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4220 SE IVON ST

Portland, OR 97206

Pending

Multifamily

Virtual Tour

$550,000

Discover a fantastic investment or owner-occupant opportunity in this 1967 side-by-side duplex perfectly situated in SE Portland’s highly desirable Richmond neighborhood. Perched on a quiet hill, the property offers a sense of privacy, along with dedicated driveways for both units—an uncommon and valuable feature in the area. Each unit features… Read MoreRead Less

Listing courtesy of Living Room Realty.

Listing Snapshot

Days Online

Last Updated

Jun 28, 2025

Square Ft.

1,588

Lot Size

0.12 Acres

Year Built

1967

MLS Number

793658328

30 Days Snapshot Of 97206

$497k

(avg) sold price

homes sold

+30%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road Surface Type: Paved

Basement

Basement: CrawlSpace

Building

Building Area Total: 1588, Built in 1967, Stories: 1, Unit Type Type: UnitTypeType1, UnitTypeType2

Cooling

Cooling: None

Expenses

Operating Expense: $17,217

Exterior Features

Exterior Description: Cedar, LapSiding

Heating

Heating: Baseboard

Income

CAP Rate: 5.86, Gross Income: $43,620, Gross Rent Multiplier: 12.61, Net Operating Income: $32,204

Lot

Features: Level, Sloped, Trees, Size Acres: 0.12, Size Range: SqFt5000to6999, Size Square Feet: 5,227, Size: 5,000 to 6,999 SqFt

Miscellaneous

Investor Information: AccordingToOwner

Parking

Features: OffStreet, 2 total parking spots

Property

Number Of Units Total: 2, Property Condition: Existing, Zoning: R2.5

Roof

Roof: Composition

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $5,981, Legal Description, Tax Year: 2024

Unit One

Actual Rent: $1,850, Area: 800, Features: Refrigerator, Storage, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom

Unit Two

Area: 788, Features: Dishwasher, Refrigerator, WasherDryer, WoodFloors, Units Total: 1, 1 total bathroom, 2 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 © 2025 RMLS, Portland, Oregon.

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

This content last updated on Jun 28, 2025. 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 Jun 28, 2025. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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4220 SE IVON ST

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