13414 NW SHERRY ST, Portland, OR 97229

  • $799,000

Overview

  • 2485 Sqft
    Property Size
  • 1951
    Year Built
  • MultiFamily
    Property Type
  • 741838046
    MLS#
  • 0.34 Acres
    Land Area
  • Kevin Morris Realty
    Office Name
  • Rachelle Kammann
    Agent Name

Description

*Don’t Walk the Property* Cap rate is 6.2% with current rental income. 5-10 additional units can be added! Recent remodeling includes all new water and sewer line, new tankless water heaters, new electrical panels. Exceptional investment and development opportunity in the heart of Cedar Mill! This remodeled duplex features two spacious 3-bedroom, 1-bath units, offering strong rental appeal in a highly desirable location. A detached shop provides additional income and yard care, currently leased for $600/month. Situated on a generous, multi-family zoned lot, the property offers significant upside with the potential to add approximately 5-10 additional units while retaining the existing improvements. Estimated 9–12 unit project is achievable while keeping the existing structure. (buyer to complete all due diligence with Washington County). Minutes to Nike, Intel, downtown Portland, shopping, restaurants, parks, and public transit, this is a rare opportunity to own a cash-flowing asset with outstanding future development potential.

Details

Updated on July 31, 2026 at 4:58 pm
  • MLS# 741838046
  • Price $799,000
  • Property Size 2485 Sqft
  • Land Area 0.34 Acres
  • Garage Size x x
  • Year Built 1951
  • Property Type MultiFamily
  • Property Status Active
  • Office Name Kevin Morris Realty
  • Agent Name Rachelle Kammann
  • Office Phone 503-452-5400

Additional details

  • Listing Terms Cash, Conventional, FHA, VALoan
  • Roof Composition
  • Sewer Public Sewer
  • Heating Forced Air
  • County Washington
  • Property Type MultiFamily
  • Parking Driveway, Garage
  • Elementary School Bonny Slope
  • Middle School Cedar Park
  • High School Sunset

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