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Nathan Stancil

nathan@exploreoregonhomes.com +1(503) 621-4693

Listed by Redfin

$ 815,000

Est. payment | -/mo

5,227 Sqft Lot

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$ 815,000

Est. payment | -/mo

Save Virtual Tour

5,227 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Irvington

MLS Listing ID 302551882

Year Built 1913

Annual Tax Amount $8,018

Lot Size 5,227 Sqft

Property Description

Classic Old Portland charm meets smart investment opportunity with 4-year-old roof! This beautifully preserved Old-Portland style home has been converted to a legal duplex, offering flexibility for owner-occupants or investors alike. Each unit features separate gas heat and power for convenience and efficiency. The main level showcases timeless character with hardwood floors, built-ins, and a cozy fireplace anchoring the living space. Period details blend seamlessly with functional updates, creating a warm, inviting atmosphere. Situated on a desirable corner lot, the property is framed by mature landscaping enhancing privacy and curb appeal. Located in a vibrant inner NE Portland neighborhood with proximity to Irving Park, Alberta Park, and easy access to walking and biking routes. This property presents a strong opportunity for “house hacking,” where an owner occupies one unit while renting the other to offset housing costs and build equity. Financing options may include FHA, VA, or Freddie Mac Home Possible loans with low down payment options (as low as 0–3.5%), subject to buyer qualification; primary residence occupancy typically required. Buyer to verify eligibility and terms. Potential benefits may include reduced living expenses through rental income, equity building, and possible tax advantages (consult a qualified professional). Buyers should verify Portland zoning and rental regulations. Currently configured as a legal duplex (converted in the 1940s during WWII-era housing expansion), the home may also function as a single-family residence. Potential reconfiguration could include removal of a non-structural wall at the top of the interior stairwell, subject to buyer verification and approvals.

Location

State OR

County Multnomah

Area _142

Zoning R5

Rooms

Basement Full Basement, Partially Finished

Interior

Heating Forced Air, Mini Split

Cooling Central Air, Mini Split

Exterior

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Level

Story 3

Sewer Public Sewer

Water Public Water

Level or Stories 3

Schools

Elementary Schools Irvington

Middle Schools Harriet Tubman

High Schools Jefferson

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

Virtual Tour https://www.zillow.com/view-imx/b90d1571-2b05-41f0-8435-f67549729192?wl=true&setAttribution=mls&initialViewType=pano

Regional Multiple Listing Service (RMLS)

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 621-4693

nathan@exploreoregonhomes.com

2456 NE 7TH AVE Portland, OR 97212