$599000
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5 Bed
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3 Bath
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3499 SqFt
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1 DOM
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Built: 1959
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Status: Active
Love this home?
Outstanding investment and redevelopment opportunity on Denver Ave in North Portland. Seller has obtained fully approved City of Portland plans to convert the existing duplex into a legal four-plex — eliminating months of permitting delays and positioning this project for rapid completion and resale or long-term cash flow.High-value improvements already completed: Oil tank decommissioned, Sewer line repair complete, New exterior paint, Extensive rough-in plumbing started, Full interior demo and debris removal done, several new windows installed. This property is ready for a savvy investor or contractor to take over to complete the rough-in stage and move directly into drywall and finish work. Ideal for those seeking a shovel-ready project with strong upside potential in a desirable, appreciating area. Approved four-plex plans included with sale. Future buyers may be able to save thousands with City of Portland's SDC waiver program on this project.
Listing Provided Courtesy of Jordan Tietz, Kelly Right Real Estate of Portland, LLC
General Information
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495769618
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1 DOM
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5
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5227.2 SqFt
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3
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3499
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1959
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RM1
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Multnomah
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R196548
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Peninsula
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Ockley Green
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Jefferson
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MultiFamily
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KENTON, BLOCK 26, LOT 20&21
Listing Provided Courtesy of Jordan Tietz, Kelly Right Real Estate of Portland, LLC
PDXA1 Realty Group data last checked: Dec 19, 2025 11:26 | Listing last modified Dec 18, 2025 18:08,
Source:
Residence Information
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3499
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-
-
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5
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-
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3
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Composition
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Driveway,OffStreet
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2
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1959
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No
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Brick
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FullBasement,PartiallyFinished
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FullBasement,Partial
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ConcretePerimeter
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Features and Utilities
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None
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Electricity
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None
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PublicSewer
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Electricity
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Electricity
Financial
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6124.57
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None
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-
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Cash,Rehab
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12-18-2025
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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,Rehab
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$599,000
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$599,000
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Dec 18, 2025 18:08
Schools
Map
Listing courtesy of Kelly Right Real Estate of Portland, LLC.
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: Dec 19, 2025 11:26 | Listing last modified Dec 18, 2025 18:08.
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 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
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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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