USAORPortlandRichmond2337 Se 48Th Ave
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$1,150,000

For Sale

2 months ago

2337 Se 48Th Ave, Portland, OR

House

MLS® 526215412

0 Bed

0 Bath

--

6 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage Yes
Taxes $16,018
Days Active 57
Lot Size 0.34 Acres
Approx. Age 1972
MLS® Number 526215412

Property Address: 2337 Se 48th Ave, Portland, OR, 97215-3813

Average square foot calculated using Size range provided by listing agent.

Description

Rare six-unit plex in inner Southeast Portland, consisting of three side-by-side duplex buildings on a 15, 000 SF lot. Each 2-bed/1-bath garden-style flat is approximately 960 SF and lives larger than typical SE rentals, with in-unit washer/dryers, dishwashers, full appliance packages, and off-street parking including three attached garage spaces plus three paved driveway spaces.For investors, the property is 100% occupied with a long-standing tenant base, professional management, and stabilized income in the Southeast Portland submarket. Current scheduled rents (with increases set for August 2026) and recent financials show strong cash flow and an appraised “Market Value As Is” of $1, 150, 000 ($192, 000 per unit), supported by both income and sales comparison approaches. Zoning R2.5 allows duplex, triplex, fourplex and other multi-dwelling structures, offering long-term flexibility in a dense, walkable neighborhood.For residential or “house-hack” buyers, Carolina offers the chance to live in one spacious 2-bed unit and offset housing costs with steady income from the other five units. Residents enjoy a quiet, tree-lined street near SE Division, SE 50th and SE Hawthorne, with quick access to TriMet, neighborhood cafes, Safeway, Eastport Plaza, and Providence Portland Medical Center—making this both a comfortable place to call home and a durable, income-producing asset in one of Portland’s most desirable close-in eastside locations.
MLS® Number526215412
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1972
BasementCrawl Space
DrivewayAttached, Paved
Garage Spaces
HeatBaseboard
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 14, 2026List Date
$1,150,000List Price
  • Commute

Commute

Starting Address
Destination Address
2337 Se 48Th Ave, Portland, OR

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