- ADDRESS:
- 4434 SE 26TH AVE Portland, OR 97202
- Price:
- $490,000
- Units:
- 2
- Unit 1:
-
2 Bed
1.0 Bath
Features: Fireplace, Refrigerator, Washer/Dryer, Wood Floors - Unit 2:
-
1.0 Bath
Features: Dishwasher, Refrigerator, Washer/Dryer - MLS#:
- 773359805
- Lot Size:
- 5,000 to 6,999 SqFt
- Type:
- Multi
- Zone:
- CE
- Yr Built:
- 1929
- Taxe/yr:
- $5,300.06
- County:
- Multnomah
- Status:
- Active
- Levels:
- 2
- Heat:
- Mini Split, WallHeater
- Nhood/Bldg:
- CRESTON / KENILWORTH
- Elem:
- Grout
- Middle:
- Hosford
- High:
- Cleveland
- Lot Desc:
- Level
- Area:
- Portland Southeast
- Courtesy of:
- Living Room Realty
- Remarks:
- Located in Portland’s Creston-Kenilworth neighborhood, this versatile property offers convenient access to neighborhood parks, local cafés, popular dining, transit, and the everyday amenities that make close-in SE living so desirable. Blending privacy with convenience, the home is just moments from neighborhood amenities while offering a flexible, income-producing layout. A rare opportunity to own a property with valuable commercial zoning and a permitted ADU, this offering provides flexibility for both homeowners and investors alike.The main home is a bright and inviting 2BR, 1BA bungalow featuring freshly updated hardwood floors, a sun-filled living room, cozy wood-burning fireplace, and mini split cooling for year-round comfort. The permitted lower-level ADU studio offers a well-appointed full bath and a functional, self-contained living space ideal for supplemental rental income, guest accommodations, or flexible live/work use.Both units include private washer and dryer access, while the fully fenced yard provides functional outdoor space for relaxing or entertaining. A long driveway and detached two-car garage offer ample off-street parking and storage.Well-suited for buyers looking to live in the main home while renting the ADU to offset ownership costs, create a multigenerational living arrangement, or add a strong-performing asset to an investment portfolio. Previously occupied by long-term tenants and offering an estimated 5.5% cap rate, this property presents compelling income potential (Financials based exclusively on the Property Management Firm records, Buyer to verify).A rare SE Portland opportunity combining classic bungalow character, flexibility, and a highly accessible close-in location. New roof in 2023 and a 10/10 Home Energy Score! [Home Energy Score = 10. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10011023]