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Nathan Stancil

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

Listed by ELEETE Real Estate

$ 940,000

Est. payment | -/mo

4,500 SqFt

Save

$ 940,000

Est. payment | -/mo

Save

4,500 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,500 sqft

Price per Sqft $208

Subdivision Richmond

MLS Listing ID 473503293

HOA Y/N No

Year Built 1977

Annual Tax Amount $29,891

Tax Year 2025

Lot Size 0.440 Acres

Property Description

harming SE Portland duplex-style fourplex on an oversized 0.44-acre lot, just off Division in the heart of one of the city's most desirable close-in neighborhoods. Two side-by-side garden-style duplex buildings each offer spacious 2-bed/1-bath townhome-feel units (approx. 1,125 sq. ft.) with in-unit laundry, dishwasher, and full appliance package, plus a rare mix of 6 attached garages and 6 off-street parking spaces – a huge draw for both tenants and future owner-occupants.Property is fully leased with long-term residents and a clean rent roll, producing steady income from both apartments and garage rentals, with 2026 year-to-date financials showing consistent cash flow and professionally managed operations. RM2 zoning and the large 18,971 sq. ft. site provide long-term flexibility for hold-as-is investors, small-scale value-add strategies, or future redevelopment.For investors, this is a turnkey asset in the Southeast Portland submarket, supported by strong employment, above-average household incomes, and robust multifamily fundamentals. For owner-occupants, it's a rare opportunity to live in one updated 2-bed unit with private garage and outdoor space while the other three homes help offset your mortgage – all within easy reach of Division/Hawthorne shops, Safeway, Eastport Plaza, Providence Portland Medical Center, and TriMet bus service just steps away.

Location

State OR

County Multnomah

Area _143

Zoning RM2

Rooms

Basement Crawl Space

Interior

Heating Baseboard

Cooling None

Exterior

View Territorial

Roof Type Shingle

Garage No

Building

Lot Description Level

Story 2

Foundation Slab

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Glencoe

Middle Schools Mt Tabor

High Schools Franklin

Others

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

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

2350 SE 42nd ST Portland, OR 97215