3504 SE Sherman Portland, OR $ 625,000
3504 SE Sherman
$ 625,000
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3504 SE Sherman

Portland, OR, 97214
$ 625,000
Bedrooms2 Baths2.0 Sq 2,006

Monthly Estimate*

$ 3,946

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Multi-Family Home for sale in Portland, OR

for $625,000 with 2 bedrooms and 2 full baths. This 2,006 square foot home was built in 1912.

$74,000 Price Improvement! Opportunity, flexibility, and location come together in this vacant, legally divided 1912 duplex in SE Portland's coveted Richmond neighborhood. Whether you're looking to offset your mortgage with rental income, expand your investment portfolio, or create a multi-generational living solution, this property gives you the freedom to choose your path. Located on a quiet cul-de-sac just blocks from Hawthorne and Division, the main-level home offers hardwood floors and classic bungalow charm, while the upper 1-bedroom unit features a private balcony. Shared 728 SF basement includes laundry and storage. Major updates include roof, sewer line, plumbing, electrical, drainage system with drywell, reinforced garage, exterior paint, and handrails. Large backyard offers additional possibilities (buyer to verify). Both units are vacant, allowing you to establish your own rents or move in immediately. Continue as a duplex or explore conversion to a single-family residence (buyer to verify). Property sold as-is.

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Multi-Family Pending

Price

$ 625,000

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 7,020

Style

Year Built

1912

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

640952244

Features
General
Sewer PublicSewer
Heating ForcedAir WallFurnace
Cooling None
Roof Composition
Zoning R5
Garage Spaces 1.0
Year Built 1912
Stories Count 3
Tax Year 2024
Parcel Number R277058
Gross Income 38940.0
Community Features Commons Laundry
County Multnomah
Net Operating Income 27170.0
Operating Expense 11770.0
Property Type MultiFamily
HOA N
Subdivision Name RICHMOND/HAWTHORNE/DIVISION
Rent Includes TrashCollection
Status Pending
Directions SE 34th to Sherman - end of cul-de-sac - R
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 7020.2
Middle/Junior High School Hosford
Property Condition Restored
Standard Status Pending
Accessory Dwelling Unit Y/N N
Legal Description STRATFORD-SYDNEY ADD BLOCK 2 TL 13100
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Interior
Basement ExteriorEntry Unfinished
Storage Basement IndividualStorageUnits
Hot Water Gas
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Driveway Garage
Lot Features Cul_de_sac Level
Water Source PublicWater
Total Parking 2.0
Exterior Description LapSiding
Foundation Details ConcretePerimeter
Building Area Total 2006.0
Road Surface Type Concrete Paved
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Internal Only
Street Number 1 3504
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* Excluded Features
List By
Premiere Property Group, Llc

Broker

rochelle@buyorselloregon.com

Email

Affordability Calculator

$4,531
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,946
Monthly Property Taxes
$585
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
1949937 Elementary School
1950530 Middle School
Cleveland High School High School
Pricing History
DatePricePrice ChangeDescription
7/13/2026$625,000 -10.59% Price Down
5/1/2026$699,000 Listed Price

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3504 SE Sherman, Portland, OR, 97214 is a Multi-Family Home for sale at $625,000 with 2,006 sqft. 3504 SE Sherman has 2 bedrooms, 2.0 baths, and was built in 1912. The property's zip code is 97214 which is in Portland, OR