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Eric Dunphy

[email protected] +1(541) 207-4243

Listed by Keller Williams Realty Portland Premiere • 503-709-4632

$1,439,900

Est. payment - /mo

4,092 SqFt

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Open House

Sat Jan 10, 1:00pm - 3:00pm

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,092 sqft

Price per Sqft $351

Subdivision Sabin

MLS Listing ID 760473543

Year Built 1928

Lot Size 4,791 Sqft

Property Description

Investor opportunity in NE Portland featuring three thoughtfully designed residential units on one site, offering a strong blend of stabilized income and long-term upside. The property includes one remodeled home plus two attached, newly built residences, creating a diversified unit mix that appeals to a wide tenant base. The primary residence is a 1928 Tudor-style home that has been extensively updated throughout, offering approximately 1,528 square feet with three bedrooms and three full bathrooms, along with a full unfinished basement of approximately 964 square feet providing excellent storage or future utility potential. Updated systems, modern finishes, and a usable yard space enhance tenant appeal and durability for long-term ownership. Complementing the original home are two newly constructed residences, each offering approximately 800 square feet across two levels with two bedrooms and one and one-half bathrooms. These units feature efficient layouts, high ceilings, private outdoor spaces, and mini-split systems for energy-efficient heating and cooling. New construction systems help reduce near-term maintenance costs and support consistent rental performance. All three units benefit from dedicated trash and recycling areas and functional outdoor spaces, contributing to ease of management. The property is well positioned near neighborhood amenities, parks, dining, and transit options, supporting strong rental demand in this established NE Portland location. Units may be conveyed together under single ownership, offering flexibility for investors seeking a small-scale portfolio, house-hack scenario, or long-term hold. Buyer to verify rent projections, development history, and future use options. A rare opportunity to acquire a turn-key, three-unit residential asset combining historic character, new construction efficiency, and durable income potential.

Location

State OR

County Multnomah

Area _142

Zoning R5

Rooms

Basement Crawl Space, Full Basement, Unfinished

Interior

Heating Forced Air, Mini Split

Cooling Central Air, Mini Split

Exterior

View Trees Woods

Roof Type Composition

Garage No

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Sabin

Middle Schools Harriet Tubman

High Schools Jefferson

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

Virtual Tour https://www.youtube.com/watch?v=HlprfWvu8IU

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Eric Dunphy

+1(541) 207-4243

Agent | License ID: 201220494

Agent License ID: 201220494

4208 NE 20TH AVE Portland, OR 97211

Eric Dunphy

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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