$995000
Price cut: $24K (11-05-2025)
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5 Bed
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5 Bath
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3309 SqFt
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58 DOM
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Built: 1909
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Status: Active
Love this home?
Exceptional Sellwood/Moreland 5-Plex with Rare Development Potential. An incredible opportunity in one of Portland’s most desirable rental markets. This well-maintained, income-producing 5-plex sits on an oversized RM1-zoned lot, offering multiple paths for both immediate and long-term upside. One unit is currently vacant and undergoing renovation, providing an ideal option for an owner-occupant or for leasing at full market rent. The unfinished basement offers a clear value-add opportunity, with a layout well-suited for conversion into a 6th dwelling unit (buyer to verify), potentially increasing annual income by more than 20%. The spacious lot and RM1 zoning open the door to future redevelopment, with potential to add up to 10 new units under current code (buyer to verify). Investors and developers alike will appreciate the rare combination of strong in-place income and significant expansion potential within this high-demand, walkable neighborhood. Recent exterior upgrades include fresh paint (August 2025) reinforced fire escapes, low-maintenance landscaping, featuring open grassy areas and outdoor spaces enjoyed by tenants. Close to parks, schools, boutique shops, and public transit, this property stands out as a prime candidate for portfolio growth or redevelopment in the heart of Sellwood/Moreland. Please do not disturb tenants. All offers subject to interior inspection.
Listing Provided Courtesy of Jason Maycumber, Redfin
General Information
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389001689
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58 DOM
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5
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10018.8 SqFt
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5
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3309
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1909
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R2
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Multnomah
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R268008
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Duniway
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Sellwood
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Cleveland
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MultiFamily
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SELLWOOD, BLOCK 106, LOT 12&13
Listing Provided Courtesy of Jason Maycumber, Redfin
PDXA1 Realty Group data last checked: Nov 12, 2025 16:09 | Listing last modified Nov 06, 2025 10:05,
Source:
Residence Information
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3309
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-
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5
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-
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5
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Composition
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Paved
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2
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1909
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No
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LapSiding, WoodSiding
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FullBasement,StorageSpace,Unfinished
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FullBasement,Storage
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Features and Utilities
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Electricity, Tank
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WallFurnace
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PublicSewer
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Electricity, Tank
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Electricity
Financial
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11512.22
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Electricity,Gas,MaintenanceGrounds,Sewer,TrashColl
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Cash,Conventional
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09-09-2025
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No
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No
Comparable Information
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58
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64
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Cash,Conventional
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$1,019,000
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$995,000
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Nov 06, 2025 10:05
Schools
Map
Listing courtesy of Redfin.
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: Nov 12, 2025 16:09 | Listing last modified Nov 06, 2025 10:05.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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— 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.
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