701 NE 194TH AVE
Portland, OR, 97230 $ 700,000
Bedrooms6 Baths4.0 Sq 2,958 Monthly Estimate*
$ 4,310
for $700,000 with 6 bedrooms and 4 full baths. This 2,958 square foot home was built in 1966 on a lot size of 0.65.
Space, flexibility, and future potential—all on a quiet, wooded 0.65-acre lot. This well-maintained home offers 2,958 square feet with fresh interior paint and basement carpet, updated systems, and three wood-burning fireplaces. The main level includes four bedrooms, 2.5 baths, a full kitchen, and comfortable living and dining areas, plus an attached oversized 2-car garage. The full basement extends the living space with two additional bedrooms, a full bath, a second kitchen, and generous living and dining areas. It flows naturally from the main home while offering flexibility for a variety of living arrangements, workspace, or potential for more separation if desired. A separate exterior entrance adds to the functionality. Previously licensed as a Care Home, the property includes the upgrades and infrastructure already in place for that use. The layout and lot size may also lend themselves to other opportunities, including shared living, in home daycare, or rental potential. Live in one level and rent out or run your business out of the other.Zoned LDR-5, the flat and usable 0.65-acre lot has been identified as having potential for a three-lot developer split. A developer packet is available upon request. A rare combination of space, versatility, and opportunity in a peaceful setting. Buyer to perform due diligence regarding all potential uses, development, zoning, and permitting.
See more
FeaturesGeneralSewer PublicSewer
Heating ForcedAir
Roof Composition
Zoning LDR5
Garage Spaces 2.0
Year Built 1966
Stories Count 2
Parcel Number R241201
Gross Income 0
County Multnomah
Net Operating Income 0
Operating Expense 0
Property Type MultiFamily
HOA N
Rent Includes None
Status Active
Directions From NE Glisan St north on 194th Ave
High School Reynolds
City Portland
Disclosures Disclosure
Number Of Units Total 2
MLS Area _142
Lot Size Square Feet 28314.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Salish Pond
Tax Annual Amount 6739.27
Middle/Junior High School Reynolds
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description PEAKE BROS HOME AC LOT 102
See more
InteriorBasement ExteriorEntry Finished SeparateLivingQuartersApartmentAuxLivingUnit
Storage Garage
Hot Water Electricity
Unit 1 Baths Total 2
Unit 1 Beds Total 4
Unit 2 Baths Total 2
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
See more
ExteriorParking Features Driveway Garage
Lot Features Level Trees Wooded
Water Source PublicWater
Total Parking 2.0
Exterior Description Brick WoodSiding
Building Area Total 2958.0
Lot Size Acres 0.65
Road Surface Type Paved
See more
* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $4,310
- Monthly Property Taxes
- $562
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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 $1,456,585
Percent of Sale Price 108%
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.
1949489 Elementary School
1948918 Middle School
Reynolds High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/23/2026 | $700,000 | | Listed Price |