Blog investment Overlook Triplex with 1940's Charm

Overlook Triplex with 1940’s Charm

By Kim Parmon, April 16, 2025

2429 N KILLINGSWORTH ST , Portland 97217

$649,900 (Pending)

  • Bed
  • Bath
  • 1753 sqft.

Portland, 97217

View Listing
  • Built in 1947
  • 1753 sqft
  • $370.74/sqft
  • County: Multnomah

Cash Flowing Overlook Triplex

2429-2433 N Killingsworth St.,  | Portland, OR 97217

Offered at $649,900 | MLS #437979573

Unit 2433 :  1 Bedrooms | 1 Baths | 554 sq. ft.

Unit 5510 :  2 Bedrooms | 1 Baths | 726 sq. ft.

Unit 2429 :  1 Bedrooms | 1 Baths | 509 sq. ft.

This well-built midcentury triplex in the coveted Overlook neighborhood is fully leased up with quality market rate tenants and ready to be your next cash flowing investment! The main floor features a 2 bed/1bath unit with original wood floors, charming vintage finishes, and spacious bedrooms. On this floor you will also find a 1 bed/1bath unit with vintage wood floors and an updated kitchen and bath.

Downstairs, there is a third legal 1 bed/1bath unit with tile floors, pine kitchen cabinetry, and an updated bathroom. All units have entrances on different sides of the building for their own sense of privacy and autonomy, and the garage features both coin op laundry as well as a private storage space for the two bedroom unit.

Experience low turnover in this desirable location with easy access to transit, just .3 miles to the Adidas campus, with parks and restaurants nearby, the hot Mississippi district less than 1.5 miles away, and the University of Portland campus less than 2.5 miles away.

Kim Parmon

Principal Broker | Earth Advantage Certified | OR

She/Her

Kim Parmon Principal Broker  Lead Listing Agent Earth Advantage Certified | OR kim@livingroomre.com Oregon is the fifth state that Kim has called home in her life, and this one is sticking!  After moving multiple times in her childhood, Kim fully understands how empowering homeownership and having roots is...
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  • T: 503-438-5101
  • kim@livingroomre.com

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