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Listed by Keller Williams Realty Professionals
$ 690,000
Est. payment /mo
New
3504 SE SHERMAN ST Portland, OR 97214
4,791 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Richmond / Division
MLS Listing ID 119505119
Year Built 1912
Annual Tax Amount $6,768
Tax Year 2024
Lot Size 4,791 Sqft
Property Description
Charming 1912 duplex in the heart of Richmond, ideally situated on a quiet cul-de-sac between Hawthorne & Division! Each legally divided 1 bed/1 bath unit features hardwood floors, tiled bathrooms, and private covered outdoor spaces (porch & balcony). Shared 728 sq ft unfinished basement includes on-site laundry and dedicated storage for each unit. Upgrades include a new sewer line, reinforced detached garage with new door, updated plumbing/electrical and exterior paint (by previous owner) Large backyard offers potential for gardening or ADU/expansion (buyer to verify). Excellent previous rental history with strong financials when rented: Gross Income $38,940 | Net Income $27,170 | Cap Rate 4.31%. Ideal for investors, house-hackers, or multi-gen living. Could be converted back to single-family. A rare investment opportunity in one of SE Portland's most desirable neighborhoods!
Location
State OR
County Multnomah
Community Laundry
Area _143
Zoning R5
Rooms
Basement Exterior Entry, Unfinished
Interior
Heating Forced Air, Wall Furnace
Cooling None
Exterior
Garage Spaces 1.0
Community Features Laundry
Roof Type Composition
Garage No
Building
Lot Description Cul_de_sac, Level
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Abernethy
Middle Schools Hosford
High Schools Cleveland
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
