8535 SW Oleson Rd, Portland, OR 97223
Local realty services provided by:ERA Freeman & Associates, Realtors
8535 SW Oleson Rd,Portland, OR 97223
$639,000
- - Beds
- - Baths
- 1,543 sq. ft.
- Multi-family
- Active
Listed by:jared barnes
Office:save big realty
MLS#:498935192
Source:PORTLAND
Price summary
- Price:$639,000
- Price per sq. ft.:$414.13
About this home
Open House from 10:30 to 2:30 this Saturday! TWO houses on one tax lot. Nestled among tall fir trees and just a stone's throw from Washington Square Mall, this home feels like a peaceful retreat. These two woodsy escape cottages have been updated with classic charm, blending rustic feel with modern conveniences. The main house offers 2 spacious bedrooms and 1 full bathroom, featuring stunning restored original hardwood floors and a gas fireplace that adds warmth and character to the cozy space. The updated kitchen and bathroom showcase stylish, contemporary finishes, including all new appliances, that perfectly complement the home’s timeless appeal. You'll enjoy year-round comfort with the brand-new energy-efficient tankless hot water heater, ensuring endless hot water whenever you need it. In addition, there's a separate 2 bed, 1 bath house that has been recently updated offering potential for additional living space or rental income. If you're looking for a home that combines warmth, charm, and modern amenities in a tranquil setting, this is the perfect place for you! These homes will rent for over $4,000/ month. At a 5% cap rate That indicates value of $800,000. The current price shows a cap rate of 6.3%!! This is an investors dream!
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Home facts
- Year built:1940
- Listing ID #:498935192
- Added:19 day(s) ago
- Updated:September 17, 2025 at 09:21 PM
Rooms and interior
- Living area:1,543 sq. ft.
Heating and cooling
- Heating:Forced Air, Zoned
Structure and exterior
- Roof:Composition
- Year built:1940
- Building area:1,543 sq. ft.
- Lot area:0.29 Acres
Schools
- High school:Beaverton
- Middle school:Whitford
- Elementary school:McKay
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$639,000
- Price per sq. ft.:$414.13
- Tax amount:$4,584 (2024)
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