18220 SE Pine St

Portland, OR 97233

$649,900
Price
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Baths
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Sq. Ft.
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per Sq. Ft.
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Description

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...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.
  1. Listed by Mark Charlesworth • Keller Williams PDX Central

Property Details for 18220 Southeast Pine Street

Parking Features
Garage
Zoning
RTC
LISTING UPDATED: 05/12/2026 11:39 AM

Property Details for 18220 Southeast Pine Street

StatusActive
MLS #238894307
Days on Market29
Taxes$8,260 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1996
Lot Size0.12 AC / 5,227 SF
CountyMultnomah County
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Location

Listing Courtesy of Keller Williams PDX Central
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Building Information for 18220 Southeast Pine Street

Stories2Residences3Year Built1996Building Size-Lot Size0.12 AC / 5,227 SF

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$3,927 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,239

Property Taxes

$688

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 18220 Southeast Pine Street

Summary
Location and General Information
  • Country: US
  • Directions: SE PIne St & SE 181st Ave
  • Road Surface: Paved
School Information
  • Elementary School: Hartley
  • High School: Reynolds
  • Middle Or Junior School: Reynolds
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $8,260.39
  • Parcel Number: R238126
  • Tax Legal Description: PARTITION PLAT 1994-1, LOT 1
Property
Lot Information
  • Acres: 0.12
  • Lot Description: Level
  • Lot Size Square Feet: 5227.0
  • Lot Size Range: Sq Ft5000to6999
  • Lot Size: 5,000 to 6,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Year Built: 1996
Utilities
  • Fuel Description: Electricity, Gas
  • Heating Description: Forced Air
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Roof Type: Composition
Interior Features
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
  • Gross Income Actual: $59,954.00
  • Gross Rent Multiplier: $10.84
  • Net Income Actual: $34,917.00
  • Operating Expense: $25,037.00
  • Storage: Garage
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 1.10
  • Unit Type 1 Beds Total: 3
  • Unit Type 1 Rent: $1,925
  • Unit Type 1 SqFt: 1300.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Baths Decimal: 1.10
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Rent: $1,600
  • Unit Type 2 SqFt: 938.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 2
  • Unit Type 3 Baths Decimal: 1.10
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Rent: $1,550
  • Unit Type 3 SqFt: 938.0
  • Unit Type 3 Units Total: 1

Property History for 18220 Southeast Pine Street

DateEvent & SourcePriceAppreciation
Apr 3, 2007

Sold (Public Record)

Public Record #216588050

$360,000—
DateEvent & SourcePrice
04/03/2007

Sold (Public Record)

Public Record #216588050

$360,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 18220 Southeast Pine Street

Taxable ValueLand-Additions-Total-
Tax Record2025$8,260 ($688 / month)
Home Facts
Baths4.5Total Finished SqFt3,176 SqFtAbove Grade Finished SqFt3,176 SqFtStories2Lot Size5,000 SqFtStyleTriplexYear Built1996ZoningTDCountyMULTNOMAHAPN1N3E32CC 05901

Schools near 18220 Southeast Pine Street

This home is within Reynolds School District 7.
Rating
School
Type
Grades
Distance
Hartley Elementary School
Public - K to 5
Reynolds Middle School
Public - 6 to 8
Reynolds High School
Public - 9 to 12
Holla School
Charter - K to 4
Rating
School
Distance
Hartley Elementary School
PublicK to 5

Reynolds Middle School
Public6 to 8

Reynolds High School
Public9 to 12

Holla School
CharterK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 18220 Southeast Pine Street, Portland, OR 97233

18220 Southeast Pine Street is a multi-family home for sale in Portland, OR 97233. This property was listed for sale on May 8, 2026 by Keller Williams PDX Central, it's currently listed at $649,900. It has been on the market for a total of 29 days and was last sold on April 3, 2007. This listing's school district is Reynolds School District 7. Nearby schools include Hartley Elementary School, Reynolds Middle School and Reynolds High School. 18220 Southeast Pine Street is a 0-bed, 0-bath, multi-family home built in 1996.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams PDX Central

All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 05/12/2026 11:39 AM