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.
Sold
$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
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#: 793658328

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
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$609,900