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Carrie Warlaumont

carriewarlaumont@epique.me +1(503) 803-3812

Listed by Cascade Hasson Sotheby's International Realty

$ 1,550,000

Est. payment | -/mo

7 Beds

4.1 Baths

0.3 Acres Lot

Save

$ 1,550,000

Est. payment | -/mo

Save

7 Beds

4.1 Baths

0.3 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 592486582

Bedrooms 7

Year Built 1911

Annual Tax Amount $13,714

Tax Year 2025

Lot Size 0.300 Acres

Property Description

Rare opportunity to own an income-generating property with two detached homes on a spacious 13,000 sq ft RM2-zoned lot in desirable SE Portland. The 1,944 sq ft duplex offers two separate 2-bedroom, 1-bath units, plus a 964 sq ft unfinished basement. The second home provides approximately 1,682 sq ft with 3 bedrooms, 2.5 baths, and an additional 864 sq ft basement. Both homes feature fully fenced yards and share a detached three-car garage, with one space for the duplex and two for the second home. RM2 zoning provides future development flexibility, including potential for a larger, multi-story multi-dwelling project, subject to zoning requirements and buyer verification. An excellent opportunity for investors, owner-occupants, or multi-generational living, with multiple avenues for rental income and long-term growth. Conveniently located just six blocks from New Seasons Market and Clinton Community Garden, with nearby restaurants, coffee shops, parks, and neighborhood amenities. A rare SE Portland property offering immediate income potential, flexibility, and future development possibilities.

Location

State OR

County Multnomah

Area _143

Zoning RM2

Rooms

Basement Full Basement, Partially Finished

Interior

Heating Forced Air

Exterior

Garage Spaces 3.0

Roof Type Composition

Garage No

Building

Lot Description Level

Story 3

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 3

Schools

Elementary Schools Abernethy

Middle Schools Hosford

High Schools Cleveland

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) 803-3812

carriewarlaumont@epique.me

1026 SW Greenburg Rd Fl 4, Portland, OR 97223

3124 SE 20TH AVE Portland, OR 97202