3504 SE SHERMAN ST

Portland, 97214

  • 2 Bed

  • 2 Bath

  • 1278 SqFt

  • 37 DOM

  • Built: 1912

  • Status: Active

$690,000

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3504 SE SHERMAN ST

Portland 97214

$690000

  • 2 Bed

  • 2 Bath

  • 1278 SqFt

  • 37 DOM

  • Built: 1912

  • Status: Active

Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

Charming 1912 duplex in the heart of Richmond, ideally situated on a quiet cul-de-sac between Hawthorne & Division! Each legally divided 1 bed/1 bath unit features hardwood floors, tiled bathrooms, and private covered outdoor spaces (porch & balcony). Shared 728 sq ft unfinished basement includes on-site laundry and dedicated storage for each unit. Upgrades include a new sewer line, reinforced detached garage with new door, updated plumbing/electrical and exterior paint (by previous owner) Large backyard offers potential for gardening or ADU/expansion (buyer to verify). Excellent previous rental history with strong financials when rented: Gross Income $38,940 | Net Income $27,170 | Cap Rate 4.31%. Ideal for investors, house-hackers, or multi-gen living. Could be converted back to single-family. A rare investment opportunity in one of SE Portland’s most desirable neighborhoods!

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