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    3504 SE Sherman St Portland, OR 97214

    For Sale
    $690,000

    MULTI_FAMILY - Portland, OR

    Lot size:
    0.11 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 3504 SE Sherman St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R5
    Rooms
    Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
    Bedrooms
    2
    APN
    R277058
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1912
    Floors in Building
    3
    Number of units
    2
    Roof type
    Composition

    Keller Williams Realty Professionals (503) 546-9955 [email protected]

    Listing agent Rochelle Yukich (503) 546-9955

    Listing date Nov 24, 2025

    MLS# 119505119 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

    Richmond Duplex: Investment Opportunity

    This charming 1912 duplex is located in the heart of Richmond, Portland, ideally situated on a quiet cul-de-sac between Hawthorne & Division. The property is a multifamily residential income property. Each legally divided unit features 1 bed and 1 bath, hardwood floors, tiled bathrooms, and private covered outdoor spaces including a porch and balcony. A 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 a new door, and updated plumbing and electrical systems. The exterior has been painted by the previous owner. The large backyard offers potential for gardening or ADU/expansion. The property has an excellent previous rental history with strong financials when rented: Gross Income $38,940 and Net Income $27,170. The property is ideal for investors, house-hackers, or multi-generational living. It could be converted back to a single-family residence. The lot size is 0.11 acres. The zoning is R5. This property is a rare investment opportunity in one of SE Portland's most desirable neighborhoods.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.628383
    Latitude
    45.505902

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    FAQs

    What type of property is this?
    Duplex - Charming 1912 duplex in the heart of Richmond.
    Where is this duplex located?
    The property is located at 3504 SE Sherman St Portland, OR.
    What is the asking price?
    The asking price for this property is $690,000.
    What are key features of this property?
    This property features: - Excellent investment opportunity in a desirable SE Portland location with strong rental history: Gross Income $38,940 | Net Income $27,170 | Cap Rate 4.31%.; - Legally divided duplex with two 1 bed/1 bath units, each featuring hardwood floors, tiled bathrooms, and private covered outdoor spaces (porch & balcony).; - Located on a quiet cul-de-sac between Hawthorne & Division.
    (503) 546-9955
    Request Owner's contact information
    3504 SE Sherman 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
    3504 SE Sherman St Portland, OR 97214
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