2350 SE 42nd St, Portland, OR 97215

Portland
Local realty services provided by:Knipe Realty ERA Powered
2350 SE 42nd St,Portland, OR 97215
$940,000
  • - Beds
  • - Baths
  • 4,500 sq. ft.
  • Multi-family
  • Active
Listed by: lee davies, bradley harper
Office: eleete real estate503-292-1500
MLS#:473503293
Source:PORTLAND

Price summary

  • Price:$940,000
  • Price per sq. ft.:$208.89

About this home

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...

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Home facts

  • Year built:1977
  • Subdivision & Development:RICHMOND
  • Listing ID #:473503293
  • Added:1 day(s) ago
  • Updated:August 15, 2026 at 12:24 AM

Rooms and interior

  • Basement Description:Crawl Space
  • Living area:4,500 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Shingle
  • Year built:1977
  • Building area:4,500 sq. ft.
  • Lot area:0.44 Acres
  • Lot Features:Level
  • Foundation Description:Slab
  • Levels:2 Stories

Schools

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

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$940,000
  • Price per sq. ft.:$208.89
  • Tax amount:$29,891 (2025)

Parking

  • Total parking spaces:12
  • Parking description:Attached Garage, Paved
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 Knipe Realty ERA Powered 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: August 15, 2026

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