Primary on Main
Address
9647 Sw Capitol Hwy, Portland, OR
Price
$ 850,000
Property Attributes
- MLS#533610492
- TypeSingle Family
- Listing Status Active
- CountyMULTNOMAH
- CityPortland
- Area148
- Zip97219
- StyleStories1,Bungalow
- Year Built1931
- Taxes$ 4263
- Price$ 850,000
- Bedrooms3
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage1661
- Lot Size0.11 Acres
Data Source:
Regional Multiple Listing Service (RMLSOR)
Property Description
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!
| Elementary School | Middle School | High School |
|---|---|---|
| Capitol Hill Elementary School | Jackson Middle School | Ida B Wells High School |
| Price History | |
|---|---|
| 9/19/2025 | Listed $850,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | ForcedAir95Plus |
| Roof | Composition |
| Appliances | BuiltinOven,Cooktop,Dishwasher,ENERGYSTARQualifiedAppliances,FreeStandingRefrigerator,Microwave,RangeHood |
| Architectural Style | Stories1,Bungalow |
| Year Built | 1931 |
| Stories Count | 1 |
| Property Subtype | SingleFamilyResidence |
| Tax Year | 2024 |
| Parcel Number | R302142 |
| County | Multnomah |
| Property Type | Residential |
| HOA | No |
| Full Baths | 3 |
| Status | Active |
| Directions | SW Taylors Ferry Rd |
| High School | Ida B Wells |
| City | Portland |
| Disclosures | Disclosure |
| MLS Area | _148 |
| Lot Size Square Feet | 4791.0 |
| Listing Terms | Cash,Conventional,FHA,VALoan |
| Elementary School | Capitol Hill |
| Tax Annual Amount | 4263.77 |
| Middle/Junior High School | Jackson |
| Property Condition | Resale |
| Standard Status | Active |
| Accessory Dwelling Unit Y/N | No |
| Legal Description | WEST PORTLAND,BLOCK 72,LOT 5-8 TL 4100 |
| SeniorCommunityYn | False |
| ADU | False |
Interior Features
| Interior Amenities | EngineeredHardwood,HardwoodFloors,HighCeilings,Laundry,VinylFloor,WasherDryer,WoodFloors |
|---|---|
| Basement | PartialBasement,Unfinished |
| Hot Water | Gas |
| Total Bathrooms | 3.0 |
| FuelDescription | Gas |
| Total Bedrooms | 3 |
| Total Baths | 3 |
Exterior Features
| Exterior Amenities | Fenced,Patio,Porch,RaisedBeds,Yard |
|---|---|
| Parking Features | Driveway |
| Water Source | PublicWater |
| Exterior Description | ShakeSiding |
| Foundation Details | ConcretePerimeter |
| Building Area Total | 1661.0 |
| Lot Size Acres | 0.11 |
| Road Surface Type | Paved |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 97219
Price
Taxes
Year Built
Visits
All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by RMLSTM.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLSTM of Portland, Oregon. Real estate listings held by brokerage firms other than eXp Realty in Oregon are marked with the RMLSTM logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLSTM, Portland, Oregon.
This content last updated on September 28, 2026 2:30 AM UTC at 4 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
