$490000
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2 Bed
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2 Bath
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1680 SqFt
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1 DOM
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Built: 1929
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Status: Active
Open House
Love this home?
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]
Listing Provided Courtesy of Jennifer O'Brien, Living Room Realty
General Information
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773359805
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1 DOM
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2
-
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2
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1680
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1929
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CE
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Multnomah
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R126490
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Grout
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Hosford
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Cleveland
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MultiFamily
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CANONGATE, BLOCK B, LOT 15
Listing Provided Courtesy of Jennifer O'Brien, Living Room Realty
PDXA1 Realty Group data last checked: May 08, 2026 20:10 | Listing last modified May 07, 2026 10:25,
Source:
Open House
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Sat, May 9th, 12PM to 2PM
Residence Information
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-
-
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1680
-
-
-
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2
-
-
-
2
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Composition
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2,
-
-
OffStreet,OnStreet
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2
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1929
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Yes
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ShakeSiding
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Finished
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-
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Finished
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-
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Features and Utilities
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-
-
-
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HeatPump, MiniSplit
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Electricity
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MiniSplit, WallHeater
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PublicSewer
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Electricity
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Electricity
Financial
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5300.06
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0
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TrashCollection
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-
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Cash,Conventional,FHA
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05-07-2026
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No
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No
Comparable Information
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1
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1
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Cash,Conventional,FHA
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$490,000
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$490,000
-
-
May 07, 2026 10:25
Schools
Map
Listing courtesy of Living Room Realty.
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: May 08, 2026 20:10 | Listing last modified May 07, 2026 10:25.
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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