2350 SE 42nd ST, Portland, OR 97215
- $940,000
- 4,500
- SqFt
- List Price
- $940,000
- Days on Market
- 5
- MLS#
- 473503293
- Property Type
- Multifamily
- Sqft. of Residence
- 4,500
- Lot Size
- 15, 000 to 19, 999 SqFt
- Region
- Portland Southeast
- Status
- ACTIVE
Property Description
harming SE Portland duplex-style fourplex on an oversized 0.44-acre lot, just off Division in the heart of one of the city’s most desirable close-in neighborhoods. Two side-by-side garden-style duplex buildings each offer spacious 2-bed/1-bath townhome-feel units (approx. 1,125 sq. ft.) with in-unit laundry, dishwasher, and full appliance package, plus a rare mix of 6 attached garages and 6 off-street parking spaces – a huge draw for both tenants and future owner-occupants.Property is fully leased with long-term residents and a clean rent roll, producing steady income from both apartments and garage rentals, with 2026 year-to-date financials showing consistent cash flow and professionally managed operations. RM2 zoning and the large 18,971 sq. ft. site provide long-term flexibility for hold-as-is investors, small-scale value-add strategies, or future redevelopment.For investors, this is a turnkey asset in the Southeast Portland submarket, supported by strong employment, above-average household incomes, and robust multifamily fundamentals. For owner-occupants, it’s a rare opportunity to live in one updated 2-bed unit with private garage and outdoor space while the other three homes help offset your mortgage – all within easy reach of Division/Hawthorne shops, Safeway, Eastport Plaza, Providence Portland Medical Center, and TriMet bus service just steps away.
Additional Information
- Tax Amount
- $29,891
- Year Built
- 1977
- High School
- Franklin
- Elementary School
- Glencoe
- Middle School
- Mt Tabor
- Acres
- 0.44
- Living Area
- 4,500
- Stories
- 2
- Subdivision
- RICHMOND
- Terms
- Cash, Conventional, FHA
- Cooling Description
- None
- Fuel Description
- Electricity
- Heating Description
- Baseboard
- Hoa Rent Includes
- Sewer, Trash Collection, Water
- Hot Water Description
- Electricity
- Exterior Description
- Brick, Wood Siding
- Roof Type
- Shingle
- Sewer Description
- Public Sewer
- View
- Territorial
- Parking
- Attached, Paved
- Security Or Entry
- None
- Parking Description
- Attached, Paved
- Road Surface
- Paved
- Number Of Units Total
- 4
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1546
- Unit Type One Sq Ft
- 1125
- Unit Type One Units Total
- 4
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Listing courtesy of ELEETE Real Estate.
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 © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.