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Property Description

First offer received.BEST & FINAL TO BE SUBMITTED NO LATER THAN 7PM MONDAY 8/4/25. OPEN HOUSE Sunday 8/3 from 2-4pm.Sunlight, Character & Cash Flow-This Plex Has It All!Step into a timeless Portland duplex that blends charm w/incredible flexibility & income potential. Bursting w/natural light & unique architectural touches, this property is a rare opportunity for owner-occupants, investors, or multi-generational living.Unit 1 spans 1,798sf over two floors & features 3 beds, 2 baths, AC, gleaming wood flrs, tall ceilings, & a stunning wraparound deck w/trellis. The spacious primary suite opens through French doors to a private deck--your own peaceful retreat.This unit is now rent-ready, w/an estimated monthly income of $2,800.Unit 2 offers 1,329 sf across 2 levels, w/2 beds & 2 baths. This unit wows w/architectural charm--a circular staircase, a round space, wd flrs, high ceilings,& yet another sun-drenched wraparound deck.Recently rented for $2,500.Adding even more value is a bonus basement permitted artist studio--ideal for creative work or passive income.This 328sf unit was recently rented for $650 as an apartment, but is probably worth $800.Plus, the shared basement features 1,200sf of clean, high-ceiling storage or expansion potential, a laundry area, & private access for each unit.Whether you're seeking strong rental income, flexible living arrangements, or a unique home w/room to grow--this property checks every box.Come experience the decks, the light, the soul of this beautifully maintained gem.Outside, the oversized 10,940 sq ft lot is bursting w/apple trees, blueberries, grapes, & other native plantings. W/fresh paint inside & out, this property is turn-key & ready to perform.Nestled near Errol Heights Park & the community gardens, it offers a peaceful, garden-like setting w/Walk Score of 57 & easy access to everything Portland has to offer.Whether you're buying for lifestyle, legacy, or leverage--this one is it.Don't just buy a home--secure a future.

Overview

Open House
8/3/2025 2:00PM - 4:00PM PDT
Property Status
For Sale
Lot Size
10,454 Sq.Ft.
MLS ID
504031585
Property Type
Multi-Family
Year Built
1992

Features & Amenities

View Description
Territorial
Stories
2
Water Source
Public Water
Roof
Composition, Shingle
Lot Features
Level
Parking
Driveway, Off Street
Heat Type
Forced Air
Air Conditioning
Air Conditioning Ready, Central Air
Sewer
Public Sewer
Substructure
Concrete Perimeter
Security Features
Entry
Elementary School
Lewis
Middle School
Sellwood
High School
Cleveland
Sales Price
$880,000
Real Estate Tax
$8,639/yr
Zoning
R5

Downloads

8027 SE 49TH AVE

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for your interest in 8027 SE 49TH AVE, Portland, OR 97206

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8027 SE 49TH AVE

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