$550,000
OPEN SUN 12PM - 2PM

4220 SE Ivon St Portland, OR 97206

Richmond Neighborhood

Estimated payment $3,586/month

Total Views 466
4 Beds
2 Baths
1,588 Sq Ft
$346 Price per Sq Ft

Highlights

  • Very Popular Property
  • Landscaped with Trees
  • Level Lot
  • View of Trees or Woods
  • Baseboard Heating
  • 4-minute walk to Ivon park

About This Home

Discover a fantastic investment or owner-occupant opportunity in this 1967 side-by-side duplex perfectly situated in SE Portland’s highly desirable Richmond neighborhood. Perched on a quiet hill, the property offers a sense of privacy, along with dedicated driveways for both units—an uncommon and valuable feature in the area. Each unit features two bedrooms and one bathroom, providing comfortable and functional living spaces that cater to both tenants and homeowners alike. Designed with privacy and practicality in mind, the duplex layout is ideal for maximizing rental income. Live in one unit and rent out the other to help offset your mortgage, or lease both units at market rate for immediate cash flow. With a solid cap rate of 5.86%, this property offers strong investment performance alongside long-term flexibility and value. Enjoy unbeatable access to vibrant Division Street, with its eclectic mix of shops, cafes, parks, and public transit options just moments away. Whether you're an investor or looking for a place to call home, this income-producing property is a smart move in one of Portland’s most sought-after neighborhoods.

Last Listed By

Jennifer O'Brien

Living Room Realty License #201234383 Listed on: 05/30/2025

Living Room Realty

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,981

Year Built

  • Built in 1967

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot
  • Landscaped with Trees

Home Design

  • Composition Roof
  • Lap Siding
  • Cedar

Interior Spaces

  • 1,588 Sq Ft Home
  • 1-Story Property
  • Views of Woods
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Schools

  • Creston Elementary School
  • Kellogg Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R215821

Community Details

Overview

  • 2 Units
  • Richmond Subdivision

Building Details

  • Operating Expense $17,217
  • Gross Income $43,620
  • Net Operating Income $32,204

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,981

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1967
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: Yes
  • Special Features: 4097
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Total Bedrooms: 4
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Cedar,LapSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: Yes
  • Lot Features: Level, Sloped, Trees
  • Road Surface Type: Paved
  • Roof: Composition
  • View: TreesWoods

Garage/Parking

  • Parking Description: OffStreet
  • Attached Garage: No
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Creston
  • High School: Franklin
  • Middle Or Junior School: Kellogg

Lot Info

  • Zoning: R2.5
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R215821

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5980.91

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.61
  • Annual Gross Income: 43620.0
  • Property Net Operating Income: 32204.0
  • Annual Operating Expense: 17217.0

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 For Sale $550,000 -- $346 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 793658328

Regional Multiple Listing Service (RMLS)

Oregon Multnomah County Portland 97202 Richmond

4220 SE Ivon St, Portland, OR

This home is located at 4220 SE Ivon St, Portland, OR 97206 and is currently priced at $550,000, approximately $346 per square foot. This property was built in 1967. 4220 SE Ivon St is a home located in Multnomah County with nearby schools including Creston Elementary School, Hosford Middle School, and Franklin High School.

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Nearby Homes
Listing Agent
Jennifer O'Brien
Section Image
Living Room Realty
(971) 396-5687