$750,000

Estimated payment $4,614/month

Total Views 4,010
3 Beds
2 Baths
2,475 Sq Ft
$303 Price per Sq Ft

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 3-minute walk to Sunnyside School Park
  • Level Lot

About This Home

Rare Inner SE Development + Income Opportunity in the Heart of Sunnyside! This charming duplex sits on a rare double lot (66x100) in the highly desirable Sunnyside neighborhood, just blocks from vibrant Belmont and Hawthorne corridors. The property features a 2 bed/1 bath main-level unit and a 1 bed/1 bath upper-level unit, with shared laundry and ample storage in the basement.With a history of long-term tenants and low vacancy, this property has been well-maintained by a longtime owner. The lower unit is currently vacant, presenting an ideal opportunity for an owner-occupant or value-driven investor seeking immediate upside.Per the City of Portland, a simple lot line confirmation could create a second buildable 33x100 lot—unlocking potential for increased density or future development. Buyer to conduct all due diligence; seller makes no warranties or representations.Whether you're looking to hold for cash flow, add value through redevelopment, or live on-site while planning your next move, this is a compelling opportunity in one of Portland’s most dynamic neighborhoods.

Listing Agent

Steve Odermann

Windermere Realty Trust Brokerage Email: sodermann@windermere.com License #201209382 Listed on: 06/24/2025

Windermere Realty Trust

Co-Listing Agent

Bekah McGuire

Windermere Realty Trust Brokerage Email: sodermann@windermere.com License #201244164

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,088

Year Built

  • Built in 1904

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot

Home Design

  • Fixer Upper
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,475 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • Driveway
  • On-Street Parking

Schools

  • Sunnyside Env Elementary And Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number R280638

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $18,013
  • Gross Income $33,151
  • Net Operating Income $15,138

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,088

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1904
  • Property Condition: Fixer
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Total Bedrooms: 3
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, OnStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Electricity,Gas
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Sunnyside Env
  • High School: Franklin
  • Middle Or Junior School: Sunnyside Env

Lot Info

  • Zoning: R2.5
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6534.0
  • Parcel #: R280638

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Gas, MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 6088.18

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 22.62
  • Annual Gross Income: 33151.0
  • Property Net Operating Income: 15138.0
  • Annual Operating Expense: 18013.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $6,088 $220,930 $0 $0
2022 $5,728 $214,500 $0 $0
2021 $5,631 $208,260 $0 $0
2020 $5,166 $202,200 $0 $0
2019 $4,976 $196,320 $0 $0
2018 $4,830 $190,610 $0 $0
2017 $4,629 $185,060 $0 $0
2016 $4,236 $179,670 $0 $0
2015 $4,125 $174,440 $0 $0
2014 $4,063 $169,360 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2025 06/24/25 For Sale $750,000 -- $303 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Mortgage History

Date Status Loan Amount Loan Type
Closed $100,000 New Conventional
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 438416964

Regional Multiple Listing Service (RMLS)

APN: R280638