Estimated payment $3,175/month
Veterans - Transferrable VA Appraisal in May of 2025 at $525,000! 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
Next Generation Real Estate LLC License #201217085 Listed on: 05/06/2025
Home Type
Est. Annual Taxes
Year Built
Lot Details
Parking
Home Design
Interior Spaces
Bedrooms and Bathrooms
Unfinished Basement
Schools
Utilities
Listing and Financial Details
Overview
Building Details
| 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 | $4,873 | $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 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/07/2025 06/07/25 | Pending | -- | -- | -- |
| 05/30/2025 05/30/25 | Sold | $110,000 | -78.0% | $66 / Sq Ft |
| 05/21/2025 05/21/25 | For Sale | $499,900 | 0.0% | $211 / Sq Ft |
| 05/09/2025 05/09/25 | Pending | -- | -- | -- |
| 05/09/2025 05/09/25 | Pending | -- | -- | -- |
| 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 | -- | $78 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $360,000 | Fidelity National Title | |
| Bargain Sale Deed | -- | Fidelity National Title |
$595,000
*** ASTONISHING CASH FLOW *** OVER 9% CAP RATE *** This amazing cash flow is a rare find. HURRY NOW BEFORE THIS GREAT DEAL IS GONE!!! Very convenient location for easy commute. This property has 2 duplex buildings on one tax lot. There are two 2 bed 1 bath units and two 1 bed 1 bath units plus a laundry room. This property provides a great opportunity for an owner occupant - loans available
Jason Kennedy RE/MAX Equity Group
$429,000
Back on the market through no fault of the seller so now is your chance! Two buildings, one two bed home and a duplex with two one bedroom units in it. The house rent is WAY under market due to the seller keeping rent low for the tenant who is a friend. Decently maintained "bread and butter" units that stay rented. Make offers subject to interior inspection. Please do not disturb the tenants.
Chris Gordon Gordon Properties
$518,000
Quiet street in the Woodstock neighborhood! 1967 original house with 2021 addition makes this property uniquely versatile! Original single floor home has 3 bedrooms, 1 bathroom, oversized living room, laundry and a single car garage, facing 57th Ave. The 2021 Addition, attached to the back of the house, is accessible from either inside the house or via its own separate side entrance or the
Terry Long Oregon First
$415,000
Great opportunity for first-time buyers—live in one unit and rent out the other to help offset your mortgage! This adorable duplex in the heart of SE Portland offers the perfect blend of classic character and modern updates. Each unit features 1 bedroom and 1 bathroom, with unique, thoughtful designs that make both sides feel special and inviting. The property could easily be converted back to a
Megan Hannah Opt
$490,000
Duplex in the Woodstock neighborhood. Schedule your appointment to view today! Get ready to begin or continue your investment journey with a fantastic property. This one-level duplex includes a covered parking space, two bedrooms, one full bathroom, an additional half bath in the primary bedroom, and a spacious laundry room in each unit (the photos depict the updated unit). Each unit offers 864
Angie Bissett Cascade Hasson Sotheby's International Realty
$494,999
Fantastic investment opportunity! This well-maintained duplex features two spacious 2-bedroom, 1-bath units—one currently tenant-occupied and the other vacant, perfect for owner-occupancy or immediate rental income. Ideal for investors or homeowners looking to generate passive income. Don’t miss out on this versatile and income-producing property!
Betsy Rovira Keller Williams Premier Partners
$545,000
Incredible opportunity to owner-occupy a duplex in beautiful Sellwood! This well-maintained duplex at 2422 SE Nehalem St offers two spacious units, each featuring 2 bedrooms and 1 bathroom within 850 square feet of living space. Each unit has an outdoor patio for entertaining or extra storage! The 5,000 sqft corner lot gives you lots of room for parking and a shared driveway in case you need
Ruben Isai MORE Realty
$510,000
Prime Investment Opportunity: One-Level Duplex Near Key Amenities. This well-maintained, one-level duplex offers great potential for investors or owner-occupiers looking for a comfortable living space in a prime location. Each unit features: New LVP Flooring for durability and modern style. Kitchen includes refrigerator, built-in dishwasher, and range. Washer & Dryer Hookups for convenience.
Van Do Premiere Property Group, LLC
$550,000
Charming Duplex – 2 Bed/1 Bath Units with Open Layout & Outdoor Living! Don't miss this well-maintained multifamily duplex, each unit featuring 2 spacious bedrooms and 1 full bathroom. The open-concept floor plan seamlessly connects the kitchen, dining area, and large living room all areas offering laminate flooring— perfect for modern living and entertaining, era correct built in's. Washer/dryer
Denise Crane RE/MAX Advantage Group
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 562462483
APN: R144593
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