J
Seller's Agent in 2025
Jennifer O'Brien
Living Room Realty
(503) 719-5588
3 in this area
52 Total Sales
4220 SE Ivon St Portland, OR 97206
Richmond Neighborhood
4
Beds
2
Baths
1,588
Sq Ft
5,227
Sq Ft Lot
Highlights
- View of Trees or Woods
- Landscaped with Trees
- Level Lot
- Creston Elementary School Rated 9+
- Baseboard Heating
- 4-minute walk to Ivon park
About This Home
As of July 2025Discover 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 Agent to Sell the Property
Living Room Realty License #201234383 Listed on: 05/30/2025
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
- Rent includes sewer, trashcollection, water
- 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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 30, 2025
Closed on
Jul 30, 2025
Sold by
Stadtfeld Stephen and Hoogstra Heidi
Bought by
Reay Megan
Seller's Agent
Jennifer O'Brien
Living Room Realty
Buyer's Agent
Michelle Spanu
Cascade Hasson Sotheby's International Realty
List Price
$550,000
Sold Price
$610,000
Premium/Discount to List
$60,000
10.91%
Views
31
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.41%
Original Mortgage
$549,000
Outstanding Balance
$548,533
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$65,690
Purchase Details
Closed on
May 30, 2002
Sold by
Heenan Nada M
Bought by
Stadtfeld Stephen and Hoogstra Heidi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,759
Interest Rate
6.89%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $610,000 | First American Title | |
| Warranty Deed | $145,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $549,000 | New Conventional | |
| Previous Owner | $142,759 | FHA |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Sold | $610,000 | +10.9% | $384 / Sq Ft |
| 06/02/2025 06/02/25 | Pending | -- | -- | -- |
| 05/30/2025 05/30/25 | For Sale | $550,000 | -- | $346 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $5,981 | $223,540 | -- | -- |
| 2023 | $5,981 | $217,030 | $0 | $0 |
| 2022 | $5,626 | $210,710 | $0 | $0 |
| 2021 | $5,531 | $204,580 | $0 | $0 |
| 2020 | $5,074 | $198,630 | $0 | $0 |
| 2019 | $4,888 | $192,850 | $0 | $0 |
| 2018 | $4,744 | $187,240 | $0 | $0 |
| 2017 | $4,547 | $181,790 | $0 | $0 |
| 2016 | $4,161 | $176,500 | $0 | $0 |
| 2015 | $4,052 | $171,360 | $0 | $0 |
| 2014 | $3,991 | $166,370 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jennifer O'Brien
-
Michelle Spanu
Buyer's Agent in 2025
Michelle Spanu
Cascade Hasson Sotheby's International Realty
(503) 330-5573
2 in this area
147 Total Sales
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 793658328
APN: R215821
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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