BACK ON MARKET AT NO FAULT FROM THE SELLER- CALLING ALL INVESTORS & FLIPPERS- Here’s a RARE value-add property in one of Portland’s most desirable neighborhoods. This corner-lot bungalow features a fenced yard, carport, and a fully framed ADU with a separate entrance and grounded electrical panel ready for hookup —currently used as office space. The attic is insulated, HVAC vented and has an added water line- giving you multiple options for expansion or additional living space.The layout is flexible and ideal for multi-income setups, multigenerational living, or further development. With strong bones, corner-lot exposure, and a prime location just minutes from Gabriel Park, restaurants, and downtown, this property is perfectly positioned for investors seeking high ROI potential.At this price point, opportunities like this are rare. Flip it, rent it, or leverage the ADU and attic to generate additional income. Multiple pathways to profit, strong local demand, and a fast-moving market make this a smart, high-upside investment. Bring your vision and crew—this one won’t last! AS-IS!
Sold
$375,000
5908 SW 45th Ave, Portland, OR 97221
3beds
2,010sqft
Residential, Single Family Residence
Built in 1922
6,969.6 Square Feet Lot
$-- Zestimate®
$187/sqft
$2,553 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,553/mo
Zestimate® history
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$2,327/mo
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: December 15, 2025 at 12:44am
Listed by:
Leona Mullen 971-712-6959,
Matin Real Estate
Bought with:
Leona Mullen, 201241455
Matin Real Estate
Source: RMLS (OR),MLS#: 605528088
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Features: Closet
- Level: Main
- Area: 121
- Dimensions: 11 x 11
Bedroom 2
- Features: Closet
- Level: Main
- Area: 96
- Dimensions: 12 x 8
Bedroom 3
- Level: Lower
Dining room
- Level: Main
- Area: 104
- Dimensions: 13 x 8
Family room
- Level: Lower
Kitchen
- Features: Builtin Refrigerator, Gas Appliances, Pantry
- Level: Main
- Area: 154
- Width: 11
Living room
- Level: Main
- Area: 276
- Dimensions: 23 x 12
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Built-In Refrigerator, Disposal, Gas Appliances, Washer/Dryer, Gas Water Heater
- Laundry: Laundry Room
Features
- Floor 3rd, High Ceilings, Closet, Pantry
- Flooring: Wood
- Basement: Exterior Entry,Partially Finished,Separate Living Quarters Apartment Aux Living Unit
- Number of fireplaces: 2
- Fireplace features: Wood Burning
Interior area
- Total structure area: 2,010
- Total interior livable area: 2,010 sqft
Property
Parking
- Parking features: Carport
- Has carport: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Exterior features: Dog Run, Yard
- Fencing: Fenced
Lot
- Size: 6,969 sqft
- Features: Corner Lot, Gated, SqFt 7000 to 9999
Details
- Additional structures: SeparateLivingQuartersApartmentAuxLivingUnit
- Parcel number: R328887
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Composition,Shingle
Condition
- Approximately
- New construction: No
- Year built: 1922
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Portland
- Subdivision: Hayhurst
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Concrete, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/12/2025 | Sold | $375,000-3.8%$187/sqft |
Source:  RMLS (OR) #605528088 Report a problem | ||
| 12/2/2025 | Pending sale | $390,000$194/sqft |
Source: RMLS (OR) #605528088 Report a problem | ||
| 11/27/2025 | Listed for sale | $390,000$194/sqft |
Source: RMLS (OR) #605528088 Report a problem | ||
| 11/20/2025 | Pending sale | $390,000$194/sqft |
Source: RMLS (OR) #605528088 Report a problem | ||
| 11/14/2025 | Listed for sale | $390,000+88.9%$194/sqft |
Source: RMLS (OR) #605528088 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,357 +3.7% | $236,160 +3% |
| 2024 | $6,129 +4% | $229,290 +3% |
| 2023 | $5,894 +2.2% | $222,620 +3% |
Find assessor info on the county website
Neighborhood: Hayhurst
Nearby schools
GreatSchools rating
- 9/10Hayhurst Elementary SchoolGrades: K-8Distance: 0.3 mi
- 8/10Ida B. Wells-Barnett High SchoolGrades: 9-12Distance: 1.6 mi
- 6/10Gray Middle SchoolGrades: 6-8Distance: 1 mi
Schools provided by the listing agent
- Elementary: Hayhurst
- Middle: Robert Gray
- High: Ida B Wells
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Oregon
- Multnomah County
- Portland
- 97221
- Hayhurst
- 5908 SW 45th Ave