$775000
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3 Bed
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2 Bath
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2253 SqFt
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0 DOM
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Built: 1904
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Status: Active
Love this home?
Income-producing duplex in Portland’s sought-after Eliot neighborhood generating $61,140 annually with additional upside potential. Unit 239 (2 bed, 1 bath, approx. 1,200 sq ft) is already achieving strong market rent at $2,795/month, while Unit 237 (1 bed, 1 bath) is currently rented at $2,300/month and transitions to month-to-month in May 2026, creating an opportunity to adjust rents over time.With the larger 2-bedroom unit already performing at a strong level, the property provides a proven benchmark for income, while the 1-bedroom offers potential for incremental rent growth—creating a balanced investment with stable in-place cash flow and future upside.The property blends classic character with functional updates, including a newer furnace (~3 years old) and water heaters (~2–3 years old). Unit 237 features a large attic accessible by a full staircase, offering additional storage or potential future use. Both units include in-unit laundry.Additional highlights include a high-ceiling basement, separate electric metering, and strong tenant appeal in a walkable, high-demand location near parks, restaurants, and the Matt Dishman Community Center, with quick access to downtown Portland.Ideal for investors seeking stable income with upside potential, or owner-occupants looking to offset their mortgage while building long-term equity. Opportunities with in-place income and future growth in this location are increasingly limited.
Listing Provided Courtesy of David Raines, 24/7 Properties
General Information
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246624780
-
-
0 DOM
-
3
-
7405.2 SqFt
-
2
-
2253
-
1904
-
R2
-
Multnomah
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R102169
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Boise-Eliot
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Boise-Eliot
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Jefferson
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MultiFamily
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ALBINA, BLOCK 15, LOT 19
Listing Provided Courtesy of David Raines, 24/7 Properties
PDXA1 Realty Group data last checked: Mar 18, 2026 14:28 | Listing last modified Mar 18, 2026 12:49,
Source:
Residence Information
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-
-
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2253
-
-
-
-
3
-
-
-
2
-
Composition
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-
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Open,Paved
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2
-
1904
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No
-
-
Asbestos, ShingleSiding
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Unfinished
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-
-
Unfinished
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ConcretePerimeter
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-
Features and Utilities
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-
-
-
-
-
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Electricity
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ForcedAir
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PublicSewer
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Electricity
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Gas
Financial
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2962.05
-
0
-
TrashCollection,Water
-
-
-
Cash,Conventional,FHA,VALoan
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03-18-2026
-
-
No
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No
Comparable Information
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-
0
-
0
-
-
Cash,Conventional,FHA,VALoan
-
$775,000
-
$775,000
-
-
Mar 18, 2026 12:49
Schools
Map
Listing courtesy of 24/7 Properties.
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: Mar 18, 2026 14:28 | Listing last modified Mar 18, 2026 12:49.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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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.
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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.
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