- ADDRESS:
- 3504 SE SHERMAN ST Portland, OR 97214
- Price:
- $690,000
- Units:
- 2
- Acres:
- 0.11
- Unit 1:
-
1 Bed
1.0 Bath
$1,645/mo
Features: Range, Refrigerator, Wood Floors - Unit 2:
-
1 Bed
1.0 Bath
$1,600/mo
Features: Deck, Range, Refrigerator, Wood Floors - MLS#:
- 119505119
- Lot Size:
- 3,000 to 4,999 SqFt
- Type:
- Multi
- Zone:
- R5
- Yr Built:
- 1912
- Taxe/yr:
- $6,768.02
- County:
- Multnomah
- Status:
- Active
- Levels:
- 3
- Heat:
- Forced Air, Wall Furnace
- Nhood/Bldg:
- RICHMOND / DIVISION
- Elem:
- Abernethy
- Middle:
- Hosford
- High:
- Cleveland
- Lot Desc:
- Cul-de-sac, Level
- Area:
- Portland Southeast
- Courtesy of:
- Keller Williams Realty Professionals
- Remarks:
- 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!