$475,000

Estimated payment $2,982/month

Total Views 5,693
4 Beds
2 Baths
1,832 Sq Ft
$259 Price per Sq Ft

Highlights

  • Central Air
  • Baseboard Heating
  • Level Lot
  • Arleta Elementary School Rated 9+
  • High Speed Internet
  • Wood Siding

About This Home

Incredible Value!! Duplex in One of Portland’s Fastest-Growing NeighborhoodsInvestor and house-hacker alert! This well-maintained Portland duplex for sale offers unbeatable value, strong rental potential, and a location that continues to grow in demand. Situated along the public transit line and surrounded by some of the city’s best restaurants, shops, venues, and grocery options, this property delivers the perfect blend of convenience and long-term opportunity.One side is already rented to reliable tenants, providing immediate passive income, while the other unit is vacant and ready for a new renter or an owner-occupant looking to live smart and offset their mortgage. Each unit features bright living spaces, smart layouts, and dedicated parking—a rare find at this price point.With higher rent potential driven by the neighborhood’s rapid development and urban accessibility, this property is positioned for steady appreciation and strong cash flow. Whether you’re a seasoned investor expanding your portfolio or a first-time buyer looking for financial flexibility, this duplex is the kind of turnkey, low-maintenance investment that continues to pay dividends over time.Don’t miss your chance to own a clean, income-producing property in a prime Portland location. Schedule your showing today—opportunities like this don’t stay on the market for long!

Listing Agent

Andrew Ramey

Works Real Estate License #201228242 Listed on: 09/19/2025

Works Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,747

Year Built

  • Built in 1981

Lot Details

  • 3,049 Sq Ft Lot
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,832 Sq Ft Home
  • Crawl Space
  • Storage In Attic

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway
  • Off-Street Parking

Schools

  • Arleta Elementary School
  • Kellogg Middle School
  • Franklin High School

Utilities

  • Central Air
  • Baseboard Heating
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R108464

Community Details

Overview

  • 2 Units
  • Foster Powell Subdivision

Building Details

  • Operating Expense $10,000
  • Gross Income $37,800
  • Net Operating Income $27,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,747

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Year Built: 1981
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attic
  • Total Bedrooms: 4
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: T111Siding,WoodSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level, PublicRoad
  • Road Surface Type: Concrete, Paved
  • Roof: Composition

Garage/Parking

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

Utilities

  • Fuel Description: Electricity
  • Internet Service Type: Cable
  • Cooling: AirConditioningReady
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: CS
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 3049.0
  • Parcel #: R108464

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5747.33

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.57
  • Annual Gross Income: 37800.0
  • Property Net Operating Income: 27800.0
  • Annual Operating Expense: 10000.0

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

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2025 09/19/25 For Sale $475,000 -- $259 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 416389124

Regional Multiple Listing Service (RMLS)