3504 SE SHERMAN ST Active Save Request In-Person Tour Request Virtual Tour
Portland,OR 97214
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Richmond / Division
MLS Listing ID 119505119
Year Built 1912
Annual Tax Amount $6,768
Tax Year 2024
Lot Size 4,791 Sqft
Property Description
Charming 1912 duplex in the heart of Richmond, ideally situated on a quiet cul-de-sac between Hawthorne & Division! Each legally divided 1 bed/1 bath unit features hardwood floors, tiled bathrooms, and private covered outdoor spaces (porch & balcony). Shared 728 sq ft unfinished basement includes on-site laundry and dedicated storage for each unit. Upgrades include a new sewer line, reinforced detached garage with new door, updated plumbing/electrical and exterior paint (by previous owner) Large backyard offers potential for gardening or ADU/expansion (buyer to verify). Excellent previous rental history with strong financials when rented: Gross Income $38,940 | Net Income $27,170 | Cap Rate 4.31%. Ideal for investors, house-hackers, or multi-gen living. Could be converted back to single-family. A rare investment opportunity in one of SE Portland's most desirable neighborhoods!
Location
State OR
County Multnomah
Community Laundry
Area _143
Zoning R5
Interior
Heating Forced Air, Wall Furnace
Cooling None
Exterior
Garage Spaces 1.0
Community Features Laundry
Roof Type Composition
Building
Lot Description Cul_de_sac, Level
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Abernethy
Middle Schools Hosford
High Schools Cleveland
Others
Acceptable Financing Cash,Conventional,FHA,VALoan
Listing Terms Cash,Conventional,FHA,VALoan