Exceptional investment opportunity just two blocks from OHSU, offering strong and consistent rental demand from medical residents, dental and nursing students, and nearby tech professionals. This well-maintained multi-unit property features extensive updates throughout, including hardwood flooring, quartz countertops, and updated cabinetry in both kitchens and baths. All units are equipped with stainless steel appliances, including dishwashers and modern stainless exhaust hoods, along with high-efficiency washers and dryers for added tenant convenience.The property offers desirable parking with space for two vehicles per unit, a rare feature for the area. Two units feature fireplaces, while the building’s layout provides a quiet and private setting with two units facing north and two units oriented southwest for optimal light and livability. Additional upgrades include newer double-pane windows, a newer hot water heater, and a roof replaced approximately two years ago, helping to minimize future capital expenditures.Cadet electric wall heaters provide efficient heating, and the property’s proximity to OHSU ensures strong occupancy potential with long-term tenants. Located in a highly sought-after area with excellent access to transit, downtown Portland, and major employment centers, this property presents a turnkey, income-producing opportunity with long-term upside.
Active
$1,200,000
3204 SW 10th Ave, Portland, OR 97239
6beds
4,116sqft
Est.:
Multi Family
Built in 1953
-- sqft lot
$-- Zestimate®
$292/sqft
$-- HOA
What's special
Modern stainless exhaust hoodsNewer double-pane windowsHardwood flooringStainless steel appliancesHigh-efficiency washers and dryersQuartz countertops
- 8 days |
- 534 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: March 24, 2026 at 07:10am
Listed by:
Mitchell Peterson 503-709-3739,
Better Homes & Gardens Realty
Source: RMLS (OR),MLS#: 433873883
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Baseboard
Cooling
- None
Appliances
- Included: Dishwasher, Refrigerator, Washer/Dryer, Electric Water Heater
Features
- Flooring: Hardwood
- Basement: Full
Interior area
- Total structure area: 4,116
- Total interior livable area: 4,116 sqft
Property
Parking
- Parking features: Driveway, On Street
- Has uncovered spaces: Yes
Features
- Stories: 3
- Has view: Yes
- View description: City, Trees/Woods
Lot
- Size: 5,227.2 Square Feet
- Features: Gentle Sloping, Private, Seasonal, Trees, SqFt 5000 to 6999
Details
- Parcel number: R247306
- Zoning: CS
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Slab
- Roof: Membrane
Condition
- Updated/Remodeled
- Year built: 1953
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Hmstd
Location
- Region: Portland
Financial & listing details
- Price per square foot: $292/sqft
- Annual tax amount: $16,881
- Date on market: 3/24/2026
- Listing terms: Cash,Conventional
- Total actual rent: 8329
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/24/2026 | Listed for sale | $1,200,000-42.9%$292/sqft |
Source: | ||
| 5/8/2025 | Listing removed | $2,062$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/29/2025 | Listed for rent | $2,062+0.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/13/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/5/2024 | Listed for rent | $2,055+3% |
Source: Zillow Rentals Report a problem | ||
| 3/4/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/26/2020 | Listing removed | $1,995 |
Source: Owner Report a problem | ||
| 9/4/2020 | Listed for rent | $1,995-9.3% |
Source: Owner Report a problem | ||
| 8/31/2017 | Sold | $2,100,000+7.7%$510/sqft |
Source: | ||
| 7/15/2017 | Pending sale | $1,950,000$474/sqft |
Source: Joseph Bernard LLC #17381344 Report a problem | ||
| 7/15/2017 | Listed for sale | $1,950,000$474/sqft |
Source: Joseph Bernard LLC #17381344 Report a problem | ||
| 7/15/2017 | Listing removed | $2,200$1/sqft |
Source: Templeton Property Management Report a problem | ||
| 4/24/2017 | Price change | $2,200-2.2%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 3/23/2017 | Listed for rent | $2,250$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$7,148/mo
Principal & interest
$6188
Property taxes
$960
More affordability tools
Climate risks
Neighborhood: Homestead
Nearby schools
GreatSchools rating
- 9/10Ainsworth Elementary SchoolGrades: K-5Distance: 0.9 mi
- 5/10West Sylvan Middle SchoolGrades: 6-8Distance: 3.5 mi
- 8/10Lincoln High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Ainsworth
- Middle: West Sylvan
- High: Lincoln
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 97239
- Oregon
- Multnomah County
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- 3204 SW 10th Ave








