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Listed by Apex Residential
$2,500,000
Est. payment /mo
13,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,500 sqft
Price per Sqft $185
MLS Listing ID 440162462
Year Built 1972
Annual Tax Amount $3,262
Tax Year 2025
Lot Size 1.020 Acres
Property Description
Riverview Heights presents a rare opportunity to acquire a 10-unitresidential income property in one of the Portland Metro's most desirable and supply-constrained communities. West Linn's constrained geography, top-rated schools, and consistent demand make it an exceptionally difficult market to replicate entry into.The property's most distinctive feature is its six separate tax lots, a structural advantage unavailable in conventional multifamily product. Units can be sold individually over time, repositioned as owner-occupied housing, or transferred as part of estate and succession planning, giving investors a built-in exit strategy that adds long-term optionality to near-term cash flow.Each residence offers 3 bedrooms, 1.5 baths, private yards and decks, in-unit washer/dryer hookups, and dedicated parking — a combination that attracts stable, long-term tenants and supports below-market turnover. The uniform floor plan across all ten units keeps operations simple and management efficient.With immediate access to I-205 and SR-43, residents enjoy seamless connectivity to Lake Oswego, downtown Portland, and the broader South Metro. Riverview Heights is the kind of asset that rarely trades: quality housing in a premier submarket, with the flexibility to hold for income, sell units individually, or transfer wealth to the next generation, entirely on your terms.
Location
State OR
County Clackamas
Community Alllandscaping
Area _147
Zoning R-4.5
Rooms
Basement Daylight
Interior
Heating Other
Cooling Other
Exterior
Community Features AllLandscaping
Waterfront Description RiverFront,Seasonal
View Mountain, River
Roof Type Flat
Garage No
Building
Lot Description Gentle Sloping
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Sunset
Middle Schools Rosemont Ridge
High Schools West Linn
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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