UPCOMING EVENT:  1031 Exchange Class on Apr 1, 2026

5623 SW BOUNDARY ST Portland, OR 97221
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Price:
$659,000
Beds:
2
Baths:
2.1
Ft²:
1836
Acres:
0.48
MLS#:
306447805
Lot Size:
20,000 SqFt to .99 Acres
Type:
Detachd
County:
Multnomah
Style:
2 Stories
Yr Built:
1951
Status:
Active
Levels:
2
Garage:
Attached
Nhood/Bldg:
Hayhurst
Heat:
Baseboard, Forced Air
Fireplace:
Gas, Wood Burning
Roof:
Metal
View:
Territorial
Elem:
Hayhurst
Middle:
Robert Gray
High:
Ida B Wells
Lot Desc:
Terraced
Area:
Portland NW/ SW/ S, Raleigh Hills
Exterior:
Covered Patio, Deck, Gas Hookup, Yard
Courtesy of:
Epique Realty
Remarks:
Unique SW Portland property offering flexibility, space, and opportunity on a rare .48-acre lot. Originally built as a single-family residence, the home is currently configured to accommodate two living areas, creating a variety of possibilities for owner-occupants and investors alike.The layout works well for those seeking multi-generational living, extended guest space, or exploring potential rental use. The additional living area may also appeal to buyers interested in short-term rental opportunities, subject to local regulations and buyer due diligence. For those wanting a more traditional layout, the home could also be reimagined and converted back to a single-family residence.Property is not a fully independent duplex setup, and utilities are shared. Buyer to verify all uses, zoning, and income potential.The expansive lot is a standout feature, offering outdoor space rarely found this close to the city. The large yard provides room for gardening, recreation, pets, and outdoor entertaining. A newly rebuilt deck creates a welcoming outdoor living area to relax and enjoy the surrounding space.Additional features include a new furnace, oversized garage with space for parking, storage, or workshop use, two separate driveways providing convenient access and off-street parking, and a storage shed for tools and equipment.The size of the lot may also offer future possibilities depending on zoning allowances. Buyers are encouraged to perform their own due diligence with the appropriate authorities regarding development potential and permitted uses.Conveniently located in SW Portland with easy access to parks, shopping, dining, and commuter routes, this property offers a rare combination of versatility, outdoor space, and long-term potential.
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