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Residential Income Property with Tiny Homes
For Sale
$1,195,000

3324 Southeast 24th Avenue, Portland, OR 97202

Updated 4-bed main home plus three detached tiny homes with private access and full utility hookups.

Property Size1,640 SF
Lot Size0.11 Acres
Price / SF$728.66
Days on Market459

Property Features for 3324 Southeast 24th Avenue

General Information

Standard status Active
Size 1,640 SF
Lot size 0.11 Acres
Property subtype Multi Family
Zoning CM2

Additional Details

Business Included Yes
Utilities to Site Yes
Sprinkler System Yes
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $3,971

Amenities

1500
Composition
Lap Siding

Building Details

Year Built 1904
Listing Agency: Kelly Right Real Estate of Portland, LLC
Listed By: Jacob Serrill · License #201228311
Source: Compass
Added: May 8, 2025 Changed: Aug 8 Last Checked: Aug 8 at 12:13PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kelly Right Real Estate of Portland, LLC

Investment Insights

Based on property information with market context.

This updated residential income property includes a fully renovated 4-bedroom, 2-bath main house plus three detached tiny homes. Each tiny home has full utility hookups and private access, creating multiple independent rental units on one site. The main home features an extensively renovated kitchen and bathrooms, along with all-new electrical and plumbing, new mini-splits, and a fire suppression system. Additional exterior improvements include fresh paint, and the backyard is landscaped with a courtyard, gazebo, and communal gathering space.

The property is zoned CM2 and is described as permitted for year-round short-term rental use. It is located in the Hosford-Abernethy neighborhood, just minutes from downtown.

Key Highlights

  • Updated 4BD/2BA home with approx. 1,500 SF on a 5,000 SF lot
  • Three detached tiny homes on private access, each with full utility hookups
  • Zoned CM2 and permitted for year‑round short term rental use

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Carpet & Flooring Store Home Appliance Store Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Turnkey business
Opportunity
Yes
Sprinkler system
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,639
Businesses Nearby

Demographics for 97202, OR

43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Updated 4-bed main home plus three detached tiny homes with private access and full utility hookups.
Where is this quadplex located?
The property is located at 3324 Southeast 24th Avenue Portland, OR.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Updated 4BD/2BA home with approx. 1,500 SF on a 5,000 SF lot; Three detached tiny homes on private access, each with full utility hookups; Zoned CM2 and permitted for year‑round short term rental use
More about this property
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