1. Oregon
2. Portland
3. 118 Ne RUSSET St

118 Ne RUSSET St, Portland, OR 97211

• 2 beds |
• 1 bath |
• 936 sqft

Property Description

Don’t miss this rare investment opportunity at 118 NE Russet Street—an original 1927 home located in Portland’s desirable Piedmont neighborhood. This 2-bedroom, 1-bath property is loaded with character, featuring vintage charm throughout. While it needs updating, the solid construction and functional layout make it the perfect project for flippers, developers, or buyers looking to build serious equity. The full, unfinished basement offers exceptional expansion potential—ample space to add at least two additional bedrooms, a bathroom, and bonus living areas. The home also includes a fully fenced yard, a detached 312 sq ft garage, and a long driveway for convenient off-street parking. A separate tax lot (R209204) is included in the sale, adding further value and possibilities. Situated near parks, restaurants, shops, and major transit routes, this property combines location, flexibility, and upside. Whether you’re renovating for resale, income property, or personal use, this is a can’t-miss opportunity to reimagine a classic Portland home and maximize your return.

Listing Status:

Active

Date Added:

June 2, 2025 at 05:00AM

Listing Office:

Cascade Hasson Sotheby's International Realty : 503-335-9898

Listing Agent:

Jim McCartan : 503-314-2100

MLS ID:

113722725

Interior

• General: Ceiling fanLaminate flooringWallto wall carpetWasher dryer
• Appliances: Free standing rangeFree standing refrigeratorRange hood
• Basement: Unfinished
• A/C: Central air
• Heating: Forced air
• Fireplace: Wood burningFireplaceFireplaces: 1
• Disability Feature: Bathroom cabinetsNatural lighting

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Jim McCartan, Cascade Hasson Sotheby's International Realty