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    2938 SE Washington St Portland, OR 97214

    For Sale
    $1,275,000

    MULTI_FAMILY - Portland, OR

    Property size:
    4,650 SF
    Lot size:
    0.14 Acres
    Days on Market:
    15
    Last Refresh:
    Dec 7 at 4:06 am

    Property Features for 2938 SE Washington St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R2.5
    Rooms
    Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
    Bedrooms
    2
    APN
    R175666
    Size
    4,650 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1949
    Floors in Building
    2
    Number of units
    4
    Roof type
    Composition

    Kelly Right Real Estate of Portland (509) 489-7000 [email protected]

    Listing agent Jordan Tietz (503) 719-6056

    Listing date Nov 23, 2025

    MLS# 554791159 Listing URL

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Fourplex in Prime Location

    This fourplex is located in an inner Southeast Portland location. The property was completely remodeled in 2025. Updates include a new roof, new electric panels, all new plumbing, new kitchens, new bathrooms, refinished hardwood floors, new paint, windows, and brand new appliances. Each unit features spacious, dry, and private bonus rooms in the basement, along with its own water heater, washer/dryer set, and separate furnace/mini split. The property is zoned R2.5 and the lot size is 0.14 acres. The building size is 4,650 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.635103
    Latitude
    45.518404

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    FAQs

    What type of property is this?
    Quadplex - Completely remodeled fourplex in inner Southeast Portland with modern updates.
    Where is this quadplex located?
    The property is located at 2938 SE Washington St Portland, OR.
    What is the asking price?
    The asking price for this property is $1,275,000.
    What are key features of this property?
    This property features: - Rare 4-Plex in desirable inner SE location.; - Completely remodeled in 2025 with new roof, electric panels, plumbing, kitchens, bathrooms, refinished hardwood floors, paint, windows, and appliances.; - Modern and tastefully updated.
    (503) 719-6056
    Request Owner's contact information
    2938 SE Washington St Portland, OR 97214
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    Portland, OR 97214
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2938 SE Washington St Portland, OR 97214
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