$599,000

Estimated payment $3,661/month

Total Views 15
5 Beds
3 Baths
3,499 Sq Ft
$171 Price per Sq Ft

Highlights

  • City View
  • Property is near a bus stop
  • No Heating
  • Landscaped with Trees
  • Gentle Sloping Lot

About This Home

Outstanding investment and redevelopment opportunity on Denver Ave in North Portland. Seller has obtained fully approved City of Portland plans to convert the existing duplex into a legal four-plex — eliminating months of permitting delays and positioning this project for rapid completion and resale or long-term cash flow.High-value improvements already completed: Oil tank decommissioned, Sewer line repair complete, New exterior paint, Extensive rough-in plumbing started, Full interior demo and debris removal done, several new windows installed. This property is ready for a savvy investor or contractor to take over to complete the rough-in stage and move directly into drywall and finish work. Ideal for those seeking a shovel-ready project with strong upside potential in a desirable, appreciating area. Approved four-plex plans included with sale. Future buyers may be able to save thousands with City of Portland's SDC waiver program on this project.

Listing Agent

Jordan Tietz

Kelly Right Real Estate of Portland, LLC License #201222867 Listed on: 12/18/2025

Kelly Right Real Estate of Portland, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,125

Year Built

  • Built in 1959

Lot Details

  • 5,227 Sq Ft Lot
  • Gentle Sloping Lot
  • Landscaped with Trees

Home Design

  • Fixer Upper
  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,499 Sq Ft Home
  • 2-Story Property
  • City Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • 2 Parking Spaces
  • Driveway
  • Off-Street Parking

Location

  • Property is near a bus stop

Schools

  • Peninsula Elementary School
  • Ockley Green Middle School
  • Jefferson High School

Utilities

  • No Cooling
  • No Heating
  • Electric Water Heater

Community Details

  • 4 Units
  • Arbor Lodge Subdivision

Listing and Financial Details

  • Assessor Parcel Number R196548

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,125

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1959
  • Property Condition: Fixer
  • Property Attached Yn: No
  • Current Price For Status: 599000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement, PartiallyFinished
  • Storage: Basement
  • Total Bedrooms: 5
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Brick
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: GentleSloping, OnBusline, Trees
  • Road Surface Type: Concrete, Paved
  • Disclosures: Disclosure
  • Roof: Composition
  • View: City

Garage/Parking

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

Utilities

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

Schools

  • Elementary School: Peninsula
  • High School: Jefferson
  • Middle Or Junior School: Ockley Green

Lot Info

  • Zoning: RM1
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R196548

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2025
  • Tax Annual Amount: 6124.57

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 4

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
2025 $6,125 $227,300 -- --
2024 $5,904 $220,680 -- --
2023 $5,904 $214,260 $0 $0
2022 $5,555 $208,020 $0 $0
2021 $5,461 $201,970 $0 $0
2020 $5,010 $196,090 $0 $0
2019 $4,825 $190,380 $0 $0
2018 $4,684 $184,840 $0 $0
2017 $4,489 $179,460 $0 $0
2016 $4,108 $174,240 $0 $0
2015 $4,000 $169,170 $0 $0
2014 $3,940 $164,250 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2025 12/18/25 For Sale $599,000 -- $171 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Deed $627,137 None Listed On Document
Interfamily Deed Transfer -- None Available
Warranty Deed $171,900 Pacific Nw Title
Warranty Deed $168,000 Ticor Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $134,400 Purchase Money Mortgage
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 495769618

Regional Multiple Listing Service (RMLS)

APN: R196548