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3134 SE 20th Ave
Portland, OR 97202
3-Unit Investment Opportunity in Close-in SE · Multifamily Property For Sale
·
3 Units


Investment Highlights
- Three Units with Established Rental Income History
- Each Unit Has Basement Space For Additional Storage or Further Development Potential
- Option To Store RV/Boat Long Term
- One Duplex, One Detached Home
- Ample Parking Via Parking Pad, Shared Driveway & Detached 3 Car Garage
Executive Summary
Hello from Hosford-Abernethy! I’m a rare and highly versatile property made up of two detached homes on a generous .30-acre lot, offering exceptional flexibility, privacy, and long-term potential in one of SE Portland’s most sought-after neighborhoods. One home is a 1,944 sqft duplex (3124/3126), thoughtfully configured with two separate, mirrored units, each offering two bedrooms and one full bathroom. Both units share a full, unfinished basement that provides substantial storage, mechanical space, and flexible utility use, with future improvement potential, subject to buyer verification. The second detached home at 3134 offers approximately 2,872 sq ft of above-grade living space with three bedrooms and two and a half bathrooms, plus a full basement, providing excellent flexibility for storage, hobbies, or workshop use, or for future finishing, depending on your vision. A shared driveway leads to a detached garage with space for three cars total. The duplex has use of one garage space, and the home at 3134 benefits from two garage spaces. Each home features a fully fenced yard, creating defined outdoor spaces well-suited for relaxing, entertaining, or daily use. My configuration is especially appealing to multi-generational households, owner-occupants seeking rental income, and investors seeking a flexible asset with strong long-term holding potential, including the ability to live in one home while renting the other, or to operate both as income-producing residences. My location completes the picture, situated just six blocks from New Seasons Market and the Clinton Community Garden, with nearby coffee shops, dining options, neighborhood gathering spots, and green spaces, including Ladd Circle Park nearby. Whether your goal is flexibility, income potential, or long-term value in a walkable SE Portland setting, I offer an opportunity that truly stands apart.
Property Facts
| Price Per Unit | $729,189 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 3.86% | Building Size | 3,626 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1927 |
| Zoning | RM2 | ||
| Price Per Unit | $729,189 CAD |
| Sale Type | Investment |
| Cap Rate | 3.86% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 3,626 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1927 |
| Zoning | RM2 |
Amenities
Unit Amenities
- Disposal
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Vaulted Ceiling
- Stainless Steel Appliances
- Range
- Carpet
- Yard
- Attic
- Basement
- Porch
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $2,529 CAD | 972 |
| 2+3 | 1 | $4,136 CAD | 1,682 |
Property Taxes
| Parcel Number | R287630 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $298,982 CAD |
Property Taxes
Parcel Number
R287630
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$298,982 CAD
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