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Amanda Hagen

amanda@amandahagen.com +1(503) 744-7557

Listed by Living Room Realty

$ 550,000

Est. payment -/mo

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Open Sun 12PM-2PM

4220 SE IVON ST Portland, OR 97206

1,588 SqFt

OPEN HOUSE

Sun Jun 01, 12:00pm - 2:00pm

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,588 sqft

Price per Sqft $346

Subdivision Richmond

MLS Listing ID 793658328

Year Built 1967

Annual Tax Amount $5,980

Tax Year 2024

Lot Size 5,227 Sqft

Property Description

Discover a fantastic investment or owner-occupant opportunity in this 1967 side-by-side duplex perfectly situated in SE Portland's highly desirable Richmond neighborhood. Perched on a quiet hill, the property offers a sense of privacy, along with dedicated driveways for both units—an uncommon and valuable feature in the area. Each unit features two bedrooms and one bathroom, providing comfortable and functional living spaces that cater to both tenants and homeowners alike. Designed with privacy and practicality in mind, the duplex layout is ideal for maximizing rental income. Live in one unit and rent out the other to help offset your mortgage, or lease both units at market rate for immediate cash flow. With a solid cap rate of 5.86%, this property offers strong investment performance alongside long-term flexibility and value. Enjoy unbeatable access to vibrant Division Street, with its eclectic mix of shops, cafes, parks, and public transit options just moments away. Whether you're an investor or looking for a place to call home, this income-producing property is a smart move in one of Portland's most sought-after neighborhoods.

Location

State OR

County Multnomah

Area _143

Zoning R2.5

Rooms

Basement Crawl Space

Interior

Heating Baseboard

Cooling None

Exterior

View Trees Woods

Roof Type Composition

Garage No

Building

Lot Description Level, Sloped, Trees

Story 1

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Creston

Middle Schools Kellogg

High Schools Franklin

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://boone-brothers-media.aryeo.com/videos/01971fae-d7e9-72b4-9a0c-cc12386273c8

Regional Multiple Listing Service (RMLS)

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CONTACT US

+1(503) 744-7557

amanda@amandahagen.com

https://www.amandahagen.com