Calico Ridge Real Estate Search

Calico Ridge Multi-Family Properties for Sale

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Newest Calico Ridge Multi-Family Homes for Sale

$829,900
788305557 MLS
A rare SW Portland cottage cluster investment opportunity, this newly built offering includes two front detached homes, each with 3 bedrooms and 2.1 bathrooms, for a combined 6 bedrooms, 4 full bathrooms, and 2 half bathrooms. Both homes are vacant and ready for lease up, allowing an investor to establish new market rents from day one. Detached cottage style residences provide the privacy, identity, and tenant appeal of standalone living while remaining efficient to own and operate. Built by a local boutique builder renowned for elevated finishes, signature millwork, and exceptional architectural detailing that gives every home a custom feel. Where elevated craftsmanship becomes everyday living. Intentionally scaled for lower maintenance ownership, the homes feature open main level living areas and flexible main floor bedrooms that can also serve as offices, dining rooms, or additional living spaces. Upstairs bedrooms feature tasteful coffered ceilings, while walk in closets, laundry, energy efficient mini splits for year round heating and cooling, and 2-10 Builder Warranty coverage add comfort and confidence. Individual entries, a central community walkway, bike parking, and cottage inspired details give the community a polished neighborhood presence. Gabriel Park is just steps away, offering trails, open green space, sports courts, a dog area, playground, and everyday recreation without needing to drive. Nearby Multnomah Village adds coffee, dining, shops, bakeries, neighborhood services, and a recognizable village atmosphere that keeps daily conveniences close to home. Together, these amenities create a compelling setting for tenant attraction and retention. Projected rental income and expenses are pro forma estimates based on anticipated lease up rents and operating assumptions. Buyer to perform all due diligence regarding projected rental cash flow.

3614 SW Vermont ST, Portland

Listing courtesy of Keller Williams Realty Portland Premiere.

$1,109,998
8 Beds 8 Baths 7025359 MLS
Discover a prime investment opportunity in strong central Phoenix with this fully occupied 8-unit multifamily complex generating consistent cash flow from day one. This exceptional property comprises three spacious 1-bedroom, 1-bathroom units and five efficient studio units, perfectly positioned to capitalize on the area's high demand for affordable rentals where vacancies remain rare. Each unit features its own electrical sub-panel for independent metering and billing. While all three 1-bedroom units boast in-unit washer/dryers for premium tenant appeal, and studios share a convenient on-site laundry facility. The property is fully fenced with one dedicated parking spot per unit, creating a secure and organized community. Major systems including plumbing, electrical, and HVAC were professionally upgraded in 2021, ensuring reliability and minimal maintenance concerns for years to come. The property is well-maintained with regular upkeep including fresh paint and timely repairs. With its R-5 zoning allowing for maximum density in multifamily development, this property presents significant future redevelopment possibilities for investors seeking long-term upside potential. Located strategically near Downtown Phoenix, the Central Avenue light rail extension, and with easy access to I-10 and I-17, residents enjoy quick commutes to key employment corridors and major transit routes. Beyond the stable current income, this is a true value-add opportunity--the large lot provides room for expansion, and there's strong potential to increase returns by replacing flooring and installing washer/dryers in the remaining studio units, or utilizing the huge courtyard for income-producing amenities like vending machines. This combines built-in stability with substantial upside for an investor ready to maximize returns. DRIVE-BY ONLY; please do not disturb tenants. Walkthroughs available only with accepted offers. Buyer to verify all information.

909 S 35th Avenue, Phoenix

Listing courtesy of Fathom Realty.

