High-ROI Opportunity in Growing Centennial Neighborhood! This single-level ranch offers the ideal value-add investment in one of Portland’s rapidly developing residential corridors. With 4 bedrooms, 2 full bathrooms, and over 1,200 sq ft of living space on a 0.22-acre lot, this property is primed for renovation and long-term cash flow. New electrical panel, HVAC, water lines, and a garage conversion to create a primary suite were fully permitted and completed in 2017. With convenient single level living, this home would be desired by tenants and future buyers alike. Centrally located near major transit routes and daily conveniences — including Fred Meyer, Portland Coffee Shop, and a wide selection of restaurants and grocery stores along SE Division — this home sits in a high-demand rental area with strong occupancy rates and rising rents. Whether you're looking to flip, hold and rent, or further develop, this property checks the boxes: large lot, functional layout, location appeal, and development potential. Sold AS-IS. Cash, conventional or rehab financing only. Unlock the upside — bring your contractor and run the numbers.
Shortsalepending
Price cut: $10K (10/6)
$369,900
2009 SE 158th Ave, Portland, OR 97233
4beds
1,228sqft
Est.:
Residential, Single Family Residence
Built in 1956
9,583.2 Square Feet Lot
$-- Zestimate®
$301/sqft
$-- HOA
What's special
Single-level ranchLarge lotConvenient single level livingPrimary suiteFunctional layout
- 82 days |
- 152 |
- 4 |
Zillow last checked: 8 hours ago
Listing updated: December 16, 2025 at 04:17pm
Listed by:
Darryl Bodle 503-709-4632,
Keller Williams Realty Portland Premiere,
Kelly Christian 908-328-1873,
Keller Williams Realty Portland Premiere
Source: RMLS (OR),MLS#: 562052530
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
Rooms
- Room types: Bedroom 4, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Ensuite
- Level: Main
- Area: 160
- Dimensions: 16 x 10
Bedroom 2
- Level: Main
- Area: 90
- Dimensions: 10 x 9
Bedroom 3
- Level: Main
- Area: 117
- Dimensions: 13 x 9
Bedroom 4
- Level: Main
- Area: 130
- Dimensions: 13 x 10
Dining room
- Features: Sliding Doors
- Level: Main
- Area: 80
- Dimensions: 10 x 8
Kitchen
- Level: Main
- Area: 91
- Width: 7
Living room
- Features: Fireplace
- Level: Main
- Area: 130
- Dimensions: 13 x 10
Heating
- Forced Air, Fireplace(s)
Appliances
- Included: Dishwasher, Microwave, Electric Water Heater
Features
- Tile
- Doors: Sliding Doors
- Windows: Aluminum Frames
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 1,228
- Total interior livable area: 1,228 sqft
Video & virtual tour
Property
Parking
- Parking features: On Street, Parking Pad, RV Access/Parking, RV Boat Storage
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Ground Level, Main Floor Bedroom Bath, Utility Room On Main, Accessibility
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Yard
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 9,583.2 Square Feet
- Features: Level, SqFt 7000 to 9999
Details
- Additional structures: RVParking, RVBoatStorage
- Parcel number: R303274
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Cement Siding, Lap Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Fixer
- New construction: No
- Year built: 1956
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Centennial
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $301/sqft
- Tax assessed value: $376,980
- Annual tax amount: $4,102
- Date on market: 9/26/2025
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2025 | Contingent | $369,900$301/sqft |
Source:  RMLS (OR) #562052530 Report a problem | ||
| 10/13/2025 | Pending sale | $369,900$301/sqft |
Source: RMLS (OR) #791931865 Report a problem | ||
| 10/6/2025 | Price change | $369,900-2.6%$301/sqft |
Source: RMLS (OR) #562052530 Report a problem | ||
| 9/26/2025 | Listed for sale | $379,900-10.6%$309/sqft |
Source: RMLS (OR) #562052530 Report a problem | ||
| 4/15/2020 | Listing removed | $2,150$2/sqft |
Source: V.I.P. Property Management Inc. Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,278 +4.3% | $184,920 +3% |
| 2024 | $4,102 +4.5% | $179,540 +3% |
| 2023 | $3,927 +2.5% | $174,320 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,183/mo
Principal & interest
$1761
Property taxes
$293
Home insurance
$129
Climate risks
Neighborhood: Centennial
Nearby schools
GreatSchools rating
- 6/10Parklane Elementary SchoolGrades: K-5Distance: 0.4 mi
- 1/10Oliver MiddleGrades: 6-8Distance: 0.5 mi
- 4/10Centennial High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Parklane
- Middle: Oliver
- High: Centennial
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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