3124 SE 20TH AVE, Portland, OR 97202

$1,550,000

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List Price
$1,550,000
Days on Market
0
MLS#
592486582
Property Type
Multifamily
Lot Size
10, 000 to 14, 999 SqFt
Region
Portland Southeast
Status
ACTIVE

Property Description

Rare opportunity to own an income-generating property with two detached homes on a spacious 13,000 sq ft RM2-zoned lot in desirable SE Portland. The 1,944 sq ft duplex offers two separate 2-bedroom, 1-bath units, plus a 964 sq ft unfinished basement. The second home provides approximately 1,682 sq ft with 3 bedrooms, 2.5 baths, and an additional 864 sq ft basement. Both homes feature fully fenced yards and share a detached three-car garage, with one space for the duplex and two for the second home. RM2 zoning provides future development flexibility, including potential for a larger, multi-story multi-dwelling project, subject to zoning requirements and buyer verification. An excellent opportunity for investors, owner-occupants, or multi-generational living, with multiple avenues for rental income and long-term growth. Conveniently located just six blocks from New Seasons Market and Clinton Community Garden, with nearby restaurants, coffee shops, parks, and neighborhood amenities. A rare SE Portland property offering immediate income potential, flexibility, and future development possibilities.

Additional Information

Tax Amount
$13,714
Year Built
1911
High School
Cleveland
Elementary School
Abernethy
Middle School
Hosford
Garage Spaces
3
Acres
0.30
Stories
3
Lot Size Dimension
100' x 130'
Terms
Cash, Conventional
Fuel Description
Gas
Heating Description
Forced Air
Hoa Rent Includes
None
Hot Water Description
Gas, Tank
Exterior Description
Lap Siding
Roof Type
Composition
Sewer Description
Public Sewer
Parking
Garage, RV Access/Parking
Parking Description
Garage, RV Access/Parking
Road Surface
Paved
Number Of Units Total
3
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1800
Unit Type One Sq Ft
1359
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Units Total
1
Unit Type Three Baths Total
3
Unit Type Three Beds Total
3
Unit Type Three Rent
3025
Unit Type Three Sq Ft
2872
Unit Type Three Units Total
1

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Calculator source: Real Geeks

Listing courtesy of Cascade Hasson Sotheby's International Realty.

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