$480,500
4 Beds 2 Baths 7025341 MLS
Welcome to an outstanding investment opportunity in desirable South Phoenix! This beautifully renovated duplex offers the perfect blend of strong cash flow, modern finishes, and strategic location--plus the flexibility to build equity while living rent-free. With two identical side-by-side units which can generate upto $3,500+ in gross monthly rent, this turnkey property delivers immediate returns with minimal landlord involvement, or pursue a smart owner-occupancy strategy by living in one unit while rental income from the other covers your mortgage. Each spacious 2-bed, 1-bath unit features elegant, high-quality finishes throughout with updated kitchens showcasing white Shaker cabinetry, granite countertops, stainless steel appliances, and recessed lighting that creates a bright, modern aesthetic. Full bathrooms impress with tiled showers, updated vanities, and contemporary fixtures. Open-concept living areas flow seamlessly, complemented by abundant natural light and dual-pane windows that let in Arizona's beautiful weather year-round. This property is essentially brand new inside and out, updated 2019-2021. Each unit boasts private front and backyards. Rare for a duplex property, the expansive backyard provides significant flexibility and future upside. In addition to RV and boat storage, the generous lot size may offer the opportunity for a pool, detached casita, guest house, or other value-add improvements, subject to buyer verification of zoning requirements. Separately metered electric and water (yes for water as well) for each unit means transparent billing and simplified tenant management. Current lease expire 12/31/2026 for one unit and other unit is vacant, provides excellent timing to implement your desired strategy--whether that's maintaining strong investor cash flow or transitioning to owner-occupancy with flexible rental options. Just minutes from Sky Harbor International Airport and downtown Phoenix, this neighborhood offers unbeatable convenience and is experiencing significant growth with new construction and exciting development projects nearby, positioning this as a strong value play. This is true turnkey real estate- fully renovated, fully metered with an attractive cap rate. Property is strictly drive-by; please do not disturb tenants. Walkthroughs available after contract acceptance. Buyer to verify all facts, figures, zoning, development potential, and future use possibilities.

5206 S 11th Avenue, Phoenix

Listing courtesy of Fathom Realty.

$1,509,900
215034220 MLS
Secure a collection of three newly built detached cottage homes in the heart of Beaumont-Wilshire, offering a rare opportunity to acquire modern rental product in one of NE Portland’s most established neighborhoods. Built by a multi year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, the offering includes two 3/2.1 homes and one 2/2.1 home designed for long term livability, broad tenant appeal, and reduced near term maintenance. Each home offers the privacy and residential feel of detached living with open great room style main levels, brand new stainless steel appliances, solid surface countertops, main level half baths, upstairs laundry, and efficient mini split heating and cooling. Functional bedroom and bathroom layouts create flexibility for couples, families, roommates, or work from home needs, helping broaden the potential tenant pool and support retention. Beaumont-Wilshire adds another layer of rental appeal with an established neighborhood feel, convenient access throughout NE Portland, and everyday amenities close to home. Tenants can pick up groceries at Beaumont Market or New Seasons, grab coffee and doughnuts at Pip’s Original, stop by Grand Central Bakery, meet friends for dinner at Amalfi’s, or spend an afternoon at Wilshire Park. Beaumont Village adds more restaurants, shops, coffee, and neighborhood services nearby. The combination of detached new construction, modern systems, desirable layouts, and a lifestyle oriented location creates a compelling long term hold opportunity with low maintenance ownership and strong rental potential.

4895 NE CESAR E CHAVEZ BLVD, Portland

Listing courtesy of Keller Williams Realty Portland Premiere.

$1,200,000
252532862 MLS
Restored and rocking in the heart of Portland, this beautifully reimagined 1932 English Tudor in Burlingame blends timeless character with bold craftsmanship and creative energy. Set on a spacious, tree-lined lot, the home offers versatile living across three levels with a rare mix of historic charm and thoughtful modern upgrades. Inside, you’ll find restored mahogany trim, built-ins, and hardwood floors paired with curated lighting and elevated finishes throughout. Multiple fireplaces and a light-filled sunroom create inviting spaces for both quiet moments and lively gatherings. The kitchen features granite countertops, gas appliances, an island, and pantry, flowing seamlessly into formal and casual living areas designed for entertaining. The primary suite offers a private retreat with soaking tub, walk-in shower, dual sinks, and direct deck access. A standout feature is the fully permitted (2021) attached ADU, showcasing incredible craftsmanship with reclaimed wood cabinetry, concrete countertops, copper accents, hardwood flooring, and its own heating and cooling system—ideal for guests, rental income, or a private creative studio. The finished lower level adds flexibility for extended living, guest quarters, or additional entertaining space—perfect for movie nights, creative pursuits, or simply spreading out. Extensive exterior upgrades include a refreshed stucco façade with cedar accents, copper details, an updated deck with outdoor kitchen and sauna, and beautifully curated landscaping. The property also offers RV/boat parking, multiple outbuildings, and added privacy. A rare opportunity—this sale includes two additional lots totaling just under an acre, complete with a seasonal creek, offering a peaceful, natural setting with room to expand or simply enjoy.Conveniently located near OHSU & downtown Portland, this one-of-a-kind property blends history & livability—a home with soul & style.Sellers will contribute towards buyer's closing costs. [Home Energy Score = 2. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10248297]

6164 SW CAPITOL HWY, Portland

Listing courtesy of Keller Williams Realty Portland Premiere.

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Listing data last updated: The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Last updated: