- ADDRESS:
- 2350 SE 42nd ST Portland, OR 97215
- Price:
- $940,000
- Units:
- 4
- Acres:
- 0.44
- Unit 1:
-
2 Bed
1.0 Bath
$1,546/mo
Features: Dishwasher, Range, Refrigerator, Washer/Dryer - Unit 2:
-
2 Bed
1.0 Bath
$1,546/mo
Features: Dishwasher, Range, Refrigerator, Washer/Dryer - Unit 3:
-
2 Bed
1.0 Bath
$1,546/mo
Features: Dishwasher, Range, Refrigerator, Washer/Dryer - Unit 4:
-
2 Bed
1.0 Bath
$1,546/mo
Features: Dishwasher, Range, Refrigerator, Washer/Dryer - MLS#:
- 473503293
- Lot Size:
- 15,000 to 19,999 SqFt
- Type:
- Multi
- Zone:
- RM2
- Yr Built:
- 1977
- Taxe/yr:
- $29,891.06
- County:
- Multnomah
- Status:
- Active
- Levels:
- 2
- Heat:
- Baseboard
- Nhood/Bldg:
- RICHMOND
- View:
- Territorial
- Elem:
- Glencoe
- Middle:
- Mt Tabor
- High:
- Franklin
- Lot Desc:
- Level
- Area:
- Portland Southeast
- Courtesy of:
- ELEETE Real Estate
- Remarks:
- harming SE Portland duplex-style fourplex on an oversized 0.44-acre lot, just off Division in the heart of one of the city’s most desirable close-in neighborhoods. Two side-by-side garden-style duplex buildings each offer spacious 2-bed/1-bath townhome-feel units (approx. 1,125 sq. ft.) with in-unit laundry, dishwasher, and full appliance package, plus a rare mix of 6 attached garages and 6 off-street parking spaces – a huge draw for both tenants and future owner-occupants.Property is fully leased with long-term residents and a clean rent roll, producing steady income from both apartments and garage rentals, with 2026 year-to-date financials showing consistent cash flow and professionally managed operations. RM2 zoning and the large 18,971 sq. ft. site provide long-term flexibility for hold-as-is investors, small-scale value-add strategies, or future redevelopment.For investors, this is a turnkey asset in the Southeast Portland submarket, supported by strong employment, above-average household incomes, and robust multifamily fundamentals. For owner-occupants, it’s a rare opportunity to live in one updated 2-bed unit with private garage and outdoor space while the other three homes help offset your mortgage – all within easy reach of Division/Hawthorne shops, Safeway, Eastport Plaza, Providence Portland Medical Center, and TriMet bus service just steps away.