2305 SE 12th AVE
Portland, OR, 97214 $ 1,259,900
Bedrooms8 Baths8.0 Sq 4,025 Monthly Estimate*
$ 7,860
for $1,259,900 with 8 bedrooms and 8 full baths. This 4,025 square foot home was built in 2008.
Welcome to 2303 SE 12th Ave, a rare investment opportunity in Portland’s highly walkable Hosford-Abernethy neighborhood. This attached duplex offers four total rentable spaces across two mirror sides, providing exceptional flexibility and ease of management. Each side includes a 1-bedroom, 1-bath lower-level living quarters (~609 sq ft) with a private entrance, plus an upper-level (~1,404 sq ft) with 3 bedrooms and 2.5 bathrooms—ideal for long-term tenants, short-term rentals where allowed, or multi-generational living. Both sides also feature attached 2-car garages with ample storage, a major perk for urban renters needing space for vehicles, bikes, and gear. With a WalkScore of 93 and BikeScore of 100, the location is a renter magnet. Tenants can stroll to AKÂDI PDX for West African cuisine, grab coffee at Good Coffee, or meet friends at Reel M Inn for casual drinks. Ladd Circle Park & Rose Gardens is nearby for morning walks, jogging, or weekend downtime. The four rentable spaces allow multiple strategies: live in one and rent the other three, occupy an entire side and lease the remaining two, or operate all four as income-producing units. Diversified income streams help reduce vacancy risk, while the vibrant neighborhood and strong walk/bike scores support demand and rent growth. There’s also value-add potential through updates, layout optimizations, or aligning rents with market trends. In summary, 2303 SE 12th Ave combines four spaces, 2-car garages, and a prime, transit-friendly location into a compelling turnkey investment. [Home Energy Score = 6. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10192430]
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FeaturesGeneralSewer PublicSewer
Heating ForcedAir
Roof Composition
Zoning RM2
Garage Spaces 4.0
Year Built 2008
Stories Count 3
Tax Year 2025
Parcel Number R724266
Gross Income 58200.0
County Multnomah
Net Operating Income 0
Operating Expense 0
Property Type MultiFamily
HOA N
Subdivision Name HOSFORD-ABERNATHY
Rent Includes None
Status Active
Directions Corner of SE 12th Ave & SE Sherman St
High School Cleveland
City Portland
Disclosures Disclosure
Number Of Units Total 2
MLS Area _143
Listing Terms Cash Conventional FHA VALoan
Elementary School Abernethy
Tax Annual Amount 18839.3
Middle/Junior High School Hosford
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description TBD
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InteriorBasement Finished SeparateLivingQuartersApartmentAuxLivingUnit
Storage Garage
Hot Water Gas
Unit 1 Baths Total 4
Unit 1 Beds Total 4
Unit 2 Baths Total 4
Unit 2 Beds Total 4
Unit Type UnitTypeType1 UnitTypeType2
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ExteriorParking Features Attached Garage
Lot Features CornerLot Level
Water Source PublicWater
Total Parking 4.0
Exterior Description CementSiding
Foundation Details ConcretePerimeter
Building Area Total 4025.0
Road Surface Type Paved
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* Excluded FeaturesList ByKeller Williams Realty Portland PremiereBroker
Affordability Calculator
- Monthly Principal & Interest
- $7,860
- Monthly Property Taxes
- $1,570
- 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.
Learn more about how to save NearbyMulti-family listings in Portland, OR
Average List Price $1,401,485
Percent of Sale Price 11%
About Portland, OR 646,380 Population
22% Since 2002
$ 62,517 Median Income
39 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
1949937 Elementary School
1950530 Middle School
Cleveland High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/2/2025 | $1,259,900 | -1.56% | Price Down |
| 11/11/2025 | $1,279,900 | -1.54% | Price Down |
| 11/3/2025 | $1,299,900 | | Listed Price |