1511 NE Hancock ST, Portland, OR 97212
- $1,125,000
- 7,822
- SqFt
- List Price
- $1,125,000
- Days on Market
- 37
- MLS#
- 601661489
- Property Type
- Multifamily
- Sqft. of Residence
- 7,822
- Lot Size
- 7, 000 to 9, 999 SqFt
- Region
- Portland Northeast
- Status
- PENDING
Property Description
Vintage Mid-Century 4-Plex. Just two blocks from the vibrant NE Broadway corridor, this well-preserved 1955 Mid-Century Ranch offers a rare opportunity to own an authentic piece of Irvington while enjoying immediate income with exceptional long-term potential. Original hardwood floors, vintage birch cabinetry & hardware, period tile, wood-burning fireplaces, generous storage, and classic red brick architecture celebrate an era of craftsmanship and thoughtful efficiency that continues to resonate with today's renters seeking warmth, character, and authenticity. With approximately 3,911 square feet above and below grade, the property includes three spacious two-bedroom residences and one one-bedroom unit. Each offers comfortable single-level living above a private full basement with laundry, utility sink, high ceilings, and abundant storage. Each basement can be accessed directly from the unit's back door and locked off from the main level, creating intriguing possibilities for future expansion and additional income potential (buyer to perform due diligence). Three homes include dedicated garage spaces, while the attached three-car garage offers additional possibilities for those with a visionthe property offers approximately 3,846 square feet of living area above grade, plus an additional 3,846 square feet of basement space. Current rents are well below market for their size, presenting an opportunity to thoughtfully restore and reposition an authentic mid-century asset through updates that celebrate its architectural character while enhancing its appeal to future tenants. The property's outdoor spaces offer opportunities for reinvention as well. Minutes from downtown Portland, the Moda Center, transit, and some of the city's most beloved neighborhoods, this is a rare opportunity for an owner-occupied complex or long-term investment in one of Portland's most desirable urban neighborhoods, with the potential to thoughtfully enhance both livability and long-term value.
Additional Information
- Tax Amount
- $11,395
- Year Built
- 1955
- High School
- Jefferson
- Elementary School
- Irvington
- Middle School
- Harriet Tubman
- Acres
- 0.16
- Living Area
- 7,822
- Stories
- 2
- Subdivision
- Irvington
- Terms
- Cash, Conventional
- Fuel Description
- Gas
- Heating Description
- Forced Air
- Hoa Rent Includes
- Water
- Hot Water Description
- Electricity
- Exterior Description
- Brick
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- On Street
- Parking Description
- On Street
- Number Of Units Total
- 4
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1700
- Unit Type One Sq Ft
- 1964
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 1
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 1600
- Unit Type Three Sq Ft
- 2316
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 1
- Unit Type Four Beds Total
- 2
- Unit Type Four Rent
- 2000
- Unit Type Four Sq Ft
- 1972
- Unit Type Four Units Total
- 1
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Listing courtesy of Where, Inc.
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