36 NE Stanton St, Portland, OR 97212

$1,795,000

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Property Description

Exceptional close-in urban multi-family opportunity featuring four units across three architecturally distinct buildings. This rare offering includes two standalone homes and a thoughtfully designed duplex-ideal for investors or owner-occupants seeking flexibility and strong income potential. The original 1894 cottage blends historic charm with modern updates, offering wood floors, a renovated kitchen, forced-air gas heating, two bedrooms, and one bathroom. Enjoy the convenience of washer/dryer, and a large gated deck, and separate storage space. Privately situated at the rear of the property, the iconic Tower House delivers a unique living experience across four open levels. With flexible living and sleeping configurations, this standout home features concrete floors on the main level, three gas fireplaces, vaulted ceilings, two full bathrooms, central A/C, and a private fenced outdoor space. Fronting Stanton St., the duplex provides clean, modern design. The main-level unit includes two bedrooms, one bathroom, hardwood floors, a gas fireplace, vaulted ceilings in the primary bedroom, full-size washer/dryer, and direct access to private outdoor area from both bedrooms. The upper unit spans the second and third floors, with a spacious open-concept kitchen and dining area with hardwood floors and skylights, plus a refined living room with gas fireplace and patio. The top floor features a primary bedroom with walk-in closet and covered (sleeping) porch for year-round use, a second bedroom, laundry, and a large bathroom with double pedestal sinks, full tub, and separate WC. This one-of-a-kind property combines architectural character, versatility, and exceptional income potential in a prime close-in location. Four off-street parking spaces. Owner pays for property management, pest control, maintenance, and garbage service. Please do not disturb tenants. No weekend showings. Current POF or pre-app letter required before scheduling a showing.

36 NE Stanton St | MLS# 370713955

This multi-family property located at 36 NE Stanton St, Portland, OR 97212 is currently listed for sale with an asking price of $1,795,000. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Cooling: Air Conditioning Ready
Fuel Type: Gas
Heating: Forced Air
Roof Type: Composition
Taxes: $21,156
Year Built: 2006

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 2
Features: Deck, Dishwasher, WasherDryer, WoodFloors
Rent: $2675.00
Square Footage: 960
Total Units: 1
Unit Type 2:
Bathroom(s): 2
Bedrooms: 2
Features: Dishwasher, Fireplace, Refrigerator, WasherDryer
Rent: $2590.00
Square Footage: 1764
Total Units: 1
Unit Type 3:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Fireplace, HardwoodFloors, WasherDryer
Rent: $2425.00
Square Footage: 1148
Total Units: 1
Unit Type 4:
Bathroom(s): 2
Bedrooms: 2
Features: Deck, Fireplace, HardwoodFloors, WasherDryer
Rent: $2600.00
Square Footage: 2012
Total Units: 1

Feature Descriptions

Days on Site: 25
Exterior: Stucco, Wood Siding
Gross Income: $123480.00 (Actual)
Hot Water: Electricity
Lot: Level
Net Income: $100282.00 (Actual)
Operating Expenses: $43404.00 (Actual)
Parking: OffStreet
Parking Notes: OffStreet
Sewer: Public Sewer
Units: 4
Water: Public Water

Local Schools

High School: Grant
Middle School: Harriet Tubman
Elementary School: Boise-Eliot

Listed By / Shown By

Listed By

Agency Name: Windermere Realty Trust
Agency Contact: 503-913-0706

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 11,363.04 per month $9,076.50 Principal & Interest $1,763.00 Property Tax $523.54 Homeowner's Insurance

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