38
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$1,279,900
Est. payment /mo
4,025 SqFt
Price Dropped by $20K
2305 SE 12th AVE Portland, OR 97214
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,025 sqft
Price per Sqft $317
Subdivision Hosford-Abernathy
MLS Listing ID 391532743
Year Built 2008
Annual Tax Amount $18,839
Tax Year 2025
Property Description
Welcome to 2303 SE 12th Ave, a rare investment opportunity in Portland's highly walkable Hosford-Abernethy neighborhood. This attached duplex offers four total rentable spaces across two mirror sides, providing exceptional flexibility and ease of management. Each side includes a 1-bedroom, 1-bath lower-level living quarters (~609 sq ft) with a private entrance, plus an upper-level (~1,404 sq ft) with 3 bedrooms and 2.5 bathrooms—ideal for long-term tenants, short-term rentals where allowed, or multi-generational living. Both sides also feature attached 2-car garages with ample storage, a major perk for urban renters needing space for vehicles, bikes, and gear. With a WalkScore of 93 and BikeScore of 100, the location is a renter magnet. Tenants can stroll to AKÂDI PDX for West African cuisine, grab coffee at Good Coffee, or meet friends at Reel M Inn for casual drinks. Ladd Circle Park & Rose Gardens is nearby for morning walks, jogging, or weekend downtime. The four rentable spaces allow multiple strategies: live in one and rent the other three, occupy an entire side and lease the remaining two, or operate all four as income-producing units. Diversified income streams help reduce vacancy risk, while the vibrant neighborhood and strong walk/bike scores support demand and rent growth. There's also value-add potential through updates, layout optimizations, or aligning rents with market trends. In summary, 2303 SE 12th Ave combines four spaces, 2-car garages, and a prime, transit-friendly location into a compelling turnkey investment. [Home Energy Score = 6. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10192430]
Location
State OR
County Multnomah
Area _143
Zoning RM2
Rooms
Basement Finished, Separate Living Quarters Apartment Aux Living Unit
Interior
Heating Forced Air
Exterior
Garage Spaces 4.0
View Trees Woods
Roof Type Composition
Garage No
Building
Lot Description Corner Lot, Level
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Abernethy
Middle Schools Hosford
High Schools Cleveland
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
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