3124 SE 20TH AVE Portland, OR $ 1,550,000
3124 SE 20TH AVE
$ 1,550,000
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3124 SE 20TH AVE

Portland, OR, 97202
$ 1,550,000
Bedrooms7 Baths5.0

Monthly Estimate*

$ 9,787

3124 SE 20TH AVE, Portland, OR 97202 - Image 1
3124 SE 20TH AVE, Portland, OR 97202 - Image 2
3124 SE 20TH AVE, Portland, OR 97202 - Image 3
3124 SE 20TH AVE, Portland, OR 97202 - Image 4
3124 SE 20TH AVE, Portland, OR 97202 - Image 5
3124 SE 20TH AVE, Portland, OR 97202 - Image 6
3124 SE 20TH AVE, Portland, OR 97202 - Image 7
3124 SE 20TH AVE, Portland, OR 97202 - Image 8

Multi-Family Home for sale in Portland, OR

for $1,550,000 with 7 bedrooms and 5 full baths. This home was built in 1911 on a lot size of 0.3.

Rare opportunity to own an income-generating property with two detached homes on a spacious 13,000 sq ft RM2-zoned lot in desirable SE Portland. The 1,944 sq ft duplex offers two separate 2-bedroom, 1-bath units, plus a 964 sq ft unfinished basement. The second home provides approximately 1,682 sq ft with 3 bedrooms, 2.5 baths, and an additional 864 sq ft basement. Both homes feature fully fenced yards and share a detached three-car garage, with one space for the duplex and two for the second home. RM2 zoning provides future development flexibility, including potential for a larger, multi-story multi-dwelling project, subject to zoning requirements and buyer verification. An excellent opportunity for investors, owner-occupants, or multi-generational living, with multiple avenues for rental income and long-term growth. Conveniently located just six blocks from New Seasons Market and Clinton Community Garden, with nearby restaurants, coffee shops, parks, and neighborhood amenities. A rare SE Portland property offering immediate income potential, flexibility, and future development possibilities.

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Multi-Family Active

Price

$ 1,550,000

Bedrooms

7

Full Bath

5

Property Type

Multi-Family

Taxes

$ 13,714

Style

Lot Size

0.3

Year Built

1911

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

592486582

Features
General
Sewer PublicSewer
Heating ForcedAir
Roof Composition
Zoning RM2
Garage Spaces 3.0
Year Built 1911
Stories Count 3
Tax Year 2025
Parcel Number R287658
Gross Income 77876.0
County Multnomah
Net Operating Income 61702.0
Operating Expense 16174.0
Property Type MultiFamily
HOA N
Rent Includes None
Status Active
Directions SE Powell Blvd to SE 20th Ave
High School Cleveland
City Portland
Disclosures Disclosure
Number Of Units Total 3
MLS Area _143
Lot Size Square Feet 13068.0
Listing Terms Cash Conventional
Elementary School Abernethy
Tax Annual Amount 13714.94
Middle/Junior High School Hosford
Property Condition Approximately
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description TIBBETTS ADD BLOCK 55 INC 30' X 100' S OF & ADJ LOT 1 LOT 2
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Interior
Basement FullBasement PartiallyFinished
Storage Basement Garage
Hot Water Gas Tank
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit 3 Baths Total 3
Unit 3 Beds Total 3
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3
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Exterior
Parking Features Garage RVAccessParking
Lot Features Level
Water Source PublicWater
Total Parking 9.0
Exterior Description LapSiding
Foundation Details ConcretePerimeter
Lot Dimensions 100' x 130'
Lot Size Acres 0.3
Road Surface Type Paved
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Internal Only
Street Number 1 3124
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* Excluded Features
List By
Cascade Hasson Sotheby's International Realty

Broker

thomas@pdxinternational.com

Email

Affordability Calculator

$10,930
Per Month
90%
10%
0%
Monthly Principal & Interest
$9,787
Monthly Property Taxes
$1,143
Monthly Home Insurance
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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
9/4/2026$1,550,000 Listed Price

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3124 SE 20TH AVE, Portland, OR, 97202 is a Multi-Family Home for sale at $1,550,000 with a lot size of 0.3. 3124 SE 20TH AVE has 7 bedrooms, 5.0 baths, and was built in 1911. The property's zip code is 97202 which is in Portland, OR