$1,200,000

3204 Sw 10TH Ave, Portland, OR 97239

4,116 sqft

Multi-Family Home
Built in 1953
5,227sqft lot
—— car garage
$292/sqft
Listed 11 days ago

Property Description

Exceptional investment opportunity just two blocks from OHSU, offering strong and consistent rental demand from medical residents, dental and nursing students, and nearby tech professionals. This well-maintained multi-unit property features extensive updates throughout, including hardwood flooring, quartz countertops, and updated cabinetry in both kitchens and baths. All units are equipped with stainless steel appliances, including dishwashers and modern stainless exhaust hoods, along with high-efficiency washers and dryers for added tenant convenience.The property offers desirable parking with space for two vehicles per unit, a rare feature for the area. Two units feature fireplaces, while the building’s layout provides a quiet and private setting with two units facing north and two units oriented southwest for optimal light and livability. Additional upgrades include newer double-pane windows, a newer hot water heater, and a roof replaced approximately two years ago, helping to minimize future capital expenditures.Cadet electric wall heaters provide efficient heating, and the property’s proximity to OHSU ensures strong occupancy potential with long-term tenants. Located in a highly sought-after area with excellent access to transit, downtown Portland, and major employment centers, this property presents a turnkey, income-producing opportunity with long-term upside.

Listing Status:: Active
Date Added:: March 24, 2026
Data Last Updated:: April 5, 2026 at 2:42AM
Listing Office:: Better Homes & Gardens Realty : 503-303-4141
Listing Agent:: Mitchell Peterson : 503-709-3739
MLS ID:: 433873883

Basement: Full basement
A/C: None
Heating: Baseboard

General: Wood siding
Parking: DrivewayOn street

Roofing: Membrane
General: Slab

Road/Access: Paved
Originating MLS: Regional Multiple Listing ServiceInc.
County: Multnomah

Zoning: CSPORTLAND CITY HMSTDBLOCK 82LOT 8R247306
View: View

Water: Public water
Sewer: Public sewer

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Mitchell Peterson , Better Homes & Gardens Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Ainsworth Elementary School

2425 SW Vista Ave, Portland, OR, 97201

Grades KG-5

0.85 miles away

Robert Gray Middle School

5505 SW 23rd Ave, Portland, OR, 97239

Grades 6-8

1.31 miles away

Lincoln High School

1750 SW Salmon St, Portland, OR, 97205

Grades 9-12

1.33 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.