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Listed by Cascade Hasson Sotheby's International Realty
$ 1,550,000
Est. payment | /mo
0.3 Acres Lot
$ 1,550,000
Est. payment | /mo
0.3 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 592486582
Year Built 1911
Annual Tax Amount $13,714
Tax Year 2025
Lot Size 0.300 Acres
Property Description
Rare opportunity to own an income-generating property with two detached homes on a spacious 13,000 sq ft RM2-zoned lot in desirable SE Portland. The 1,944 sq ft duplex offers two separate 2-bedroom, 1-bath units, plus a 964 sq ft unfinished basement. The second home provides approximately 1,682 sq ft with 3 bedrooms, 2.5 baths, and an additional 864 sq ft basement. Both homes feature fully fenced yards and share a detached three-car garage, with one space for the duplex and two for the second home. RM2 zoning provides future development flexibility, including potential for a larger, multi-story multi-dwelling project, subject to zoning requirements and buyer verification. An excellent opportunity for investors, owner-occupants, or multi-generational living, with multiple avenues for rental income and long-term growth. Conveniently located just six blocks from New Seasons Market and Clinton Community Garden, with nearby restaurants, coffee shops, parks, and neighborhood amenities. A rare SE Portland property offering immediate income potential, flexibility, and future development possibilities.
Location
State OR
County Multnomah
Area _143
Zoning RM2
Rooms
Basement Full Basement, Partially Finished
Interior
Heating Forced Air
Exterior
Garage Spaces 3.0
Roof Type Composition
Garage No
Building
Lot Description Level
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Abernethy
Middle Schools Hosford
High Schools Cleveland
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOLS & BUSINESSES
FEATURED AREAS
