3504 SE SHERMAN ST new Save Request In-Person Tour Request Virtual Tour
Portland,OR 97214
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,006 sqft
Price per Sqft $343
Subdivision Richmond / Division
MLS Listing ID 184222225
Style Bungalow, Craftsman
Bedrooms 2
Full Baths 2
Year Built 1912
Annual Tax Amount $6,768
Tax Year 2024
Property Sub-Type Single Family Residence
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
Area _143
Zoning R5
Interior
Heating Forced Air
Cooling None
Exterior
Exterior Feature Covered Deck, Yard
Parking Features Detached
Garage Spaces 1.0
Roof Type Composition
Building
Lot Description Corner Lot, Cul_de_sac
Story 2
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