5318 SE OGDEN ST, Portland, OR 97206

Welcome to this charming multi-family home in one of SE Portland's most desirable & walkable neighborhoods! In addition to the main home & fully permitted ADU apartment, there are two shops, & a tiny house space w/water & electricity. This property generates $4975 per month in income, w/multiple rental sources on one lot. Option to live in one space & rent the others, enjoy multi-generational or communal living, or rent it all out. House & ADU were renovated from studs out in 2018, including new plumbing, electrical, water line, water heater, insulation, high efficiency heat & A/C, flooring, Milguard windows, & more. New 40-year roof in 2016, ext. paint in 2019, & int. paint in 2025. Unit A has an open floor plan, vaulted ceilings & pull-down ladder to bonus attic space, & unit B is an open & bright studio w/a large laundry/utility room. Each has its own washer/dryer & plenty of storage. The 1/3 acre fenced lot is tranquil, private, & an urban farmer's dream, complete w/huge deck & patio cover, many seating areas, two firepits, large deck, greenhouse, plum, cherry, & fig trees, blackberries, blueberries, strawberries, & tons of raised garden beds. The tiny house on wheels space is currently rented (tiny house not included in sale), & two shops w/electrical panels (one being used as a guest space w/sleeping loft). You can't beat this location, walking distance to Woodstock shops, restaurants, food carts, parks, nature trails, & groceries. Minutes to Sellwood, Reed College, Westmoreland, & Eastmoreland Golf Course, & quick access to Downtown PDX. 75 walk score & 98 bike score make getting anywhere you want to go a breeze. Whether you're looking for a place to call home or a one-of-a-kind investment opportunity, this property offers incredible potential. City says middle housing lot division is possible, w/options to add a duplex, triplex, fourplex, or up to 16 cottage cluster homes. Must see this one! Buyer to verify all zoning&usage. Owner is a licensed OR Realtor.