653 SW SHERMAN ST Portland, OR $ 492,000
653 SW SHERMAN ST
$ 492,000
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653 SW SHERMAN ST

Portland, OR, 97201
$ 492,000
Bedrooms5 Baths2.0 Sq 2,509

Monthly Estimate*

$ 3,107

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Single Family Home for sale in Portland, OR

for $492,000 with 5 bedrooms and 2 full baths. This 2,509 square foot home was built in 1880 on a lot size of 0.04.

Location, location, location - investors and house hackers take note! This turnkey 5-bedroom Victorian in a high demand area has a documented rental history consistently generating over 3k per month. Excellent proximity to both PSU and OHSU campuses entices a large pool of renters and increases rental value - not to mention presenting opportunities for mid-term rentals. Large common areas like the spacious living room and updated kitchen with quartz countertops and newer stainless steel appliances make this charming Victorian a perfect fit for group living. Other perks include two updated bathrooms on the main and an in-unit laundry room, plus an extremely low-maintenance yard and an impressive history of maintenance, repairs and updates including but not limited to: a new sewer line in 2023, new furnace 2023, much of siding replaced with hardiplank, partial roof replacement 2020, upgraded electrical service, newer flooring and more. All just a short walk from PSU, OHSU and attractive local amenities like the PSU farmer’s market and the Duniway Park track, with inspiring city views, a Mt Hood view from the primary, excellent public transit (Transit Score 87) and a desirable school district. Come tour your next great investment! [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10010174]

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Single Family Active

Price

$ 492,000

Bedrooms

5

Full Bath

2

Property Type

Single Family

Taxes

$ 7,244

Style

Victorian

Lot Size

0.04

Year Built

1880

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

591548893

Features
Interior
Interior Amenities Laundry LuxuryVinylPlank Quartz Skylight TileFloor WalltoWallCarpet WasherDryer WoodFloors
Basement ExteriorEntry PartialBasement PartiallyFinished
Hot Water Gas
Window Features DoublePaneWindows VinylFrames
Total Bathrooms 2.0
Total Bedrooms 5
Total Baths 2
1/2 Baths 0
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General
Sewer PublicSewer
Heating ForcedAir95Plus
Roof Composition
Appliances Dishwasher FreeStandingGasRange FreeStandingRefrigerator Quartz RangeHood SolidSurfaceCountertop StainlessSteelAppliance
Garage Spaces 0
Architectural Style Victorian
Year Built 1880
Stories Count 3
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number R128762
County Multnomah
Property Type Residential
HOA N
Subdivision Name SOUTH PORTLAND
Full Baths 2
Status Active
Directions go south on SW 6th (one-way st.) just south of 405 turn right on Sherman
High School Lincoln
City Portland
Disclosures Disclosure
MLS Area _148
Lot Size Square Feet 1742.0
Listing Terms Cash Conventional
Elementary School Ainsworth
Tax Annual Amount 7244.98
Middle/Junior High School West Sylvan
Property Condition Resale
Virtual Tour https://my.matterport.com/show/?m=iVvDYJnHqmZ
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description CARUTHERS ADD BLOCK 36 S 20' OF W 27' OF E 77' OF LOT 3 W 27'
ADU False
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Exterior
Exterior Amenities Porch Yard
Parking Features OnStreet
Lot Features Level
Water Source PublicWater
Total Parking 0
Exterior Description Asbestos CementSiding ShakeSiding
Building Area Total 2509.0
Lot Size Acres 0.04
Road Surface Type Paved
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Internal Only
Street Number 1 653
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* Excluded Features
List By
Think Real Estate

Broker

cchesnek@gmail.com

Email

Affordability Calculator

$3,710
Per Month
84%
16%
0%
Monthly Principal & Interest
$3,107
Monthly Property Taxes
$604
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
1949242 Elementary School
1948992 Middle School
Lincoln High School High School
Pricing History
DatePricePrice ChangeDescription
9/18/2026$492,000 Listed Price

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653 SW SHERMAN ST, Portland, OR, 97201 is a Single Family Home for sale at $492,000 with 2,509 sqft and a lot size of 0.04. 653 SW SHERMAN ST has 5 bedrooms, 2.0 baths, and was built in 1880. The property's zip code is 97201 which is in Portland, OR