$550000
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4 Bed
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2 Bath
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1588 SqFt
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3 DOM
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Built: 1967
- Status: Active
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Mohanraj Rajendran
Real Estate Agent
(503) 336-1515Discover a fantastic investment or owner-occupant opportunity in this 1967 side-by-side duplex perfectly situated in SE Portland’s highly desirable Richmond neighborhood. Perched on a quiet hill, the property offers a sense of privacy, along with dedicated driveways for both units—an uncommon and valuable feature in the area. Each unit features two bedrooms and one bathroom, providing comfortable and functional living spaces that cater to both tenants and homeowners alike. Designed with privacy and practicality in mind, the duplex layout is ideal for maximizing rental income. Live in one unit and rent out the other to help offset your mortgage, or lease both units at market rate for immediate cash flow. With a solid cap rate of 5.86%, this property offers strong investment performance alongside long-term flexibility and value. Enjoy unbeatable access to vibrant Division Street, with its eclectic mix of shops, cafes, parks, and public transit options just moments away. Whether you're an investor or looking for a place to call home, this income-producing property is a smart move in one of Portland’s most sought-after neighborhoods.
Listing Provided Courtesy of Jennifer O'Brien, Living Room Realty
General Information
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793658328
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3 DOM
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4
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5227.2 SqFt
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2
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1588
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1967
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R2.5
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Multnomah
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R215821
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Creston
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Kellogg
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Franklin
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MultiFamily
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MCMAHONS ADD, BLOCK 5, E 37.14' OF LOT 2, W 12.86' OF LOT 3
Listing Provided Courtesy of Jennifer O'Brien, Living Room Realty
Mohan Realty Group data last checked: Jun 02, 2025 12:31 | Listing last modified May 30, 2025 09:51,
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