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Listed by Where, Inc
$ 1,125,000
Est. payment /mo
New
1511 NE Hancock ST Portland, OR 97212
7,822 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,822 sqft
Price per Sqft $143
Subdivision Irvington
MLS Listing ID 601661489
HOA Y/N No
Year Built 1955
Annual Tax Amount $11,395
Tax Year 2025
Lot Size 6,969 Sqft
Property Description
Vintage Mid-Century 4-Plex. Just two blocks from the vibrant NE Broadway corridor, this well-preserved 1955 Mid-Century Ranch offers a rare opportunity to own an authentic piece of Irvington while enjoying immediate income with exceptional long-term potential. Original hardwood floors, vintage birch cabinetry & hardware, period tile, wood-burning fireplaces, generous storage, and classic red brick architecture celebrate an era of craftsmanship and thoughtful efficiency that continues to resonate with today's renters seeking warmth, character, and authenticity. With approximately 3,911 square feet above and below grade, the property includes three spacious two-bedroom residences and one one-bedroom unit. Each offers comfortable single-level living above a private full basement with laundry, utility sink, high ceilings, and abundant storage. Each basement can be accessed directly from the unit's back door and locked off from the main level, creating intriguing possibilities for future expansion and additional income potential (buyer to perform due diligence). Three homes include dedicated garage spaces, while the attached three-car garage offers additional possibilities for those with a visionthe property offers approximately 3,846 square feet of living area above grade, plus an additional 3,846 square feet of basement space. Current rents are well below market for their size, presenting an opportunity to thoughtfully restore and reposition an authentic mid-century asset through updates that celebrate its architectural character while enhancing its appeal to future tenants. The property's outdoor spaces offer opportunities for reinvention as well. Minutes from downtown Portland, the Moda Center, transit, and some of the city's most beloved neighborhoods, this is a rare opportunity for an owner-occupied complex or long-term investment in one of Portland's most desirable urban neighborhoods, with the potential to thoughtfully enhance both livability and long-term value.
Location
State OR
County Multnomah
Area _142
Zoning RM2
Rooms
Basement Exterior Entry, Full Basement, Storage Space
Interior
Heating Forced Air
Exterior
Roof Type Composition
Garage No
Building
Lot Description Corner Lot, Level, On Busline
Story 2
Foundation Concrete Perimeter, Slab
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Irvington
Middle Schools Harriet Tubman
High Schools Jefferson
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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