$1050000
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5 Bed
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4 Bath
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3452 SqFt
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48 DOM
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Built: 1936
- Status: Active
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Mohanraj Rajendran
Real Estate Agent
(503) 336-1515TWO separate homes! Air B&B? No HOA's! Welcome to this rare gem! Nestled on a double lot (80x100’) in the heart of SE Portland’s vibrant Richmond neighborhood, this meticulously updated 1936 Cape Cod home, paired with a modern 2019-built 800 sq ft ADU, offers timeless charm and exceptional income potential. Perfect for owner-occupants, investors, or multigenerational living, this property blends classic architecture with contemporary comforts, all just steps from Division St’s trendy shops, eateries, and parks. Main Residence (3 Bed, 2 Bath,~2,160 sq ft):Step into a light-filled sanctuary featuring a remodeled kitchen with sleek stainless steel appliances, quartzite countertops, and custom cabinetry—ideal for culinary enthusiasts. The main-level master suite offers convenience and privacy, complemented by two additional bedrooms and an updated bath upstairs. Hardwood floors, fresh paint, and abundant natural light create a warm, inviting ambiance. The partially finished basement provides versatile space—think family room, home office, craft area, or extra storage—with a huge walk-in pantry and workshop. A newer roof, high-efficiency furnace, and central air conditioning ensure low-maintenance, year-round comfort. Accessory Dwelling Unit(2 Bed, 2 Bath, 800 sq ft):This feels-like brand-new 2019 ADU is a standout feature home, offering flexible income potential with long-term rent at ~$2,500/month or ~$45,000–$50,000/year as a permitted Airbnb. With two bedrooms, 1&1/2 baths, and a full kitchen, it’s perfect for guests, extended family, or high-demand short-term rentals in this sought-after locale. Outdoor Haven: The expansive, fully fenced double lot is a gardener’s dream, boasting mature fruit trees (cherries, apples, pears, and blueberries) and raised garden beds for farm-to-table living. A long driveway provides ample off-street parking, while the detached garage offers storage or creative space. Enjoy summer BBQs or quiet evenings in this private, lush oasis.
Listing Provided Courtesy of Karolyn Wold, MORE Realty
General Information
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187095383
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48 DOM
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5
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8712 SqFt
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4
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3452
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1936
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R5
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Multnomah
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R299187
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Creston
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Kellogg
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Franklin
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MultiFamily
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WAVERLEIGH HTS, BLOCK 43, LOT 19&20
Listing Provided Courtesy of Karolyn Wold, MORE Realty
Mohan Realty Group data last checked: Sep 25, 2025 12:24 | Listing last modified Sep 25, 2025 09:54,
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