Shawn Realty 503-515-4499
2,376 sq ft
3604 SE 7TH AVE, Portland, OR 97202
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- Building Area
- 2,376 sq ft
- Price/Sq Ft
- $179/sq ft
- Year Built
- 1949
- County
- Multnomah
- Annual Tax
- $7,770 (2025)
- HOA
- None
- Days on Market
- 35 days
- Open House
- None scheduled
Monthly payment
$3,327 per month
- Principal & interest$2,591
- Property taxes$647
- HOA dues$0
- Home insurance$89
- Utilities$0
10% down · 30-year fixed · 7.18% rate · 7.281% APR (est.)
Rate: Freddie Mac weekly average, as of 11/05/2026. Estimate by Shawn Realty, not RMLS data.
Estimate by Shawn Realty, not RMLS data.
- Interest rate: 7.18% (7.281% APR, estimated). Rate: Freddie Mac weekly average, as of 11/05/2026.
- Down payment: 10% ($42,500) on $425,000; loan $382,500
- Term: 30-year fixed (360 monthly payments)
- Property taxes: $647/mo (RMLS annual tax ÷ 12)
- HOA dues: $0 (no HOA in RMLS)
- Home insurance: $89/mo (Shawn Realty assumption, 0.25% of price per year; not a quote)
- Est. APR assumes 1% of the loan amount in points and lender fees.
This is an estimate. Verify exact numbers with your lender.
Estimate only, not a loan offer or commitment. Principal, interest, est. property tax and HOA. Excludes homeowners insurance, mortgage insurance (PMI, typically required with under 20% down) and other costs. Actual rate, APR and payment depend on credit, lender and loan program. Talk to a licensed loan officer.
Description
Value-add opportunity in SE Portland's Brooklyn neighborhood with potential for a 6-bedroom, 4-bath duplex. This vacant property offers flexibility for an investor or house hacker ready to put in the work and create long-term value. One side is largely finished with 3 bedrooms and 2 bathrooms, hardwood floors, an updated kitchen, abundant natural light and original character. Some TLC is still needed, including completion of a currently gutted bathroom. The second unit is laid out for an additional 3 bedrooms and 2 bathrooms but requires significant finishing, creating an opportunity to complete the space and generate additional rental income. Live in one side while completing the other, or finish the project and position both units for rental income. Both units are vacant, allowing a new owner to begin improvements immediately. A large 1,107 sq ft unfinished basement, not included in the stated 2,376 sq ft, provides substantial storage and possible future use, subject to buyer due diligence. With a 92 Bike Score and 79 Walk Score, plus convenient access to the MAX Orange Line, public transit and nearby parks, the location offers connectivity throughout inner SE Portland. Based on a property management company's pro forma, projected annual gross income is approximately $50,000, with approximately $20,000 in projected operating expenses and $30,000 in projected net operating income, reflecting a projected 6.67% cap rate and 9.0 gross rent multiplier. Property is currently vacant with no actual rental income or operating history. Cash or rehab financing only due to current condition. Buyer to verify square footage, permitted uses, renovation requirements, rental projections and future use possibilities. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10252548%5D
Facts & Features
| Property Type | Multi Family |
|---|---|
| Building Area (sq ft) | 2376 |
| Lot Size (acres) | 0.11 |
| Lot Size (sq ft) | 4791 |
| Year Built | 1949 |
| Garage Spaces | 0 |
| County | Multnomah |
| Subdivision | BROOKLYN NEIGHBORHOOD |
| Elementary School | Grout |
| Middle School | Hosford |
| High School | Cleveland |
| Heating | Forced Air |
| Cooling | None |
| Basement | Exterior Entry, Unfinished |
| Roof | Composition |
| View | No |
| Lot Features | Level |
| Parking | Driveway, On Street |
| Sewer | Public Sewer |
| Water | Public Water |
| Annual Taxes | $7,770 |
| Tax Year | 2025 |
| Original List Price | $500,000 |
| RMLS # | 339184298 |
Map data © OpenStreetMap contributors (not RMLS data).
Listed by Angie Hobson • Summa Real Estate Group
Listing updated: Nov 2, 2026 at 11:59am
Source: RMLS #339184298
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 Shawn Realty are marked with the RMLS logo, and detailed information about these properties includes the name 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 11/09/2026 17:45. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by RMLS.
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Shawn Yu, Shawn Realty · 503-515-4499
Shawn Yu (Shawn Realty) is not the listing agent for this home.
Shawn Realty