3204 S KELLY AVE Portland, OR $ 650,000
3204 S KELLY AVE
$ 650,000
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3204 S KELLY AVE

Portland, OR, 97239
$ 650,000
Bedrooms4 Baths3.0 Sq 2,238

Monthly Estimate*

$ 4,055

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Multi-Family Home for sale in Portland, OR

for $650,000 with 4 bedrooms and 3 full baths. This 2,238 square foot home was built in 1889 on a lot size of 0.03.

This two-unit Queen Anne Victorian home conveniently located near OHSU, the Tram, South Waterfront, and the Gibbs Street Pedestrian Bridge, blends timeless character with modern versatility. The main and upper levels feature a 3-bed, 2-bath residence with soaring ceilings, oversized original windows, and abundant natural light. Period details—fir floors, stained glass, and hand-carved newel posts—anchor the home, while an updated kitchen with stainless appliances adds modern functionality. Generous upstairs bedrooms capture city vistas and peek-a-boo river views. Outdoor living includes a large, partially covered deck and a private fenced courtyard. The ground-level unit, tucked into the mature landscape, offers spacious 1-bed, 1-bath dwelling with a full kitchen, living area, and its own dedicated entry. Whole-home improvements include separate electric meters, a newer sewer line, roof and gutters, and separate laundry facilities for each unit. This property is a rare opportunity for flexible living—whether owner-occupied with rental income, multi-generational living, or investment—in one of Portland’s oldest and most connected neighborhoods.

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Multi-Family Active

Price

$ 650,000

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 7,848

Style

Lot Size

0.03

Year Built

1889

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

672335585

Features
General
Sewer PublicSewer
Heating ForcedAir Zoned
Roof Composition
Zoning RM3
Security Features SecurityLights
Year Built 1889
Stories Count 3
Tax Year 2025
Parcel Number R129044
Gross Income 0
County Multnomah
Net Operating Income 0
Operating Expense 0
Property Type MultiFamily
HOA N
Subdivision Name LAIR HILL
Rent Includes None
Status Active
Directions S Kelly Ave x S Grover St (Fork right just before Ross Island Bridge on-ramp)
High School Ida B Wells
City Portland
Number Of Units Total 2
MLS Area _148
Lot Size Square Feet 1306.0
Listing Terms Cash Conventional
Elementary School Capitol Hill
Tax Annual Amount 7848.29
Middle/Junior High School Jackson
Property Condition UpdatedRemodeled
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description CARUTHERS ADD BLOCK 117 N 25' OF W 60' OF LOT 8
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Interior
Basement Finished SeparateLivingQuartersApartmentAuxLivingUnit
Hot Water Electricity
Unit 1 Baths Total 2
Unit 1 Beds Total 3
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features OnStreet
Lot Features CornerLot Cul_de_sac
Water Source PublicWater
Exterior Description Asbestos WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 2238.0
Lot Size Acres 0.03
Road Surface Type Concrete
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Internal Only
Street Number 1 3204
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* Excluded Features
List By
Inhabit Real Estate

Broker

info@inhabitre.com

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Affordability Calculator

$4,709
Per Month
86%
14%
0%
Monthly Principal & Interest
$4,055
Monthly Property Taxes
$654
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3254078 Elementary School
3254087 Middle School
Ida B Wells High School High School
Pricing History
DatePricePrice ChangeDescription
9/29/2025$650,000 Listed Price

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3204 S KELLY AVE, Portland, OR, 97239 is a Multi-Family Home for sale at $650,000 with 2,238 sqft and a lot size of 0.03. 3204 S KELLY AVE has 4 bedrooms, 3.0 baths, and was built in 1889. The property's zip code is 97239 which is in Portland, OR