Welcome to this unique and the charming 1923 Cape Cod which offers timeless character, thoughtful updates, and an exceptional location just one block from the heart of downtown Hillsdale. The main level features a welcoming living room, two bedrooms, a versatile kitchen with dining space, and a recently updated full bathroom. Upstairs, two additional non-conforming bedrooms offer flexible space for guests, a home office, studio, or creative pursuits. A full basement with high ceilings provides abundant storage, a workbench, and future potential, with exterior access to the backyard via a private stairwell. An attached one-car garage adds everyday convenience.Original details shine throughout, including beautiful hardwood floors, classic millwork, a wood-burning fireplace, and French doors opening to a covered porch. Outside, the large, fully fenced backyard offers plenty of room for pets, gardening, entertaining and relaxing. Recent improvements include newer interior and exterior paint, a full bathroom remodel, an updated electrical panel, updated plumbing and water line, a rebuilt chimney, and a roof installed in 2013. Ideally situated just one block from downtown Hillsdale, with easy access to transit, Ida B. Wells High School, the library, Dewitt Park, restaurants, shops, and neighborhood amenities—all within walking distance. A rare opportunity to bring your vision to a classic Hillsdale home with exceptional character and potential.Developer packet available upon request.
Jessica Berger • Cascade Hasson Sotheby's International Realty
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Rental estimate
Est. $2,348 per month, based on comparable rentals
Sale and tax history for 1235 SW Cheltenham St
Sale History
Tax History
Date
Event
Price
RMLS #750596975
Oct 27, 2026
Sold
$525,000
$285/sq ft
Sep 22, 2026
Pending
—
Sep 9, 2026
Listed
$535,000
$290/sq ft
RMLS #16570487
Jan 9, 2017
Sold
$444,000
$241/sq ft
Nov 1, 2016
Pending
—
Oct 21, 2016
Relisted
—
Oct 19, 2016
Delisted
—
Oct 17, 2016
Price Changed
$449,999
$244/sq ft
Sep 24, 2016
Price Changed
$459,500
$249/sq ft
Sep 16, 2016
Relisted
—
Sep 11, 2016
Pending
—
Sep 9, 2016
Listed
$499,900
$271/sq ft
LOCATION? Yes!! 1 block to downtown Hillsdale, Library, Wilson HS, TRANSIT, Salvador Molly's, Baker & Spice. Built in 1923 Cape Cod 1,842 SF home offers 3 Bedrooms, Bonus Room, 1 Bath w/ original CHARM- covered patio w/ french doors, hardwoods, millwork, wood burning fireplace, large kitchen & nook. Updates- 2013 Comp Roof, 2015 Fence, newer electrical panel, newer gas water heater, window blinds. ZONED R2
RMLS #16069908
Jan 9, 2017
Sold
$444,000
$241/sq ft
Nov 1, 2016
Pending
—
Oct 21, 2016
Relisted
—
Oct 19, 2016
Delisted
—
Oct 17, 2016
Price Changed
$449,999
$244/sq ft
Sep 24, 2016
Price Changed
$459,500
$249/sq ft
Sep 16, 2016
Relisted
—
Sep 11, 2016
Pending
—
Sep 9, 2016
Listed
$499,900
$271/sq ft
LOCATION? YES!! Zoned R2 on 6,000 SF lot, 1 block from downtown Hillsdale, Transit, Wilson HS, Library, etc. 1923 Cape Cod home with 3 Bedrooms, 1 Bath, with full basement and 1 car garage. Original Charm- covered patio w/french doors, hardwoods, millwork, wood burning fireplace, large kitchen/nook, 2013 comp roof, newer electrical panel, newer gas water heater, window blinds.
RMLS #13296513
Aug 30, 2013
Sold
$363,000
$197/sq ft
May 29, 2013
Pending
—
May 15, 2013
Listed
$389,000
$211/sq ft
Public Records
May 27, 2009
Sold
$266,600
$145/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,129 (+3.7%)
2024
$6,873 (+4.0%)
2023
$6,609 (+2.2%)
2022
$6,466 (+1.7%)
2021
$6,357 (+9.0%)
2020
$5,831 (+3.8%)
2019
$5,617 (+3.0%)
2018
$5,451 (+4.3%)
2017
$5,225 (+9.3%)
2016
$4,781 (+10.4%)
2015
$4,330 (+9.5%)
2014
$3,956
2013
$3,957 (+12.0%)
2012
$3,532 (−7.7%)
2011
$3,825 (+3.5%)
2010
$3,694 (+2.7%)
2009
$3,596
Public record
Public record
Zoning
Permits
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
6,000 Sq. Ft.
Year renovated
1923
Sq. Ft.
1,266
Year built
1923
Style
Single Family Residential
County
Multnomah County
APN
R328616
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 30, 2026.
RM1
D
Residential Multi-Dwelling 1 Zone
The RM1 zone is a low-scale multi-dwelling zone that is generally applied in locations intended to provide a transition in scale to single-dwelling residential areas, such as the edges of mixed-use centers and civic corridors, and along or near neighborhood corridors. Allowed housing is characterized by one to three story buildings that relate to the patterns of residential neighborhoods, but at a somewhat larger scale and building coverage than allowed in the single-dwelling zones. The major types of new development will be duplexes, triplexes, rowhouses, courtyard housing, small apartment buildings, and other relatively small-scale multi-dwelling and small-lot housing types that are compatible with the characteristics of Portland's residential neighborhoods.
Zone overlays
Design Overlay Zone
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Jan 12, 2018 • Final
Residential bldg/trade
Bathroom
Electrical
Plumbing
Jun 8, 2009 • Final
Electrical
Bathroom
Electrical
Kitchen
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Features: Driveway, Off Street
Parking Total: 1
Garage Information
Garage Type: Attached
Garage Spaces: 1
Has Attached Garage: Yes
Interior
Virtual Tour Information
Virtual Tour Type: 3-D Tour
Has Virtual Tour Unbranded: Yes
Virtual Tour Description: Matterport Tour
Virtual Tour Type 2: Other
Has Virtual Tour Unbranded 2: Yes
Virtual Tour Description 2: Property Website
Appliances
Appliances: Dishwasher, Free-Standing Range
Hot Water Description: Gas
Interior Features
Has Accessibility: Yes
Accessibility Features: Garage on Main, Main Floor Bedroom w/Bath