About this home
Prime Portland Investment Opportunity! Calling all investors, contractors, and visionaries. Located in a highly desirable Portland neighborhood, this 2-unit duplex at 15 Russell Street offers a rare chance to bring a multi-family property back to life. Priced aggressively this building is a true blank canvas awaiting a complete top-to-bottom renovation. Whether you are looking to execute a full condo-conversion, design a premium owner-occupied multi-family, or add a high-yield rental asset to your portfolio, the potential here is unmatched. The property requires extensive rehabilitation and is being sold strictly as-is, making it an ideal candidate for cash buyers or 203k/construction financing. Capitalize on Portland's exceptionally strong rental market and severe inventory shortage. Properties with this level of value-add potential are increasingly rare. Bring your architect, your contractor, and your imagination to unlock the immense equity waiting within these walls.
Listing last checked: Listing updated:
Listed by Listing Agent · Keller Williams Realty · MLS #1683359
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Details at a glance
Interior3 property facts
- Heating
- Oil, Steam
- Cooling
- None
- Flooring
- Carpet, Vinyl, Wood
Building4 property facts
- Style
- Duplex
- Year built
- 1910
- Foundation
- Pillar/Post/Pier, Brick/Mortar
- Roof
- Fiberglass
Land & utilities4 property facts
- Lot size
- 0.06 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- Residential
Financial2 property facts
- Annual taxes
- $7,434
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $350,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$2,389 / monthAdjust
- Principal & interest
- $1,770
- Property tax
- $620
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $7,434. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 15 Russell Street
Can I request a private showing?
Request a tour of 15 Russell Street and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
Availability varies by property and source. Request the documents you need and we will help obtain what is available.