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4720/4724 SE 37TH AVE

Portland, OR 97202

$639,000

Well maintained mid-century duplex in near Reed College. Solid earner, strong rents, generous sq ft and attractive upgrades. One 1 bedroom unit and one 2 bedroom unit. Both units feature bamboo floors, dishwashers, stack washer and dryers, tile floors and private front and back doors.. The two bedroom unit has… Read MoreRead Less

Listing courtesy of High Five Properties.

Listing Snapshot

Days Online

Last Updated

May 8, 2026

Square Ft.

1,260

Year Built

1954

MLS Number

558643141

30 Days Snapshot Of 97202

$667k

-4%

(avg) sold price

-10%

homes sold

-25%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road Surface Type: Paved

Basement

Basement: CrawlSpace

Building

Building Area Total: 1260, Built in 1954, Stories: 1, Unit Type Type: UnitTypeType1, UnitTypeType2

Community

Community Features: AllLandscaping

Cooling

Cooling: MiniSplit

Disclosures

Disclosures: Disclosure, Other Disclosures: Ext Siding, LBP

Expenses

Operating Expense Scheduled: 7500, Operating Expense: $7,118

Exterior Features

Exterior Description: CementSiding

Foundation

Foundation Details: Slab

Heating

Heating: Baseboard, MiniSplit, WallHeater

Income

CAP Rate: 5.55, Gross Income: $42,600, Gross Rent Multiplier: 15, Gross Scheduled Income: $44,940, Net Operating Income: $35,482, Net Scheduled Income: 37440

Lot

Features: Level, Size Range: SqFt3000to4999, Size: 3,000 to 4,999 SqFt

Miscellaneous

Investor Information: Leases

Parking

Features: Driveway, 2 total parking spots

Property

Number Of Units Total: 2, Property Condition: Approximately, Zoning: 2.5

Roof

Roof: Composition

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $4,532, Legal Description

Unit One

Actual Rent: $1,850, Area: 710, Features: Dishwasher, HardwoodFloors, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom

Unit Two

Actual Rent: $1,700, Area: 550, Features: AirConditioning, Dishwasher, HardwoodFloors, WasherDryer, Units Total: 1, 1 total bathroom, 1 total bedroom

Utilities

Fuel Description: Electricity, Hot Water Description: Electricity, Water Source: PublicWater

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Living Room Realty are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on May 8, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on May 8, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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4720/4724 SE 37TH AVE

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