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Nathan Stancil

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

Listed by Where, Inc

$ 1,125,000

Est. payment | -/mo

7,822 SqFt

Save

$ 1,125,000

Est. payment | -/mo

Save

7,822 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,822 sqft

Price per Sqft $143

Subdivision Irvington

MLS Listing ID 601661489

HOA Y/N No

Year Built 1955

Annual Tax Amount $11,395

Tax Year 2025

Lot Size 6,969 Sqft

Property Description

Vintage Mid-Century 4-Plex. Just two blocks from the vibrant NE Broadway corridor, this well-preserved 1955 Mid-Century Ranch offers a rare opportunity to own an authentic piece of Irvington while enjoying immediate income with exceptional long-term potential. Original hardwood floors, vintage birch cabinetry & hardware, period tile, wood-burning fireplaces, generous storage, and classic red brick architecture celebrate an era of craftsmanship and thoughtful efficiency that continues to resonate with today's renters seeking warmth, character, and authenticity. With approximately 3,911 square feet above and below grade, the property includes three spacious two-bedroom residences and one one-bedroom unit. Each offers comfortable single-level living above a private full basement with laundry, utility sink, high ceilings, and abundant storage. Each basement can be accessed directly from the unit's back door and locked off from the main level, creating intriguing possibilities for future expansion and additional income potential (buyer to perform due diligence). Three homes include dedicated garage spaces, while the attached three-car garage offers additional possibilities for those with a visionthe property offers approximately 3,846 square feet of living area above grade, plus an additional 3,846 square feet of basement space. Current rents are well below market for their size, presenting an opportunity to thoughtfully restore and reposition an authentic mid-century asset through updates that celebrate its architectural character while enhancing its appeal to future tenants. The property's outdoor spaces offer opportunities for reinvention as well. Minutes from downtown Portland, the Moda Center, transit, and some of the city's most beloved neighborhoods, this is a rare opportunity for an owner-occupied complex or long-term investment in one of Portland's most desirable urban neighborhoods, with the potential to thoughtfully enhance both livability and long-term value.

Location

State OR

County Multnomah

Area _142

Zoning RM2

Rooms

Basement Exterior Entry, Full Basement, Storage Space

Interior

Heating Forced Air

Exterior

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Level, On Busline

Story 2

Foundation Concrete Perimeter, Slab

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Irvington

Middle Schools Harriet Tubman

High Schools Jefferson

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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

1511 NE Hancock ST Portland, OR 97212