3321-3325 US Veterans Hospital Rd
Portland, OR 97239

About This Property

Turnkey, fully vacant triplex directly across from Oregon Health & Science University (OHSU) — Portland's largest employer — and the VA Medical Center. Positioned to capture the high-demand furnished mid-term rental market for traveling nurses, medical residents, and hospital staff. Lean expense structure with electric separately metered and water/sewer/trash billed back to tenants. Includes a large exterior-entry storage room with potential to convert into a spacious 4th unit.

Features & Highlights

• Rare investment or owner-occupant opportunity steps from Oregon Health & Science University (OHSU) and the VA Medical Center — Portland's largest hospital and largest employer. This triplex sits on Marquam Hill in the Homestead neighborhood, offering built-in rental demand from medical staff, students, and residents. Property Highlights:
• 3 units | 3 bedrooms / 3 bathrooms total | 2,980 sq ft Built in 1959, classic mid-century interiors Large ground-level shop/maintenance space with ample storage which could be easy 4th unit. Recently up-zoned to RM3 multifamily zoning under Portland's "Better Housing by Design" changes — supports future redevelopment potential up to mid-rise density Walk to OHSU, VA Hospital, and Portland State University Close to Marquam Nature Park and Council Crest Excellent transit access — multiple bus lines and MAX rail nearby
• Whether you're an investor seeking steady rental income from the hospital-adjacent tenant pool, or looking to redevelop under the new zoning, this is a hard-to-find opportunity in one of Portland's most in-demand corridors.

Property Details