Listing provided courtesy of Better Homes & Gardens Realty- MLS# 433873883MLS Provider

3204 SW 10TH AVEPortland, OR 97239

Multi-Family · 4,116 Sq. ft. | 0.12 Acres
$1,200,000 Pending

3204 SW 10TH AVE Overview

Time on Site:
97 days
Visits:
2

Exceptional investment opportunity just two blocks from OHSU, offering strong and consistent rental demand from medical residents, dental and nursing students, and nearby tech professionals. This well-maintained multi-unit property features extensive updates throughout, including hardwood flooring, quartz countertops, and updated cabinetry in both kitchens and baths. All units are equipped with stainless steel appliances, including dishwashers and modern stainless exhaust hoods, along with high-efficiency washers and dryers for added tenant convenience.The property offers desirable parking with space for two vehicles per unit, a rare feature for the area. Two units feature fireplaces, while the building's layout provides a quiet and private setting with two units facing north and two units oriented southwest for optimal light and livability. Additional upgrades include newer double-pane windows, a newer hot water heater, and a roof replaced approximately two years ago, helping to minimize future capital expenditures.Cadet electric wall heaters provide efficient heating, and the property's proximity to OHSU ensures strong occupancy potential with long-term tenants. Located in a highly sought-after area with excellent access to transit, downtown Portland, and major employment centers, this property presents a turnkey, income-producing opportunity with long-term upside.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

3204 SW 10TH AVE Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,116
  • Price/Sq.ft. $292
  • Lot 0.12 Acres

Details

General

School Information

  • Elementary School: Ainsworth
  • Middle Or Junior School: West Sylvan
  • High School: Lincoln

Income/Expenses

  • Gross Income: 99948.0
  • Net Operating Income: 78048.0
  • Operating Expense: 21903.0

Building Information

  • Year Built: 1953

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 148 - Portland NW/ SW/ S, Raleigh Hills
  • Subdivision Name: HMSTD

Rent/Lease Information

  • Rent Includes: Sewer,Trash Collection,Water

Tax Information

  • Tax Annual Amount: 16881.45
  • Tax Year: 2025

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Conventional
  • Parcel Number: R247306
  • Property Condition: Updated/Remodeled
  • Property Type: Multi Family
  • Zoning: CS

Interior

Building Interior

  • Building Area Total: 4116.0

General Information

  • Basement: Full Basement
  • Cooling: None
  • Foundation Details: Slab
  • Heating: Baseboard
  • Stories: 3

Exterior

Parking Information

  • Parking Features: Driveway,On Street

Lot Information

  • Lot Features: Gentle Sloping,Private,Seasonal,Trees
  • Lot Size Acres: 0.12
  • Lot Size Square Feet: 5227.0
  • Road Surface Type: Gravel,Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Membrane

General Information

  • Number Of Units Total: 4
  • Sewer: Public Sewer

3204 SW 10TH AVE Neighborhood

Community

97239 (Portland) Demographics

39
Median Age
4,964
Population Density (per sq. mile)
79%
College Educated
$93,594
Estimated Median Income
4,411
Estimated Total Home Owners
4,838
Estimated Total Renters
48% / 52%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3204 SW 10TH AVE Market Data

Based on the last 30 days in this zip code

$766,527
Average List Price
$349
Average Price per Square Foot
19
Properties Sold
132
Average Days on Market
155
Properties for Sale
Calculations provided by Reliance Network

3204 SW 10TH AVE History

Date Event Value Agent
6/18/2026Source: Regional MLS Status Change
Pending
3/24/2026Source: Regional MLS Added to Database
March 24, 2026