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4220 SE IVON ST, Portland, OR 97206
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$550,000
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Home Details for 4220 SE IVON ST
Price
$550,000
Type
Multi Family
Bedrooms
4
Total Bathrooms
2
Year Build
1967
Lot Size
0.12
County
Multnomah
Basement
Crawl Space
Tax
$5,980.91
MLS®️ Listing#
793658328
On exitrealty.com
169 days
Property Description
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.
- Cooling Information
- None
- Heating Information
- Baseboard
- Water Features
- Public
- Parking
- Off Street
- Basement
- Crawl Space
School Information
School Information for 4220 SE IVON ST
Elementary School
Creston
Middle School
Kellogg
High School
Franklin
Listing Courtesy: Living Room Realty - 503-719-5588. Presented by: Jennifer O'Brien
The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than EXIT Realty are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data last updated as of date above. Some properties which appear for sale on this website may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some of these listings contain enhanced listing information including city, state, zip, and county from sources such as MSA data and USPS. Listing content is Copyright ©2025 RMLS of Portland, Oregon. All Rights Reserved.Last Updated: 2025-06-05 02:15:43
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$550,000
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EXIT REALTY BEND
805 SW Industrial Way, Suite 4, Bend, OR 97702