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$599,900 Just Listed

  • For Sale
  • Active
  • Single Family
  • 6 Beds
  • 3 Full Baths
  • 3,503 Sq. Ft.
  • Updated 2 hours ago
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Whether you're looking to subdivide and build, maintain as an income-producing property, or create the perfect multi-generational living compound, this property offers endless possibilities in a prime location. Fantastic tri-plex with exceptional flexibility and income potential! Situated in the Centennial neighborhood on a rare, dividable 0.48-acre lot zoned RM1, this property offers a unique blend of current cash flow and future development possibilities. Each of the three units features 2 bedrooms and 1 bathroom, with updates completed to varying degrees. Units are equipped with central air conditioning, in-unit washers and dryers, electric or gas ranges, and free-standing refrigerators for tenant convenience. Unit 505 showcases wood flooring, black appliances, a cozy fireplace with brick surround, and a stackable washer and dryer. Unit 511 offers distinctive Spanish tile in the kitchen, stainless steel appliances, gas cooking, a carpeted living room with a woodstove, a full-size washer and dryer, and a relaxing soaking tub. Unit 513, located on the lower level, features laminate wood flooring, white appliances, a built-in microwave, and a soaking tub. Residents enjoy access to shared outdoor spaces complete with a covered back patio, raised garden beds, and an inviting outdoor fireplace. The expansive, level backyard provides ample room for gardening, recreation, or future expansion. Additional highlights include two rentable garages for added income and driveway parking for at least six vehicles.

Full Property Details for 501 SE 157th Ave

General

  • Price: $599,900
  • Taxes: $9,789 (2025)
  • Status: Active
  • Type: Single Family
  • Source: RWMLS
  • MLS ID: 708957593
  • Updated: 4/7/2026
  • Added to Site: 6 day(s) ago

Interior

  • Interior Features: Accessory Dwelling Unit, Laminate Flooring, Laundry, Separate Living Quarters/Apartment/Aux Living Unit, Soaking Tub, Tile Floor, Wall to Wall Carpet, Washer/Dryer, Wood Floors
  • Fireplace: Yes
  • Number of Fireplaces: 2
  • Fireplace(s): Electric, Wood Burning
  • Appliances: Dishwasher, Free-Standing Gas Range, Free-Standing Range, Free-Standing Refrigerator, Microwave, Stainless Steel Appliance(s), Tile

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main - Full Baths: 2
  • Lower - Full Baths: 1

Bedrooms

  • Total Bedrooms: 6
  • Primary Bedroom: Main
  • Bedroom 2: Main
  • Bedroom 3: Main
  • Bedroom 4: Main
  • Bedroom 5: Lower
  • Bedroom 6: Lower

Other Rooms

  • Living Room: Main
  • Kitchen: Main
  • Dining Room: Main

Exterior

  • Exterior Features: Covered Patio, Garden, Outdoor Fireplace, Raised Beds, Yard

Parking

  • Garage: Yes
  • Total Spaces: 2
  • Parking Features: Driveway, On Street

Location

  • County: Multnomah
  • Subdivision: CENTENNIAL
  • Driving Directions: SE Stark , South on SE 157th

School Information

  • Elementary School: Parklane
  • Middle School: Oliver
  • High School: Centennial

Community

  • Community Name: 143 - Portland Southeast

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Architectural Style: 2 Story, Custom Style
  • Roof: Composition
  • Stories/Levels: 2
  • Square Feet: 3,503
  • Year Built: 1947
  • Property Condition: Updated/Remodeled

Lot Features

  • Lot Size (Acres): 0.48
  • Lot Size (Sq. Ft.): 20,908
  • Lot Size: 20, 000 SqFt to .99 Acres
  • Frontage: Paved
  • Lot Features: Level

Financial Considerations

  • Tax Amount: $9,789.34
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: RITLOW AC, BLOCK B, W 140' OF E 165' LOT 2 EXC N 70' & EXC S 382'
  • Disclosures/Reports: Disclosure
  • Property ID: R255684

Listed by Windermere Realty Trust (503) 284-7755, Jeff Capen (503) 888-5191 and Windermere Realty Trust (503) 436-1027, Kira Dennison (503) 522-7819

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Listing agents

— 501 SE 157th Ave —

  • Jeff Capen

    Windermere Realty Trust

    503-284-7755

  • Kira Dennison

    Windermere Realty Trust

    503-436-1027

503-888-5191

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 501 SE 157th Ave

School District:Centennial School District 28j
NameGradesDistance
Parklane Elementary School
15811 Southeast Main Street, Portland, OR 97233
K-50.3 mi
Centennial High School
3505 SE 182nd Ave, Gresham, OR 97030
9-121.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 501 SE 157th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/01/2026
Listed
$599,900
26.29%
MLS
12/30/2020
Sold
$475,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 501 SE 157th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,789
4%
$423,110
3%
2024
$9,386
4%
$410,790
3%
2023
$8,985
2%
$398,830
6%
2021
$8,842
1%
$375,950
-3%
2022
$8,766
-1%
$387,220
6%
2021
$8,842
17%
$365,000
3%
2019
$7,587
3%
$354,370
3%
2018
$7,333
4%
$344,050
3%
2017
$7,065
4%
$334,030
3%
2016
$6,812
8%
$324,310
3%
2015
$6,311
8%
$314,870
3%
2014
$5,864
10%
$305,700
8%
2013
$5,325
—
$283,290
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Windermere Realty Trust (503) 284-7755, Jeff Capen (503) 888-5191 and Windermere Realty Trust (503) 436-1027, Kira Dennison (503) 522-7819

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501 SE 157th Ave, Portland, OR 97233 (MLS# 708957593) is a Single Family property with 6 bedrooms and 3 full bathrooms. 501 SE 157th Ave is currently listed for $599,900 and was received on April 01, 2026. Want to learn more about 501 SE 157th Ave? Do you have questions about finding other Single Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

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