3504 SE Sherman Portland, OR $ 699,000
3504 SE Sherman
$ 699,000
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3504 SE Sherman

Portland, OR, 97214
$ 699,000
Bedrooms2 Baths2.0 Sq 2,006

Monthly Estimate*

$ 4,304

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Multi-Family Home for sale in Portland, OR

for $699,000 with 2 bedrooms and 2 full baths. This 2,006 square foot home was built in 1912.

Live smart, earn more, and reimagine the possibilities in SE Portland. Vacant and ready for immediate occupancy, this charming 1912 duplex offers a rare opportunity to set your own rents, select your tenants, or create a flexible living scenario from day one. Ideally located on a quiet cul-de-sac in the sought-after Richmond neighborhood, just blocks from both Hawthorne and Division.This legally divided duplex is well-suited for owner-occupants, investors, or multi-generational living. Main level unit (3504) features classic hardwood floors, abundant natural light, and a spacious layout that lives like a true Portland bungalow. Upper unit (3506) is a well-appointed 1 bed/1 bath with private balcony access, ideal for rental income or extended living.Property features include hardwood floors, tiled bathrooms, private covered outdoor spaces (porch and balcony), and a shared 728 sq ft basement with on-site laundry and dedicated storage. Large backyard offers room for gardening or future development potential (buyer to verify). Improvements include professional-grade drainage system/drywell, sewer line, roof, reinforced detached garage with new door, updated plumbing and electrical, exterior handrail replacement and paint. Both units are currently vacant, offering the opportunity to reset rents and optimize performance. Potential to continue as a duplex or explore conversion to a single-family residence (buyer to perform due diligence). Enjoy close proximity to SE Portland’s popular dining, shopping, and local amenities while tucked away on a low-traffic street.

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Multi-Family Active

Price

$ 699,000

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

116919276

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 Active
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 Active
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
Keller Williams Realty Professionals

Broker

rochelle@diverserg.com

Email

Affordability Calculator

$4,889
Per Month
88%
12%
0%
Monthly Principal & Interest
$4,304
Monthly Property Taxes
$585
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
1949937 Elementary School
1950530 Middle School
Cleveland High School High School
Pricing History
DatePricePrice ChangeDescription
4/15/2026$699,000 Listed Price

Map


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3504 SE Sherman, Portland, OR, 97214 is a Multi-Family Home for sale at $699,000 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