Portland, 97217
4 Bed
2 Bath
2612 SqFt
31 DOM
Built: 1926
Status: Active
$620,000
$620000
4 Bed
2 Bath
2612 SqFt
31 DOM
Built: 1926
Principal Broker
(503) 816-7074Looking for an investment property that starts paying off from day one? Here it is. With two units generating $2,400/month for the upper unit and $1,900/month for the lower unit, this home has a proven track record of solid cash flow. Located just minutes from downtown Kenton, this property checks all the boxes: convenience, functionality, and charm. The lower unit, remodeled in 2019, is a spacious layout of 1,156 sqft that includes a modern kitchen with soft-close cabinets, 1-bedroom + office, high ceilings and updated finishes. The upper unit features a refreshed kitchen, updated bathroom, 2 bedrooms + loft, hardwood floors, and original 1920s built-ins that add unique character.The exterior has been upgraded with new fiber cement siding and fresh paint, so you can skip the costly maintenance and focus on maximizing your returns. The property also includes a spacious backyard and plenty of parking, with both driveway and street options.Whether you choose to live in one unit and rent the other or lease out both, this property offers flexibility and growth potential. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10201582]
Listing Provided Courtesy of Jordyn Jones, Cascade Hasson Sotheby's International Realty
435528872
31 DOM
4
2
2612
1926
CM2
Multnomah
R172653
Peninsula
Ockley Green
Jefferson
MultiFamily
GRAYBROOK, BLOCK 2, LOT 3&4
Listing Provided Courtesy of Jordyn Jones, Cascade Hasson Sotheby's International Realty
Keithmccue Realty data last checked: Jun 04, 2025 11:26 | Listing last modified May 29, 2025 12:10,
Source:
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2612
4
2
Composition
Driveway,OnStreet
3
1926
Yes
CementSiding
FullBasement
FullBasement
ConcretePerimeter
Electricity
ForcedAir
PublicSewer
Electricity
Electricity
5052.74
0
Electricity,Sewer,Water
Cash,Conventional,FHA,VALoan
04-28-2025
No
No
31
37
Cash,Conventional,FHA,VALoan
$620,000
$620,000
May 29, 2025 12:10
Date | Event & Source | Price |
---|---|---|
05-28-2025 |
Active(Listed) Price cut: $10K MLS # 435528872 |
$620,000 |
05-28-2025 |
Active (Price Changed) Price cut: $10K MLS # 435528872 |
$620,000 |
05-19-2025 |
Active (Price Changed) Price cut: $10K MLS # 478683591 |
$620,000 |
04-25-2025 |
Active(Listed) MLS # 478683591 |
$630,000 |
11-26-2024 |
Off Market MLS # 24540443 |
- |
Listing courtesy of Cascade Hasson Sotheby's International 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.
Keithmccue Realty data last checked: Jun 04, 2025 11:26 | Listing last modified May 29, 2025 12:10.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Principal Broker
(503) 816-7074Looking for an investment property that starts paying off from day one? Here it is. With two units generating $2,400/month for the upper unit and $1,900/month for the lower unit, this home has a proven track record of solid cash flow. Located just minutes from downtown Kenton, this property checks all the boxes: convenience, functionality, and charm. The lower unit, remodeled in 2019, is a spacious layout of 1,156 sqft that includes a modern kitchen with soft-close cabinets, 1-bedroom + office, high ceilings and updated finishes. The upper unit features a refreshed kitchen, updated bathroom, 2 bedrooms + loft, hardwood floors, and original 1920s built-ins that add unique character.The exterior has been upgraded with new fiber cement siding and fresh paint, so you can skip the costly maintenance and focus on maximizing your returns. The property also includes a spacious backyard and plenty of parking, with both driveway and street options.Whether you choose to live in one unit and rent the other or lease out both, this property offers flexibility and growth potential. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10201582]
Download our Mobile app