$850000
Price cut: $25K (09-10-2025)
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6 Bed
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2 Bath
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3146 SqFt
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79 DOM
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Built: 1909
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Status: Active
Love this home?
$25,000 PRICE REDUCTION! Zoning allows for up to *9 units*! There are TWO POTENTIAL ASSETS HERE: The duplex alone is valued at $650K-$700K. With current rents, the CAP RATE is over 6%! Split the lot & sell (valued at $250K-$350K, depending on size and configuration) for instant equity conversion, or develop separately. This is a true TURN-KEY investment in the hot N Mississippi Neighborhood. Owner-Occupant Buyers can enjoy the huge, private lot now & unlock the development opportunities later. Updated systems throughout are an owner/tenant win-win: Updated kitchens & baths, double-pane windows & efficient mini-split HVAC for heating and cooling = happy tenants year-round. Excellent rental history, and low-turnover for the last 20+ years. Each unit has 3 bedrooms + 1 bath. Exterior entry into the basement (w/ 7-ft ceilings) could be explored as TRIPLEX potential. 2 blocks west of a thriving, diverse commercial district, containing event spaces, shopping, dining and services. 2 blocks south of a Pedestrian Bridge that crosses into Overlook - MAX line, more parks, dining, etc. Easy access in all directions to parks, libraries, transit & freeways. 9 min drive to Downtown PDX. Currently a 9,000 SF corner lot with alley access = INCREDIBLE DEVELOPMENT POTENTIAL up to 9 UNITS! Check out Lot/Land listing #317438603. Builder's Packet available upon request. Buyer to do their due diligence. Tenant Occupied -- PLEASE DO NOT DISTURB.
Listing Provided Courtesy of E. Wren Shiffler, Realty Works Group
General Information
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190351402
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79 DOM
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6
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2
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3146
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1909
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RM1
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Multnomah
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R223729
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Boise-Eliot
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Harriet Tubman
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Jefferson
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MultiFamily
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MULTNOMAH, BLOCK 28, S 40' OF LOT 11, LOT 13
Listing Provided Courtesy of E. Wren Shiffler, Realty Works Group
PDXA1 Realty Group data last checked: Sep 22, 2025 12:35 | Listing last modified Sep 10, 2025 17:43,
Source:
Residence Information
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3146
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6
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-
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2
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Composition
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OnStreet
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3
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1909
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No
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AddedWallInsulation,DoublePaneWindows,ENERGYSTARQualifiedAppliances,InsulationandCeilingInsulation,M
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LapSiding
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FullBasement
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FullBasement
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ConcretePerimeter
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Features and Utilities
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MiniSplit
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Tank
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Ductless, MiniSplit, WallHeater
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PublicSewer
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Tank
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Electricity
Financial
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3016.39
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0
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Sewer,Water
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Cash,Conventional
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06-24-2025
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No
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No
Comparable Information
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79
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90
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Cash,Conventional
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$895,000
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$850,000
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Sep 10, 2025 17:43
Schools
Map
Listing courtesy of Realty Works Group.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Sep 22, 2025 12:35 | Listing last modified Sep 10, 2025 17:43.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.
— Jagathishp
Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
— Vignesh Chan
Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
— Praveen
Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
— Alishetty
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
— Ramren Garajan
Thinking about buying or selling. Let’s Talk.
Whether you’re looking to buy your dream home, sell your property for the best price, or explore investment opportunities, PDXA1 Realty Group is here to help. With expertise, personalized service, and a commitment to your goals, we’ll guide you every step of the way. Contact us today at (971) 330-1856 let’s start the conversation!
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