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    3204 S Kelly Ave Portland, OR 97239

    For Sale
    $650,000

    MULTI_FAMILY - Portland, OR

    Property size:
    2,238 SF
    Lot size:
    0.03 Acres
    Days on Market:
    9
    Last Refresh:
    Dec 6 at 5:06 am

    Property Features for 3204 S Kelly Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM3
    Rooms
    Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
    Bedrooms
    4
    APN
    R129044
    Size
    2,238 SF
    Lot size
    0.03 Acres

    Utilities

    Heating system
    Forced Air, Zoned

    Building Details

    Year built
    1889
    Floors in Building
    3
    Number of units
    2
    Roof type
    Composition

    Inhabit Real Estate (503) 762-7958 [email protected]

    Listing agent Clayton Williams (503) 762-7958

    Listing date Nov 28, 2025

    MLS# 672335585 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

    Victorian Home Near South Waterfront

    This two-unit Queen Anne Victorian home is located near OHSU, the Tram, South Waterfront, and the Gibbs Street Pedestrian Bridge. The property offers a blend of character and modern features. The main and upper levels comprise a 3-bed, 2-bath residence with high ceilings and oversized original windows providing natural light. Period details include fir floors, stained glass, and hand-carved newel posts. The updated kitchen features stainless appliances. Upstairs bedrooms offer city and river views. Outdoor living is facilitated by a large, partially covered deck and a private fenced courtyard. The ground-level unit includes a 1-bed, 1-bath dwelling with a full kitchen, living area, and a dedicated entry. Whole-home improvements include separate electric meters, a newer sewer line, roof and gutters, and separate laundry facilities for each unit. The property, situated on a 0.03-acre lot, offers flexible living options, including owner-occupation with rental income, multi-generational living, or investment. The property is located in one of Portland's oldest neighborhoods. The total property size is 2238 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.674572
    Latitude
    45.49994

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    FAQs

    What type of property is this?
    Duplex - Two-unit Victorian with modern updates near OHSU and waterfront.
    Where is this duplex located?
    The property is located at 3204 S Kelly Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Prime location near OHSU, Tram, South Waterfront, and Gibbs Street Pedestrian Bridge.; - Versatile two-unit property suitable for owner-occupancy with rental income, multi-generational living, or investment.; - Updated with newer sewer line, roof and gutters, and separate laundry facilities for each unit.
    (503) 762-7958
    Request Owner's contact information
    3204 S Kelly Ave Portland, OR 97239
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    Portland, OR 97239
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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
    3204 S Kelly Ave Portland, OR 97239
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