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  • $610,000

    4220 SE Ivon St, Portland, OR 97202

    4beds
    1,588sqft
    Multi Family
    Built in 1967
    -- sqft lot
    $609,900 Zestimate®
    $384/sqft
    $-- Estimated rent

    What's special

    Discover a fantastic investment or owner-occupant opportunity in this 1967 side-by-side duplex perfectly situated in SE Portland’s highly desirable Richmond neighborhood. Perched on a quiet hill, the property offers a sense of privacy, along with dedicated driveways for both units—an uncommon and valuable feature in the area. Each unit features two bedrooms and one bathroom, providing comfortable and functional living spaces that cater to both tenants and homeowners alike. Designed with privacy and practicality in mind, the duplex layout is ideal for maximizing rental income. Live in one unit and rent out the other to help offset your mortgage, or lease both units at market rate for immediate cash flow. With a solid cap rate of 5.86%, this property offers strong investment performance alongside long-term flexibility and value. Enjoy unbeatable access to vibrant Division Street, with its eclectic mix of shops, cafes, parks, and public transit options just moments away. Whether you're an investor or looking for a place to call home, this income-producing property is a smart move in one of Portland’s most sought-after neighborhoods.

    Zillow last checked: 7 hours ago

    Listing updated: August 07, 2025 at 01:17pm

    Listed by:

    Jennifer O'Brien 312-965-7519,

    Living Room Realty

    Bought with:

    Michelle Spanu, 930800029

    Cascade Hasson Sotheby's International Realty

    Source: RMLS (OR),MLS#: 793658328MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Baseboard
    Cooling
    • None
    Appliances
    • Included: Refrigerator, Washer/Dryer, Dishwasher, Electric Water Heater
    Features
    • Storage
    • Flooring: Wood
    • Basement: Crawl Space
    Interior area
    • Total structure area: 1,588
    • Total interior livable area: 1,588 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Off Street
    Features
    • Stories: 1
    • Has view: Yes
    • View description: Trees/Woods
    Lot
    • Size: 5,227 sqft
    • Features: Level, Sloped, Trees, SqFt 5000 to 6999
    Details
    • Parcel number: R215821
    • Zoning: R2.5

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Cedar, Lap Siding
    • Roof: Composition
    Condition
    • Existing
    • Year built: 1967

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Portland
    • Subdivision: Richmond

    HOA & financial

    Other financial information
    • Total actual rent: 1850

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Road surface type: Paved
    Services availability
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    Estimated market value

    $609,900