating Expense: 14329.0

Building Information

  • Year Built: 1980

Location/Region

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

Rent/Lease Information

  • Rent Includes: Trash Collection,Water

Tax Information

  • Tax Annual Amount: 5359.7
  • Tax Year: 2025

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Conventional,FHA,VA Loan
  • Parcel Number: R140013
  • Property Condition: Updated/Remodeled
  • Property Type: Multi Family
  • Zoning: MR2

Interior

Building Interior

  • Building Area Total: 2716.0

General Information

  • Basement: None
  • Cooling: None
  • Foundation Details: Concrete Perimeter
  • Heating: Forced Air
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Assigned,Paved
  • Parking Total: 7.0

Lot Information

  • Lot Features: Cul-de-sac
  • Lot Size Acres: 0.25
  • Lot Size Square Feet: 10890.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

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

1700 NE 231ST CT Neighborhood

Community

97060 (Troutdale) Demographics

33
Median Age
1,037
Population Density (per sq. mile)
36%
College Educated
$77,535
Estimated Median Income
4,708
Estimated Total Home Owners
2,225
Estimated Total Renters
68% / 32%
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.

1700 NE 231ST CT 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.

1700 NE 231ST CT Market Data

Based on the last 30 days in this zip code

$568,092
Average List Price
$262
Average Price per Square Foot
7
Properties Sold
64
Average Days on Market
59
Properties for Sale
Calculations provided by Reliance Network

1700 NE 231ST CT History

Date Event Value Agent
6/27/2026Source: Regional MLS Price Reduction
$819,900 -2.4%
6/2/2026Source: Regional MLS Price Reduction
$839,900 -1.2%
5/3/2026Source: Regional MLS Added to Database
May 03, 2026