Outstanding investment and redevelopment opportunity on Denver Ave in North Portland. Seller has obtained fully approved City of Portland plans to convert the existing duplex into a legal four-plex — eliminating months of permitting delays and positioning this project for rapid completion and resale or long-term cash flow.High-value improvements already completed: Oil tank decommissioned, Sewer line repair complete, New exterior paint, Extensive rough-in plumbing started, Full interior demo and debris removal done, several new windows installed. This property is ready for a savvy investor or contractor to take over to complete the rough-in stage and move directly into drywall and finish work. Ideal for those seeking a shovel-ready project with strong upside potential in a desirable, appreciating area. Approved four-plex plans included with sale. Future buyers may be able to save thousands with City of Portland's SDC waiver program on this project.
Listing Provided Courtesy of Jordan Tietz, Kelly Right Real Estate of Portland, LLC
General Information
495769618
48
DOM
5
5227.2 SqFt
3
3499
1959
RM1
Multnomah
R196548
Peninsula 4/10
Ockley Green 1/10
Jefferson 4/10
MultiFamily
KENTON, BLOCK 26, LOT 20&21
Listing Provided Courtesy of Jordan Tietz, Kelly Right Real Estate of Portland, LLC
Krishna Realty data last checked: Feb 22, 2026 03:20 | Listing last modified Feb 04, 2026 09:29,
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Residence Information
3499
5
3
Composition
Driveway,OffStreet
2
1959
No
Brick
FullBasement,PartiallyFinished
FullBasement,Partial
ConcretePerimeter
Features and Utilities
None
Electricity
None
PublicSewer
Electricity
Electricity
Financial
6124.57
None
Cash,Rehab
12-18-2025
No
No
Comparable Information
48
66
Cash,Rehab
$599,000
$585,000
Feb 04, 2026 09:29
Schools
public Elementary : Peninsula
4/10Ratingspublic Middle : Ockley Green
1/10Ratingspublic High : Jefferson
4/10Ratings
Map
Listing courtesy of Kelly Right Real Estate of Portland, LLC.
Outstanding investment and redevelopment opportunity on Denver Ave in North Portland. Seller has obtained fully approved City of Portland plans to convert the existing duplex into a legal four-plex — eliminating months of permitting delays and positioning this project for rapid completion and resale or long-term cash flow.High-value improvements already completed: Oil tank decommissioned, Sewer line repair complete, New exterior paint, Extensive rough-in plumbing started, Full interior demo and debris removal done, several new windows installed. This property is ready for a savvy investor or contractor to take over to complete the rough-in stage and move directly into drywall and finish work. Ideal for those seeking a shovel-ready project with strong upside potential in a desirable, appreciating area. Approved four-plex plans included with sale. Future buyers may be able to save thousands with City of Portland's SDC waiver program on this project.
