4218-4220 SE Ivon St.
Portland, Oregon, 97206
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 2 bedrooms and 1 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.
Unit 4218 (Leased): 2 beds | 1 bath | 800 sf | Current Monthly Rent : $1,850 + $50 pet rent
Unit 4220 (Vacant): 2 beds | 1 bath | 788 sf | Estimated Monthly Rent : $1900
Cap Rate: 5.86%
OFFERED AT $550,000
4 BED | 2 BATH | 1,588 SQ. FT.
MLS# 793658328 | TAXES: $5,981
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