237 239 NE GRAHAM ST

Portland, 97212

  • 3 Bed

  • 2 Bath

  • 2253 SqFt

  • 21 DOM

  • Built: 1904

  • Status: Active

$735,000

Price cut: $14K (04-07-2026)

X

237 239 NE GRAHAM ST

Portland 97212

$735000

Price cut: $14K (04-07-2026)

  • 3 Bed

  • 2 Bath

  • 2253 SqFt

  • 21 DOM

  • Built: 1904

  • Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

Income-producing duplex in Portland’s sought-after Eliot neighborhood generating $61,140 annually with additional upside potential. Unit 239 (2 bed, 1 bath, approx. 1,200 sq ft) is already achieving strong market rent at $2,795/month, while Unit 237 (1 bed, 1 bath) is currently rented at $2,300/month and transitions to month-to-month in May 2026, creating an opportunity to adjust rents over time.With the larger 2-bedroom unit already performing at a strong level, the property provides a proven benchmark for income, while the 1-bedroom offers potential for incremental rent growth—creating a balanced investment with stable in-place cash flow and future upside.The property blends classic character with functional updates, including a newer furnace (~3 years old) and water heaters (~2–3 years old). Unit 237 features a large attic accessible by a full staircase, offering additional storage or potential future use. Both units include in-unit laundry.Additional highlights include a high-ceiling basement, separate electric metering, and strong tenant appeal in a walkable, high-demand location near parks, restaurants, and the Matt Dishman Community Center, with quick access to downtown Portland.Ideal for investors seeking stable income with upside potential, or owner-occupants looking to offset their mortgage while building long-term equity. Opportunities with in-place income and future growth in this location are increasingly limited.

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Residence Information

  • 2253

  • 3

  • 2

  • Composition

  • Open,Paved

  • 2

  • 1904

  • No

  • Asbestos, ShingleSiding

  • Unfinished

  • Unfinished

  • ConcretePerimeter

Features and Utilities

  • Electricity

  • ForcedAir

  • PublicSewer

  • Electricity

  • Gas

Financial

  • 2962.05

  • 0

  • TrashCollection,Water

  • Cash,Conventional,FHA,VALoan

  • 03-18-2026

  • No

  • No

Comparable Information

  • 21

  • 21

  • Cash,Conventional,FHA,VALoan

  • $775,000

  • $735,000

  • Apr 08, 2026 00:12

Schools

Elementary : Boise-Eliot N/A Ratings
Middle : Boise-Eliot N/A Ratings
High : Jefferson N/A Ratings

Map

Listing courtesy of 24/7 Properties.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Krishna Realty data last checked: Apr 08, 2026 11:53 | Listing last modified Apr 08, 2026 00:12. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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