1536 SE 21ST AVE

Portland, OR 97214

Pending

Multifamily

Virtual Tour

$685,000

Excellent investment opportunity in one of Portland's most in-demand rental markets: half a block from SE Hawthorne. This 1922 Bungalow has been rented as a non-conforming duplex for years with two income-generating units, offering flexibility for an owner-occupant, immediate lease-up, or short-term rental conversion. The lower level complete with… Read MoreRead Less

Listing courtesy of Urban Nest Realty.

Listing Snapshot

Days Online

Last Updated

Jul 23, 2026

Square Ft.

1,974

Lot Size

0.11 Acres

Year Built

1922

MLS Number

695697071

30 Days Snapshot Of 97214

$767k

+7%

(avg) sold price

+19%

homes sold

-47%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road Surface Type: Paved

Basement

Basement: ExteriorEntry, FullBasement, SeparateLivingQuartersApartmentAuxLivingUnit

Building

Building Area Total: 1974, Built in 1922, Storage: Garage, Stories: 1, Unit Type Type: UnitTypeType1, UnitTypeType2

Community

Community Features: AllLandscaping

Cooling

Cooling: None

Disclosures

Disclosures: Disclosure

Expenses

Operating Expense: $10,566

Exterior Features

Exterior Description: Cedar

Foundation

Foundation Details: ConcretePerimeter

Garage

Garage Spaces: 1

Heating

Heating: ForcedAir95Plus

Income

CAP Rate: 3.92, Gross Income: $37,440, Gross Rent Multiplier: 18.3, Net Operating Income: $26,874

Lot

Size Acres: 0.11, Size Range: SqFt5000to6999, Size Square Feet: 4,791, Size: 5,000 to 6,999 SqFt

Miscellaneous

Investor Information: ProfitLossStatement, RentRecords

Parking

Features: Driveway, OffStreet, 1 total parking spot

Property

Number Of Units Total: 2, Property Condition: UpdatedRemodeled, Zoning: R5

Roof

Roof: Composition

Security Features

Features: Sidewalk

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $7,667, Legal Description, Tax Year: 2025

Unit One

Actual Rent: $2,395, Area: 1176, Features: Fireplace, HardwoodFloors, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom

Unit Two

Actual Rent: $1,200, Area: 798, Features: Refrigerator, Unfurnished, WasherDryer, Units Total: 1, 1 total bathroom, 1 total bedroom

Utilities

Fuel Description: Gas, Hot Water Description: Electricity, ENERGYSTARQualifiedEquipment, Water Source: PublicWater

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than eXp Realty, LLC are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on Jul 23, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on Jul 23, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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1536 SE 21ST AVE

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