2350 SE 42nd Ave, Portland, OR 97215

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.