118 NE RUSSET ST

Portland, 97211

  • 2 Bed

  • 1 Bath

  • 936 SqFt

  • 44 DOM

  • Built: 1927

  • Status: Active

$398,000

Price cut: $22K (07-16-2025)

X

118 NE RUSSET ST

Portland 97211

$398000

Price cut: $22K (07-16-2025)

  • 2 Bed

  • 1 Bath

  • 936 SqFt

  • 44 DOM

  • Built: 1927

  • Status: Active

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Request Tour, Ask a Question or Start an Offer

Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

Don’t miss this rare investment opportunity at 118 NE Russet Street—an original 1927 home located in Portland’s desirable Piedmont neighborhood. This 2-bedroom, 1-bath property is loaded with character, featuring vintage charm throughout. While it needs updating, the solid construction and functional layout make it the perfect project for flippers, developers, or buyers looking to build serious equity. The full, unfinished basement offers exceptional expansion potential—ample space to add at least two additional bedrooms, a bathroom, and bonus living areas. The home also includes a fully fenced yard, a detached 312 sq ft garage, and a long driveway for convenient off-street parking. A separate tax lot (R209204) is included in the sale, adding further value and possibilities. Situated near parks, restaurants, shops, and major transit routes, this property combines location, flexibility, and upside. Whether you’re renovating for resale, income property, or personal use, this is a can’t-miss opportunity to reimagine a classic Portland home and maximize your return.

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Residence Information

  • 0

  • 936

  • 0

  • 936

  • Tax

  • 936

  • 1/Gas

  • 2

  • 1

  • 0

  • 1

  • Composition

  • 1, Detached

  • Craftsman,Traditional

  • Driveway,OffStreet

  • 2

  • 1927

  • No

  • VinylSiding

  • Unfinished

  • RVParking

  • Unfinished

  • WoodFrames

Features and Utilities

  • CeilingFan, Fireplace, LivingRoomDiningRoomCombo

  • FreeStandingRange, FreeStandingRefrigerator, RangeHood

  • CeilingFan, LaminateFlooring, WalltoWallCarpet, WasherDryer

  • Fenced, Gazebo, Outbuilding, Patio, Yard

  • BathroomCabinets, NaturalLighting

  • CentralAir

  • Gas

  • ForcedAir

  • PublicSewer

  • Gas

  • Electricity, Gas

Financial

  • 3658.51

  • 0

  • Cash,Conventional

  • 06-02-2025

  • No

  • No

Comparable Information

  • 44

  • 57

  • Cash,Conventional

  • $420,000

  • $398,000

  • Jul 16, 2025 11:34

Schools

Elementary : Woodlawn N/A Ratings
Middle : Ockley Green N/A Ratings
High : Roosevelt N/A Ratings

Map

Listing courtesy of Cascade Hasson Sotheby's International Realty.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Mohan Realty Group data last checked: Jul 29, 2025 18:01 | Listing last modified Jul 16, 2025 11:34. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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