$490000
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2 Bed
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2 Bath
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1680 SqFt
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0 DOM
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Built: 1929
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Status: Active
Open House
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Krishna Regupathy
Principal Broker
(503) 893-8874Located in Portland’s Creston-Kenilworth neighborhood, this versatile property offers convenient access to neighborhood parks, local cafés, popular dining, transit, and the everyday amenities that make close-in SE living so desirable. Blending privacy with convenience, the home is just moments from neighborhood amenities while offering a flexible, income-producing layout. A rare opportunity to own a property with valuable commercial zoning and a permitted ADU, this offering provides flexibility for both homeowners and investors alike.The main home is a bright and inviting 2BR, 1BA bungalow featuring freshly updated hardwood floors, a sun-filled living room, cozy wood-burning fireplace, and mini split cooling for year-round comfort. The permitted lower-level ADU studio offers a well-appointed full bath and a functional, self-contained living space ideal for supplemental rental income, guest accommodations, or flexible live/work use.Both units include private washer and dryer access, while the fully fenced yard provides functional outdoor space for relaxing or entertaining. A long driveway and detached two-car garage offer ample off-street parking and storage.Well-suited for buyers looking to live in the main home while renting the ADU to offset ownership costs, create a multigenerational living arrangement, or add a strong-performing asset to an investment portfolio. Previously occupied by long-term tenants and offering an estimated 5.5% cap rate, this property presents compelling income potential (Financials based exclusively on the Property Management Firm records, Buyer to verify).A rare SE Portland opportunity combining classic bungalow character, flexibility, and a highly accessible close-in location. New roof in 2023 and a 10/10 Home Energy Score! [Home Energy Score = 10. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10011023]
Listing Provided Courtesy of Jennifer O'Brien, Living Room Realty
General Information
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773359805
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0 DOM
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2
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2
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1680
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1929
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CE
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Multnomah
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R126490
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Grout 3/10
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Hosford
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Cleveland 5/10
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MultiFamily
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CANONGATE, BLOCK B, LOT 15
Listing Provided Courtesy of Jennifer O'Brien, Living Room Realty
Krishna Realty data last checked: May 07, 2026 13:38 | Listing last modified May 07, 2026 10:25,
Source:
Open House
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Sat, May 9th, 12PM to 2PM
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