5 Beds

4 Baths

1,883 SqFt

Active

Fully remodeled property in SE Portland Perfect for Multi-Generational Living or Rental Income. This beautifully property that was taken back to the basic structure of the building and fully remodeled features two separate, fully renovated units in the heart of vibrant SE Portland, offering a great solution for multi-generational living or an excellent rental opportunity. The upstairs unit is a spacious three-bedroom, two-bathroom home with a bright and airy living room, a fully remodeled kitchen with stainless steel appliances, and quartz countertops. The modern updates continue with brand-new bathrooms, fresh drywall, paint, electrical, plumbing, and HVAC systems. A private backyard with a patio provides a perfect space for outdoor relaxation or entertaining.The downstairs unit is a fully permitted ADU with two bedrooms and two bathrooms. It’s been completely remodeled with a sleek kitchen, built-in appliances, and stylish finishes throughout. Like the upstairs unit, it has been updated with new drywall, paint, electrical, plumbing, and HVAC systems, offering a comfortable, modern living space. This unit is perfect for extended family, long-term tenants, or short-term rental opportunities such as Airbnb.Located just two blocks from a local school and within walking distance to restaurants, parks, and shops, this property is ideally situated in one of Portland’s most desirable neighborhoods. Whether you’re looking for a home that accommodates multiple generations or an investment property with rental potential, this updated property offers both flexibility and value. Seller offering 2:1 interest rate buy down to help lower monthly mortgage payment.

Property Details
Price $859,000
Bedrooms 5
Full Baths 4
Total Baths 4
Property Style Traditional
Acres 0.12
Stories 2
Features LaminateFlooring,Quartz,SeparateLivingQuartersApartmentAuxLivingUnit
Exterior Features Patio,Yard
Year Built 1905
Roof Composition
Heating ForcedAir
Foundation ConcretePerimeter
Parking Description Driveway
Parking Spaces 1
Garage spaces 1
Geographic Data
Directions 31st and Cora Ave
County Multnomah
Latitude 45.492359
Longitude -122.633324
Market Area _143
Address Information
Address 4224 SE 31ST AVE
Postal Code 97202
City Portland
State OR
Country United States
Listing Information
Listing Office Homebase Real Estate Group
Listing Agent Aya Godschalk
Terms Cash,Conventional,FHA,VALoan
School Information
Elementary School Grout
Middle School Hosford
High School Cleveland
MLS® Information
Days on market 53
MLS® Status Active
Listing Date Dec 31, 2024
Listing Last Modified Feb 22, 2025
Tax ID R195757
Tax Year 2024
Tax Annual Amount 4722
MLS® Area _143
MLS® # 24454224

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