$499,900

Estimated payment $3,178/month

Total Views 412
-- Bed
-- Bath
2,372 Sq Ft
$211 Price per Sq Ft

Highlights

  • Very Popular Property
  • Private Lot
  • Cooling Available
  • Cleveland High School Rated A-
  • No HOA
  • 4-minute walk to Hazeltine Park

About This Home

Stunning Remodeled Duplex in the Heart of SE Portland – Ideal for Investment or Multi-Generational Living!Welcome to 5324–5326 SE Flavel Street – a beautifully remodeled, move-in ready duplex located in a vibrant SE Portland neighborhood. This thoughtfully updated property offers two fully independent units, each with separate utility metering, modern finishes, and exceptional functionality for both homeowners and investors.Main Unit (5324):Spacious and bright, this 1,867 SQ FT unit features 3 bedrooms and 1 stylishly renovated bathroom. Enjoy year-round comfort with brand-new ductless heating and cooling throughout. The large, unfinished basement offers immense potential – perfect for storage, a workshop, or a future ADU conversion (buyer to verify). A detached 1-car garage adds convenience and value.Second Unit (5326):This charming 1-bedroom, 1-bathroom unit spans 648 SQ FT and boasts a full interior makeover, complete with a new high-efficiency gas furnace. It's the perfect space for extended family, guests, or rental income.Key Upgrades & Features:* All new exterior paint, roof, and gutters* Updated electrical service and panels* Substantial plumbing updates including new water heaters* Separate metering for all utilities* Modernized interiors with a clean, contemporary aestheticLocated near shops, parks, schools, and easy transit options, this duplex is a rare opportunity to own a turn-key, income-producing property in one of Portland’s most desirable neighborhoods.Live in one unit and rent the other, or maximize your returns with dual-rental income – the possibilities are endless!

Listing Agent

Jacob Sanchez

Next Generation Real Estate LLC License #201217085

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,873

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • Lot Dimensions are 75' x 100'
  • Private Lot
  • Level Lot

Parking

  • 1 Car Garage
  • Driveway

Home Design

  • Slab Foundation
  • Composition Roof
  • Cement Siding
  • Asbestos
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,372 Sq Ft Home
  • 2-Story Property

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry

Schools

  • Whitman Elementary School
  • Lane Middle School
  • Cleveland High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heat Pump System
  • Mini Split Heat Pump
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R144593

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Errol Heights Subdivision

Building Details

  • Operating Expense $2,400
  • Gross Income $52,680
  • Net Operating Income $50,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,873

Year Built

Built in 1925 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1925
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: ExteriorEntry, PartialBasement, Unfinished
  • Storage: Basement,Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Asbestos,CementSiding,Other
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter, Slab
  • View: No
  • Lot Features: Level, Private
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, Garage
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Electricity,Tank
  • Internet Service Type: Cable
  • Cooling: HeatPump, MiniSplit
  • Cooling Y N: Yes
  • Heating: ForcedAir, HeatPump, MiniSplit
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Whitman
  • High School: Cleveland
  • Middle Or Junior School: Lane

Lot Info

  • Zoning: R2.5
  • Lot Size: 75' X 100'
  • Parcel #: R144593

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 4872.96

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 9.49
  • Annual Gross Income: 52680.0
  • Property Net Operating Income: 50280.0
  • Annual Operating Expense: 2400.0

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 $4,686 $176,830 $0 $0
2022 $4,584 $171,680 $0 $0
2021 $4,507 $166,680 $0 $0
2020 $4,134 $161,830 $0 $0
2019 $3,982 $157,120 $0 $0
2018 $3,865 $152,550 $0 $0
2017 $3,705 $148,110 $0 $0
2016 $3,390 $143,800 $0 $0
2015 $3,302 $139,620 $0 $0
2014 $3,252 $135,560 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2025 05/06/25 For Sale $499,900 0.0% $211 / Sq Ft
05/06/2025 05/06/25 For Sale $499,900 +284.8% $211 / Sq Ft
05/06/2025 05/06/25 For Sale $129,900 -- --
Source: Regional Multiple Listing Service (RMLS)

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 562462483

Regional Multiple Listing Service (RMLS)

APN: R144593