Pending

$550000

4 Bed
2 Bath
1588 SqFt
3 DOM
Built: 1967
Status: Pending

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Krishna Regupathy

Principal Broker

(503) 893-8874

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.

Listing Provided Courtesy of Jennifer O'Brien, Living Room Realty

General Information

MLS #793658328
Type
Days on Market 3 DOM
Beds4
Lot Size 5227.2 SqFt
Baths2
SqFt1588
Year built1967
ZoningR2.5
CountyMultnomah
Tax IDR215821
ElemCreston 7/10
MiddleKellogg
HighFranklin 5/10
PropCategoryMultiFamily
PropType
Neighborhood (Legal)MCMAHONS ADD, BLOCK 5, E 37.14' OF LOT 2, W 12.86' OF LOT 3

Listing Provided Courtesy of Jennifer O'Brien, Living Room Realty

Krishna Realty data last checked: Jun 03, 2025 00:05 | Listing last modified Jun 02, 2025 14:24, Source:

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Residence Information

Upper SqFt
Main SqFt
Lower SqFt
Total SqFt1588
SFSrc
TotUp/Mn
Fireplaces
Bdrms4
Full Bath
Partial Bath
Total Bath2
RoofComposition
Garage
Style
ParkingOffStreet
Levels1
Year Built1967
Green CertNo
Energy Eff
ExteriorCedar, LapSiding
Bsmt/FndCrawlSpace
RV
URM
BasementCrawlSpace
Foundation
Windows
Amenities

Features and Utilities

Living
Kitchen
Interior
Exterior
Accessibility
CoolNone
WaterElectricity
HeatBaseboard
SewerPublicSewer
Hot WaterElectricity
FuelElectricity

Financial

PTax/Yr5980.91
HOA
HOA InclSewer,TrashCollection,Water
HOA Fee
Other Dues
Terms ConsideredCash,Conventional
List Date05-30-2025
Rent (If Rented)
Bank Owned/REONo
Short SaleNo

Comparable Information

Pending Date06-02-2025
DOM 3
CDOM 3
Sold Date
TermsCash,Conventional
Original Price$550,000
List Price$550,000
Sold Price
Last ModifiedJun 02, 2025 14:24

Schools

public Elementary : Creston 7/10 Ratings

Middle : Kellogg N/A Ratings

public High : Franklin 5/10 Ratings

Map

Listing courtesy of Living Room Realty.

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: Jun 03, 2025 00:05 | Listing last modified Jun 02, 2025 14:24. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

4220 SE IVON ST

$550,000