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Duplex with RM3 Zoning

3719 S HOOD AVE, Portland, OR 97239

For Sale
$595,000

The RM3 designation allows for potential development of additional units.

Property SizeContact for details
Days on Market139

Property Features for 3719 S HOOD AVE

General Information

Standard status Active
Property subtype MULTI_FAMILY
Zoning RM3

Site & Location

Neighborhood South Portland
Highway Access Yes

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $8,732

Building Details

Year Built 1892
Listing Agency: PNW Realty Associates LLC
Listed By: Steve Groom · License OR #200203182
Source: Woodlandwa
Added: Jun 29 Changed: Nov 9 Last Checked: Nov 12 at 8:32PM

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 PNW Realty Associates LLC

Rey
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Investment Insights

Based on property information with market context.

This duplex was built in 1892 and carries RM3 zoning, which allows for potential construction of additional units.

The property is in Portland, with proximity to OHSU, PSU, and downtown. It sits above South Waterfront, offers views of Mt. Hood, and has freeway access. An escrow development packet is available.

Key Highlights

  • RM3 zoning allows potential construction of additional units
  • Built in 1892
  • Near OHSU, PSU, and downtown Portland

Property Analytics

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Open Analytics

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

5,413
Businesses Nearby

Demographics for 97239, OR

18,323
Population
9,963
Households
1.8
Avg Household Size
39
Median Age
74%
College-Educated
99%
High-School Grad
3.6 sq mi
ZIP Area
5,090
Density / Sq Mi
$108,795
Median Household Income
$67,384
Median Earnings
$1,749
Median Rent
$713,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Duplexes in Portland, OR

$322 Jul
$324 Aug
$315 Sep
$314 Oct

Properties on Market for Duplexes in Portland

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - The RM3 designation allows for potential development of additional units.
Where is this duplex located?
The property is located at 3719 S HOOD AVE Portland, OR.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: RM3 zoning allows potential construction of additional units; Built in 1892; Near OHSU, PSU, and downtown Portland
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Includes: Price & PSF · Cap rate · Location · Zoning

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