2337 SE 48th Ave, Portland, OR 97215

Portland
Local realty services provided by:ERA Freeman & Associates, Realtors
2337 SE 48th Ave,Portland, OR 97215
$1,150,000
  • - Beds
  • - Baths
  • 5,760 sq. ft.
  • Multi-family
  • Pending
Listed by: lee davies, bradley harper
Office: eleete real estate503-292-1500
MLS#:526215412
Source:PORTLAND

Price summary

  • Price:$1,150,000
  • Price per sq. ft.:$199.65

About this home

Rare six-unit plex in inner Southeast Portland, consisting of three side-by-side duplex buildings on a 15,000 SF lot. Each 2-bed/1-bath garden-style flat is approximately 960 SF and lives larger than typical SE rentals, with off-street parking including three attached garage spaces plus three paved driveway spaces. For investors, the property is 100% occupied with a long-standing tenant base, professional management, and stabilized income in the Southeast Portland submarket. Current scheduled rents (with increases set for August 2026) and recent financials show strong cash flow and an appraised “Market Value As Is” of $1,150,000 ($192,000 per unit), supported by both income and sales comparison approaches. Zoning R2.5 allows duplex, triplex, fourplex and other multi-dwelling structures, offering long-term flexibility in a dense, walkable neighborhood. For residential or “house-hack” buyers, Carolina offers the chance to live in one spacious 2-bed unit and offset housing costs with...

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Home facts

  • Year built:1972
  • Subdivision & Development:Richmond
  • Listing ID #:526215412
  • Added:83 day(s) ago
  • Updated:November 06, 2026 at 09:22 AM

Rooms and interior

  • Basement Description:Crawl Space
  • Living area:5,760 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Shingle
  • Year built:1972
  • Building area:5,760 sq. ft.
  • Lot area:0.34 Acres
  • Lot Features:Level
  • Foundation Description:Slab
  • Levels:1 Story

Schools

  • High school:Franklin
  • Middle school:Mt Tabor
  • Elementary school:Glencoe

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,150,000
  • Price per sq. ft.:$199.65
  • Tax amount:$16,018 (2025)

Parking

  • Total parking spaces:6
  • Parking description:Attached Garage, Paved
  • Garage spaces:3
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than ERA Freeman & Associates, Realtors are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: November 6, 2026

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