Investor's Dream! Over $110k in improvements!!!!! Ultra low maintenance income property. Charming designer duplex in South Tabor/Richmond neighborhood right on the SE Division bus line, a short walk or drive to everything and everywhere in Portland. Great income or 1031 exchange property with terrific long-time 11+ year tenants in one unit. Very rare large square footage, each unit is on 2 levels and features 3 bedroom + 1 bath configuration with lovely fireplaces, in-unit laundry and easy flowing floorplan with dining area, living room and additional family/bonus room for entertaining. Private outdoor patio spaces are great for relaxation, grilling and planting. Each unit also features an attached single garage plus driveway parking for an additional vehicle. Both units recently went through complete remodel with brand new two toned kitchens, appliances, baths, paint inside and out, shades, front siding, garage doors and openers, hardware and much more. 5215 is vacant and in impeccable condition, available for tours and immediate owner occupancy or new tenants. 5217 is occupied, and tours of the unit will be made available to buyers with written offers. Comes with all appliances, profitable rent roll and everything for you to be a successful landlord or occupying owner. Possible to convert and add another 1 bedroom unit for AirBNB. The block is ripe for big redevelopment in 5-10 years. Walk and Bike scores are both at 92!!!
Sold
$790,000
5215 SE Division St, Portland, OR 97206
6beds
3,200sqft
Multi Family
Built in 1972
-- sqft lot
$784,800 Zestimate®
$247/sqft
$2,602 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 15, 2024 at 03:30am
Listed by:
Benjamin Page 626-390-1806,
Coldwell Banker Bain
Bought with:
Michele DesCombes, 201204624
Keller Williams Realty Professionals
Source: RMLS (OR),MLS#: 23502095

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Fireplace(s)
Cooling
- None
Appliances
- Included: Range, Washer/Dryer, Electric Water Heater, Tank Water Heater, ENERGY STAR Qualified Appliances
Features
- Flooring: Hardwood
- Windows: Double Pane Windows
- Basement: Daylight,Exterior Entry,Finished
Interior area
- Total structure area: 3,200
- Total interior livable area: 3,200 sqft
Property
Parking
- Total spaces: 5
- Parking features: Attached, Garage
- Has garage: Yes
Features
- Stories: 2
Lot
- Features: On Busline, Trees, SqFt 3000 to 4999
Details
- Additional parcels included: R346101210
- Parcel number: R174378
- Zoning: RM1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Metal Siding, Plywood, Shingle Siding, Wood Composite, Wood Siding
- Foundation: Block, Concrete Perimeter, Slab
- Roof: Tar/Gravel
Condition
- Updated/Remodeled
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, DSL
Community & neighborhood
Location
- Region: Portland
- Subdivision: South Tabor
HOA & financial
Other financial information
- Total actual rent: 4775
Other
Other facts
- Listing terms: Call Listing Agent,Cash,Contract,Conventional,FHA,Lease Option
- Road surface type: Concrete, Paved
Services availability

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Estimated market value
$784,800