# 3392 SE WAVERLEIGH Blvd, Portland, OR 97202

> **TL;DR:** 3bd/3ba residential multi family, $799,900 ($287/sqft), built 1958, 2,787 sqft.
> 1-car garage. Est. $4,278/mo. Listed 108 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $799,900 |
| Price/sqft | $287 |
| Bedrooms | 3 |
| Bathrooms | 3 full |
| Square Feet | 2,787 |
| Year Built | 1958 |
| Lot Size | 8,712 sqft (0.20 acres) |
| Stories | 1 |
| Garage | 1-car |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 108 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,045 |
| Estimated Insurance | $233 |
| **Total** | **$4,278** |

## Nearby Schools

- **Elementary:** Grout
- **Middle:** Hosford
- **High:** Cleveland

## Key Amenities

- 1-car garage

## Property Highlights

- Built in 1958
- 0.20 acre lot

## Description

### Agent Description
Excellent Investment Opportunity in the Highly Desirable Waverleigh Heights Neighborhood!Featuring a new roof and fresh exterior paint, this well-maintained, single-level 2,783 SF triplex, built in 1958, has been owned by only two owners since it was constructed-a rare opportunity to acquire a pride-of-ownership property in one of Southeast Portland's most sought-after neighborhoods.The property features one spacious 2-bedroom, 2-bath unit complete with a mini-split heating and air conditioning system, cozy fireplace, private fenced backyard, and an attached 2-car garage. The two additional units each offer 1 bedroom and 1 bath, providing an excellent mix of unit sizes for a variety of tenants.All three units feature hardwood floors and full individual basements with washer/dryer hookups, offering abundant storage and added convenience. The property's solid construction, timeless layout, and desirable location make it an attractive long-term investment opportunity.The property offers a 4.5% capitalization rate with current gross annual income of $56,340 and a Net Operating Income (NOI) of $37,159, providing investors with immediate income potential and long-term appreciation opportunity in a highly desirable Southeast Portland location.Ideally located just minutes from Cleveland High School Field, nearby bus lines, and the shops, restaurants, and everyday conveniences along SE Powell Boulevard, this property also offers easy access to downtown Portland and surrounding neighborhoods.Whether you're looking to expand your investment portfolio or own a quality multifamily property in a prime Southeast Portland location, this exceptional Waverleigh Heights triplex is an opportunity you won't want to miss.

## Location

- **Address:** 3392 SE WAVERLEIGH Blvd, Portland, OR 97202
- **County:** Multnomah
- **Coordinates:** 45.498563, -122.629252
- **Google Maps:** https://www.google.com/maps?q=45.498563,-122.629252

## Listing Agent

- **Name:** Greg Carnese
- **Brokerage:** Realty First
- **Broker Phone:** (503) 343-5825
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/3392-SE-Waverleigh-Blvd_Portland_OR_97202_M28776-59191?f=listhub&s=RMLSOR&m=684280159&c=propsimple)

## Photos

![3392 SE WAVERLEIGH Blvd - Photo 1](http://lh.rdcpix.com/a26cffdeaaf17a3a84441216549c84a5l-f1349973323r.jpg)

![3392 SE WAVERLEIGH Blvd - Photo 2](http://lh.rdcpix.com/a26cffdeaaf17a3a84441216549c84a5l-f3092048101r.jpg)

---

**MLS#:** 684280159 | **Updated:** 2026-10-31
**Source:** listhub

*Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://staging.propertysimple.ai/listing/3392-se-waverleigh-blvd-portland-or-97202-5ad31e4c613e4de1b46a65ce5f8e9fc7)

---

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