Exceptional investment opportunity in Portland’s Powellhurst-Gilbert neighborhood offering an estimated 6% cap rate and strong rental potential. This fully remodeled duplex has been extensively updated, making it a low-maintenance, income-producing property from day one. Major system upgrades include new 200-amp electrical service and panels, a new roof, gutters, exterior paint, and double-pane windows. Both units have been thoughtfully renovated with new flooring, fresh interior paint, new water heaters, updated interior water supply and waste lines, and remodeled kitchens and bathrooms featuring new cabinetry, countertops, and modern electrical and plumbing fixtures. Each unit offers comfortable, move-in-ready living along with dedicated storage, laundry hook-up, off-street parking for multiple vehicles, and a nicely sized backyard ready for your finishing touches. Ideal for investors or owner-occupants — rent both units for consistent cash flow or live in one unit while renting the other to help offset your mortgage. Don’t miss this turn-key opportunity in Southeast Portland, where demand for duplex housing continues to grow. All rents and financial information are estimates - buyer to verify.
Listing Provided Courtesy of Brian Eustis, Rarebird Real Estate
General Information
770612929
3
DOM
3
0.26 acres
2
1346
1950
RM1
Multnomah
R334308
Mill Park
Ron Russell
David Douglas
MultiFamily
SECTION 11 1S 2E, TL 8400 0.26 ACRES
Listing Provided Courtesy of Brian Eustis, Rarebird Real Estate
Krishna Realty data last checked: Mar 16, 2026 17:55 | Listing last modified Mar 13, 2026 13:48,
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Residence Information
1346
3
2
Composition,Shingle
OffStreet
1
1950
Yes
Geothermal
ShakeSiding, WoodSiding
CrawlSpace
CrawlSpace
PillarPostPier
Features and Utilities
None
Electricity
WallHeater
PublicSewer
Electricity
Electricity
Financial
3799.27
None
Cash,Conventional,FHA,VALoan
03-13-2026
No
No
Comparable Information
3
3
Cash,Conventional,FHA,VALoan
$424,900
$424,900
Mar 13, 2026 13:48
Schools
Elementary : Mill ParkN/ARatings Middle : Ron Russell N/ARatings High : David DouglasN/ARatings
Exceptional investment opportunity in Portland’s Powellhurst-Gilbert neighborhood offering an estimated 6% cap rate and strong rental potential. This fully remodeled duplex has been extensively updated, making it a low-maintenance, income-producing property from day one. Major system upgrades include new 200-amp electrical service and panels, a new roof, gutters, exterior paint, and double-pane windows. Both units have been thoughtfully renovated with new flooring, fresh interior paint, new water heaters, updated interior water supply and waste lines, and remodeled kitchens and bathrooms featuring new cabinetry, countertops, and modern electrical and plumbing fixtures. Each unit offers comfortable, move-in-ready living along with dedicated storage, laundry hook-up, off-street parking for multiple vehicles, and a nicely sized backyard ready for your finishing touches. Ideal for investors or owner-occupants — rent both units for consistent cash flow or live in one unit while renting the other to help offset your mortgage. Don’t miss this turn-key opportunity in Southeast Portland, where demand for duplex housing continues to grow. All rents and financial information are estimates - buyer to verify.
