Incredible investment or owner-occupied income producing opportunity just steps from OHSU, perfect for medical/dental students, doctors and traveling nurses. This updated craftsman boasts modern conveniences with timeless touches and charm throughout. This property features a kitchen, bedroom and full bathroom on each level. Main floor kitchen and bathroom have been completely remodeled with stunning modern finishes. Lower level kitchen has also been fully remodeled with one of kind finishes and updates have been made to the lower level bathroom as well. Upper level balcony enjoys beautiful territorial views. Secured and separate entrances allow easy access to each level and unit of the property. This location can't be beat with quick access to the South Waterfront, and walking distance to Gibbs and Tilikum pedestrian bridges for easy access to downtown Portland and the OHSU tram. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10011388]
Multi-familyProperty Type
1910Year Built
1,742 sq ftLot Size
$280Est. Price/Sq.Ft.
Listed by Ryan Kristin• Berkshire Hathaway HomeServices NW Real Estate
Bought with Tim Kaelin• Coldwell Banker Professional
Single family home or easily configured for live-in plus business, or multiple rental units (buyer to verify w/City). Seller had lived upstairs with the main floor as separate office space and downstairs as a studio apartment w/separate entry. Beautifully preserved original architectural character with 9' ceilings on main floor. Exceptional location with an 88 Walk Score (steps to Gibbs St pedestrian bridge to OHSU Tram), 79 Transit score (4 min walk to Portland Streetcar), and 78 Bike score. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10011388]
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
3
Baths
3.5
Stories
2
Lot width
—
Lot depth
—
Lot size
1,750 Sq. Ft.
Year renovated
1910
Sq. Ft.
1,946
Year built
1910
Style
Single Family Residential
County
Multnomah County
APN
R129034
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
RM1
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.
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Aug 17, 2023 • Final
Electrical
Remodel
May 22, 2009 • Final
Electrical
Reconnect the electrical service to a new underground feed.
Electrical
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: On Street
Interior
Virtual Tour Information
Virtual Tour Type: 3-D Tour
Has Virtual Tour Unbranded: Yes
Appliances
Hot Water Description: Electricity
Interior Features
Basement: Finished, Separate Living Quarters/Apartment/Aux Living Unit
Exterior
Exterior Features
Roof: Composition
Exterior Description: Wood Siding
Lot Information
Lot Size Square Feet: 1,742
Lot Size Range: 0K to 2,999 SqFt
Lot Size Acres: 0.04
Lot Size: 0K to 2,999 SqFt
Parcel Number: R129034
Road Surface Type: Paved
Property Information
Property Type: Multi Family
Property Attached YN: No
Property Condition: Updated/Remodeled
View YN: Yes
View Description: City, Territorial
Building Information
Year Built: 1910
Building Area Total: 2,324
Foundation Details: Concrete Perimeter
Financial
Tax Information
Tax Year: 2023
Tax Legal Description: CARUTHERS ADD, BLOCK 116, E 35' OF LOT 5
Tax Annual Amount: $8,167.40
Rent Information
Rent Includes: Electricity, Heat, Water
Lease / Rent Information
CAP Rate: 6.59
Gross Rent Multiplier: 10.63
Utilities
Utility Information
Green Certification YN: Yes
Fuel Description: Electricity, Gas
Water Source: Public Water
Sewer: Public Sewer
Heating & Cooling
Heating YN: Yes
Heating: Forced Air
Cooling YN: Yes
Cooling: Central Air
Location
Multi Unit Information
# Of Units Total: 3
Unit Information
Unit Type: 1, 2, 3
Unit Type 1 Information
Actual Rent: $1,700
Area: 732
Baths Total: 1
Beds Total: 1
Features: Deck, Range, Refrigerator, Washer/Dryer
Units Total: 1
Unit Type 2 Information
Actual Rent: $1,800
Area: 781
BathsTotal: 1
Beds Total: 1
Features: Air Conditioning, Deck, Range, Refrigerator
Units Total: 1
Unit Type 3 Information
Actual Rent: $1,400
Area: 811
Baths Total: 1
Beds Total: 1
Features: Air Conditioning, Dishwasher, Range, Refrigerator
Units Total: 1
School Information
Elementary School: Capitol Hill
Middle Or Junior School: Jackson
High School: Ida B Wells
Location Information
Directions: Corbett Ave to Gibbs
Unparsed Address: 215 S GIBBS ST, Portland, OR 97239
Community Information
Zoning: RM1
Public facts
Beds: 3
Baths: 3.5
Sq. Ft.: 1,946
Stories: 2.0
Lot Size: 1,750 square feet
Style: Single Family Residential
Year Built: 1910
Year Renovated: 1910
County: Multnomah County
APN: R129034
Home facts updated by county records on Jul 15, 2026
Other
Listing Information
MlsStatus: Sold
Listing Price Information
Price Type: List Price
Around this home
Schools
Capitol Hill Elementary School
Public K-5 • Assigned • 2.6mi
9/10
Jackson Middle School
Public 6-8 • Assigned • 3.8mi
8/10
Ida B. Wells-Barnett High School
Public 9-12 • Assigned • 1.7mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
19 unhealthy days expected this year, 20 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97239
Average low and high temperatures (°F)
47
37
49
38
56
43
64
45
70
50
77
54
83
59
84
62
75
58
61
49
52
44
50
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.6 hours in
June and 2 hours in December, placing it below the
U.S. average for solar exposure.
9.6 hrs
2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$618,000 – $748,000
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