13414 Nw SHERRY St, Portland, OR 97229

• 2,485 sqft

Property Description

*Don't Walk the Property* Cap rate is 6.2% with current rental income. 5-10 additional units can be added! Recent remodeling includes all new water and sewer line, new tankless water heaters, new electrical panels. Exceptional investment and development opportunity in the heart of Cedar Mill! This remodeled duplex features two spacious 3-bedroom, 1-bath units, offering strong rental appeal in a highly desirable location. A detached shop provides additional income and yard care, currently leased for $600/month. Situated on a generous, multi-family zoned lot, the property offers significant upside with the potential to add approximately 5-10 additional units while retaining the existing improvements. Estimated 9–12 unit project is achievable while keeping the existing structure. (buyer to complete all due diligence with Washington County). Minutes to Nike, Intel, downtown Portland, shopping, restaurants, parks, and public transit, this is a rare opportunity to own a cash-flowing asset with outstanding future development potential.

Listing Status:

Active

Date Added:

July 22, 2026

Data Last Updated:

August 6, 2026 at 1:40AM

Listing Office:

Kevin Morris Realty : 503-452-5400

Listing Agent:

Rachelle Kammann : 503-314-9230

MLS ID:

741838046

Interior

• Heating: Forced air

Exterior

• General: CedarLap siding
• Parking: DrivewayGarage

Construction

• Roofing: Composition

Location

• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Washington

Lot

• Zoning: R24-40GREDVIG'S SUBDIVISIONBLOCK 3LOT 2 & PT 1R636093

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.