305 NE 26TH AVE Portland, OR $ 615,000
305 NE 26TH AVE
$ 615,000
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305 NE 26TH AVE

Portland, OR, 97232
$ 615,000
Bedrooms2 Baths2.0 Sq 2,000

Monthly Estimate*

$ 3,883

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Multi-Family Home for sale in Portland, OR

for $615,000 with 2 bedrooms and 2 full baths. This 2,000 square foot home was built in 1944.

Investment opportunity in the heart of Kerns, one of Portland’s most vibrant and highly sought-after neighborhoods! This classic 1940s side-by-side duplex offers two light-filled one-bedroom, one-bath units, each with fresh interior paint, an unfinished basement and individual tuck-under garage—plus plenty of potential to add value over time. Newly refinished hardwood floors in unit 315 add to the appeal, while a new roof in 2025, plus new hot water heaters and a new furnace in 2026, provide added peace of mind. This duplex is just moments from the shops, restaurants, and local favorites of NE 28th and the surrounding hubs—including Whole Foods Market, Laurelhurst Theater, Providore Fine Foods, Screen Door, and so much more—while tucked away on a peaceful residential block with established landscaping. Outside, a lovely private side yard with mature trees and plantings offers ample space for gardening, with existing garden boxes and plenty of room to make the outdoor space your own. Both units were previously occupied by long-term tenants, offering an investor the opportunity to consider future rental upside. With its desirable close-in location, individual garages and basements, 305–315 NE 26th Ave offers the chance to build long-term value and equity in a neighborhood with enduring appeal. [Home Energy Score = 7. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10248524]

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Multi-Family Active

Price

$ 615,000

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,877

Style

Year Built

1944

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

691040154

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling WindowUnit
Roof Composition
Zoning R2.5
Garage Spaces 2.0
Year Built 1944
Stories Count 2
Tax Year 2025
Parcel Number R265712
Gross Income 27600.0
County Multnomah
Net Operating Income 0
Operating Expense 0
Property Type MultiFamily
HOA N
Subdivision Name KERNS
Rent Includes None
Status Active
Directions NE Glisan S on 26th.
High School Cleveland
City Portland
Disclosures Disclosure
Number Of Units Total 2
MLS Area _142
Listing Terms Cash Conventional FHA VALoan
Elementary School Buckman
Tax Annual Amount 4877.84
Middle/Junior High School Hosford
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description SANDY ROAD PL BLOCK 4 LOT 16
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Interior
Basement PartialBasement PartiallyFinished Unfinished
Storage Basement Garage
Hot Water Electricity
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 OnStreet
Water Source PublicWater
Exterior Description WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 2000.0
Road Surface Type Paved
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Internal Only
Street Number 1 305
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* Excluded Features
List By
Urban Nest Realty

Broker

keri@urbannestpdx.com

Email

Affordability Calculator

$4,290
Per Month
91%
9%
0%
Monthly Principal & Interest
$3,883
Monthly Property Taxes
$406
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
1950873 Elementary School
1950530 Middle School
Cleveland High School High School
Pricing History
DatePricePrice ChangeDescription
8/22/2026$615,000 -1.60% Price Down
5/29/2026$625,000 Listed Price

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305 NE 26TH AVE, Portland, OR, 97232 is a Multi-Family Home for sale at $615,000 with 2,000 sqft. 305 NE 26TH AVE has 2 bedrooms, 2.0 baths, and was built in 1944. The property's zip code is 97232 which is in Portland, OR