$74,000 Price Improvement! Opportunity, flexibility, and location come together in this vacant, legally divided 1912 duplex in SE Portland's coveted Richmond neighborhood. Whether you're looking to offset your mortgage with rental income, expand your investment portfolio, or create a multi-generational living solution, this property gives you the freedom to choose your path. Located on a quiet cul-de-sac just blocks from Hawthorne and Division, the main-level home offers hardwood floors and classic bungalow charm, while the upper 1-bedroom unit features a private balcony. Shared 728 SF basement includes laundry and storage. Major updates include roof, sewer line, plumbing, electrical, drainage system with drywell, reinforced garage, exterior paint, and handrails. Large backyard offers additional possibilities (buyer to verify). Both units are vacant, allowing you to establish your own rents or move in immediately. Continue as a duplex or explore conversion to a single-family residence (buyer to verify). Property sold as-is.
Sold
Zestimate®
$625,000
3504 SE Sherman St, Portland, OR 97214
2beds
2,006sqft
Multi Family
Built in 1912
-- sqft lot
$625,000 Zestimate®
$312/sqft
$2,349 Estimated rent
Home value
$625,000
$594,000 - $656,000
$2,349/mo
Zestimate® history
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$2,349/mo
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$3,900/mo
Est. payment
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Est. payment
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List your homeWhat's special
Reinforced garageLarge backyardExterior paintHardwood floorsMajor updates include roofClassic bungalow charm
Zillow last checked:
Listing updated:
Listed by:
Rochelle Yukich 503-926-2469,
Premiere Property Group, LLC
Bought with:
Jacob Wathen, 201222796
MORE Realty
Source: RMLS (OR),MLS#: 640952244
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Wall Furnace
Cooling
- None
Appliances
- Included: Range, Refrigerator, Gas Water Heater
- Laundry: Common Area
Features
- Storage
- Flooring: Wood
- Basement: Exterior Entry,Unfinished,Storage Space
Interior area
- Total structure area: 2,006
- Total interior livable area: 2,006 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 3
- Patio & porch: Deck
Lot
- Features: Cul-De-Sac, Level, SqFt 5000 to 6999
Details
- Parcel number: R277058
- Zoning: R5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Lap Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Restored
- Year built: 1912
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Commons, Laundry
- Subdivision: Richmond/Hawthorne/Division
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $312/sqft
- Annual tax amount: $7,020
- Date on market: 4/15/2026
- Cumulative days on market: 91 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 3245
- Road surface type: Concrete, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2026 | Sold | $625,000$312/sqft |
Source:  RMLS (OR) #640952244 Report a problem | ||
| 7/16/2026 | Pending sale | $625,000$312/sqft |
Source: RMLS (OR) #697905392 Report a problem | ||
| 7/13/2026 | Price change | $625,000-10.6%$312/sqft |
Source: RMLS (OR) #697905392 Report a problem | ||
| 5/19/2026 | Listed for sale | $699,000$348/sqft |
Source: RMLS (OR) #697905392 Report a problem | ||
| 5/7/2026 | Pending sale | $699,000$348/sqft |
Source: RMLS (OR) #697905392 Report a problem | ||
| 5/1/2026 | Listed for sale | $699,000+11%$348/sqft |
Source: RMLS (OR) #697905392 Report a problem | ||
| 8/7/2024 | Sold | $630,000$314/sqft |
Source: RMLS (OR) #24531502 Report a problem | ||
| 6/14/2024 | Pending sale | $630,000$314/sqft |
Source: RMLS (OR) #24531502 Report a problem | ||
| 6/6/2024 | Listed for sale | $630,000$314/sqft |
Source: RMLS (OR) #24531502 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Richmond
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Nearby schools
GreatSchools rating
- 10/10Abernethy Elementary SchoolGrades: K-5Distance: 1.1 mi
- 8/10Hosford Middle SchoolGrades: 6-8Distance: 0.4 mi
- 7/10Cleveland High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Abernethy
- Middle: Hosford
- High: Cleveland
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$625,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$625,000
- Oregon
- Multnomah County
- Portland
- 97214
- Richmond
- 3504 SE Sherman St
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