3204 SW 10TH AVE Portland, OR $ 1,200,000
3204 SW 10TH AVE
$ 1,200,000
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3204 SW 10TH AVE

Portland, OR, 97239
$ 1,200,000
Bedrooms6 Baths6.0 Sq 4,116

Monthly Estimate*

$ 7,389

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Multi-Family Home for sale in Portland, OR

for $1,200,000 with 6 bedrooms and 6 full baths. This 4,116 square foot home was built in 1953 on a lot size of 0.12.

Exceptional investment opportunity just two blocks from OHSU, offering strong and consistent rental demand from medical residents, dental and nursing students, and nearby tech professionals. This well-maintained multi-unit property features extensive updates throughout, including hardwood flooring, quartz countertops, and updated cabinetry in both kitchens and baths. All units are equipped with stainless steel appliances, including dishwashers and modern stainless exhaust hoods, along with high-efficiency washers and dryers for added tenant convenience.The property offers desirable parking with space for two vehicles per unit, a rare feature for the area. Two units feature fireplaces, while the building’s layout provides a quiet and private setting with two units facing north and two units oriented southwest for optimal light and livability. Additional upgrades include newer double-pane windows, a newer hot water heater, and a roof replaced approximately two years ago, helping to minimize future capital expenditures.Cadet electric wall heaters provide efficient heating, and the property’s proximity to OHSU ensures strong occupancy potential with long-term tenants. Located in a highly sought-after area with excellent access to transit, downtown Portland, and major employment centers, this property presents a turnkey, income-producing opportunity with long-term upside.

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Multi-Family Active

Price

$ 1,200,000

Bedrooms

6

Full Bath

6

Property Type

Multi-Family

Taxes

$ 16,881

Style

Lot Size

0.12

Year Built

1953

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

433873883

Features
General
Sewer PublicSewer
Heating Baseboard
Cooling None
Roof Membrane
Zoning CS
Year Built 1953
Stories Count 3
Tax Year 2025
Parcel Number R247306
Gross Income 99948.0
County Multnomah
Net Operating Income 78048.0
Operating Expense 21903.0
Property Type MultiFamily
HOA N
Subdivision Name HMSTD
Rent Includes Sewer TrashCollection Water
Status Active
Directions SW Gibbs/SW 10th Ave
High School Lincoln
City Portland
Disclosures Disclosure
Number Of Units Total 4
MLS Area _148
Lot Size Square Feet 5227.0
Listing Terms Cash Conventional
Elementary School Ainsworth
Tax Annual Amount 16881.45
Middle/Junior High School West Sylvan
Property Condition UpdatedRemodeled
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description PORTLAND CITY HMSTD BLOCK 82 LOT 8
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Interior
Basement FullBasement
Hot Water Electricity
Unit 1 Baths Total 2
Unit 1 Beds Total 2
Unit 2 Baths Total 2
Unit 2 Beds Total 2
Unit 3 Baths Total 1
Unit 3 Beds Total 1
Unit 4 Baths Total 1
Unit 4 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Exterior
Parking Features Driveway OnStreet
Lot Features GentleSloping Private Seasonal Trees
Water Source PublicWater
Exterior Description WoodSiding
Foundation Details Slab
Building Area Total 4116.0
Lot Size Acres 0.12
Road Surface Type Paved
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Internal Only
Street Number 1 3204
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* Excluded Features
List By
Better Homes & Gardens Realty

Broker

Mitch@mitchpetersonrealty.com

Email

Affordability Calculator

$8,795
Per Month
84%
16%
0%
Monthly Principal & Interest
$7,389
Monthly Property Taxes
$1,407
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.
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Nearby
1949242 Elementary School
1948992 Middle School
Lincoln High School High School
Pricing History
DatePricePrice ChangeDescription
3/24/2026$1,200,000 Listed Price

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3204 SW 10TH AVE, Portland, OR, 97239 is a Multi-Family Home for sale at $1,200,000 with 4,116 sqft and a lot size of 0.12. 3204 SW 10TH AVE has 6 bedrooms, 6.0 baths, and was built in 1953. The property's zip code is 97239 which is in Portland, OR