This rare Victorian-style duplex + bonus 3rd unit sits on a quiet cul-de-sac at the edge of Portland’s vibrant Pearl District, combining timeless character with modern functionality. Ideal for owner-occupants or investors, the property offers three distinct living spaces with flexible rental options in one of the city’s most walkable neighborhoods.The detached duplex features a main-level unit that is vacant providing immediate flexibility for owner occupancy, long-term rental, or short-term use. The second-floor residence includes a private covered balcony, while the attic-level 1-bedroom offers a cozy retreat perfect for guests or short stays. Each unit features private laundry, hardwood floors, original built-ins, and custom woodwork that reflect the home’s historic charm.A full, unfinished basement with street-level access offers ample space for storage or bike parking. Easy street parking and nearby public garages add convenience, and freeway on/off ramps are just minutes away.With a Walk Score of 99 and a Bike Score of 90, you’re steps from the Pearl District’s top dining, shopping, and cultural attractions—plus picturesque views of Portland’s West Hills.A beautifully maintained, income-generating property with full building access starting June 15th—this is a rare find in one of Portland’s most desirable neighborhoods.
Active
Price cut: $50K (6/26)
$800,000
204 NW 15th Ave, Portland, OR 97209
5beds
4,909sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$749,500 Zestimate®
$163/sqft
$-- HOA
What's special
Detached duplexCozy retreatOriginal built-insQuiet cul-de-sacFull unfinished basementCustom woodworkPrivate covered balcony
- 174 days
- on Zillow |
- 914 |
- 50 |
Zillow last checked: 7 hours ago
Listing updated: July 19, 2025 at 11:09am
Listed by:
Jennifer Turner 503-312-4642,
Lovejoy Real Estate
Source: RMLS (OR),MLS#: 609391756

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Forced Air, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Dishwasher, Washer/Dryer, Range, Refrigerator, Gas Water Heater
- Laundry: Common Area
Features
- Flooring: Hardwood
- Basement: Exterior Entry,Full,Storage Space
Interior area
- Total structure area: 4,909
- Total interior livable area: 4,909 sqft
Video & virtual tour
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Stories: 3
- Has view: Yes
- View description: City
Lot
- Size: 1,742.4 Square Feet
- Features: Level, On Busline, SqFt 0K to 2999
Details
- Parcel number: R140697
- Zoning: EXD
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1900
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Community
- Features: Laundry
- Subdivision: Pearl District
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $163/sqft
- Annual tax amount: $8,931
- Date on market: 2/5/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 1875
- Road surface type: Paved
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