$690,000

3504 Se SHERMAN St, Portland, OR 97214

2 beds |
2 baths |
2,006 sqft

Single-Family Home
Built in 1912
—— sqft lot
1 car garage
$344/sqft
Listed 4 days ago

Property Description

Charming 1912 duplex in the heart of Richmond, ideally situated on a quiet cul-de-sac between Hawthorne & Division! Each legally divided 1 bed/1 bath unit features hardwood floors, tiled bathrooms, and private covered outdoor spaces (porch & balcony). Shared 728 sq ft unfinished basement includes on-site laundry and dedicated storage for each unit. Upgrades include a new sewer line, reinforced detached garage with new door, updated plumbing/electrical and exterior paint (by previous owner) Large backyard offers potential for gardening or ADU/expansion (buyer to verify). Excellent previous rental history with strong financials when rented: Gross Income $38,940 | Net Income $27,170 | Cap Rate 4.31%. Ideal for investors, house-hackers, or multi-gen living. Could be converted back to single-family. A rare investment opportunity in one of SE Portland’s most desirable neighborhoods!

Listing Status:: Active
Date Added:: October 19, 2025 at 05:00AM
Listing Office:: Keller Williams Realty Professionals : 503-546-9955
Listing Agent:: Rochelle Yukich : 503-926-2469
MLS ID:: 184222225

Appliances: Free standing rangeFree standing refrigeratorGas appliances
Basement: Full basementPartially finished
A/C: None
Heating: Forced air

General: Lap sidingWood sidingCovered deckYard
Style: BungalowCraftsman
Parking: DrivewayOn streetParking spaces: 1

Roofing: Composition
Windows: WoodFrames

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

Zoning: R5STRATFORD-SYDNEY ADDBLOCK 2 TL 13100R277058

Water: Public water
Sewer: Public sewer

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Rochelle Yukich, Keller Williams Realty Professionals

Monthly Payment

$Est. Payment

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

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Location

Schools Nearby

Richmond Elementary School

2276 SE 41st Ave, Portland, OR, 97214

Grades PK-5

0.41 miles away

Hosford Middle School

2303 SE 28th Pl, Portland, OR, 97214

Grades 6-8

0.42 miles away

Cleveland High School

3400 SE 26th Ave, Portland, OR, 97202

Grades 9-12

0.73 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.