BOUGHT WITH REDFIN JUL 11, 2025

Off Market Jul 2025 for $250K

—

Est. refi paymentEst. refi $1,633/mo

•

5 ba

•

2,309

sq ft

3411 SW US Veterans Hospital Rd SW, Portland, OR 97239

About this home

Once-in-a-lifetime investment opportunity! This 5-plex features five charming units, perfectly situated on "Pill Hill." Conveniently located near Oregon Health Sciences University (OHSU). Comprising four cozy studios and one inviting one-bedroom, this property presents a fantastic opportunity for value-add improvements. With current rents below market, there's a bright potential for increased income in this highly desirable area, known for its strong demand from OHSU employees and students. All units are conveniently located on the ground floor, with a basement providing space for laundry and water heaters. Each unit is separately metered for electricity and natural gas, with tenants responsible for their utilities. The driveway offers easy access and parking for one vehicle or multiple motorcycles, and it could be transformed into additional storage or amenity space, boosting rental appeal and overall value. Property is zoned RM3, creating an opportunity to develop. Retaining wall requires significant updates and repairs. Offers due: Thursday, July 3rd at 10 AM. CASH ONLY.

Multi-familyProperty Type

1943Year Built

5,227 sq ftLot Size

$108Price/Sq.Ft.

Listed by Matt Murray • Cascade Hasson Sotheby's International Realty

Listed by Kris Kachirisky • Cascade Hasson Sotheby's International Realty

Bought with Corey Kennedy • Redfin

Redfin checked: 2 minutes ago

•Source:RMLS #358980332

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in Homestead, OR

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

100.7%

+0.9% MoM

Median sale price

$444K

$786 MoM

Avg. days on market

37d

13 days MoM

Recently sold homes

1 MoM

New listings for sale

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Declan O'Connor • Cascade Hasson Sotheby's International Realty
$399,900
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Tim Hardy • Keller Williams Realty Professionals
OPEN TODAY, 12PM TO 2PM
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Lillian Foster • Move Real Estate Inc
$260,000
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Annie Leonard • Windermere Realty Trust
See all

Provided by Redfin

Sale history for 3411 SW US Veterans Hospital Rd SW

Tax history for 3411 SW US Veterans Hospital Rd SW

*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

Baths

Stories

Lot width

—

Lot depth

—

Lot size

5,200 Sq. Ft.

Year renovated

1943

Sq. Ft.

2,095

Year built

1943

Style

Other

County

Multnomah County

APN

R247230

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 15, 2026.

RM3

Residential Multi-Dwelling 3 Zone

The RM3 zone is a medium to high density multi-dwelling zone applied near the Central City, and in centers, station areas, and along civic corridors that are served by frequent transit and are close to commercial services. It is intended for compact, urban development with a high percentage of building coverage and a strong building orientation to the pedestrian environment of streets. This zone is intended for areas where the established residential character includes landscaped front setbacks. Allowed housing is characterized by mid-rise buildings up to six stories tall. The Design overlay zone is applied to this zone.

Zone overlays

Design Overlay Zone

Permitted uses

Include but are not limited to:

Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Park & open space

Feb 19, 2025 • Final

Housing

Address a collapsing retaining wall causing settlement in a neighboring property. Repair a basement door that cannot be opened and address increasing cracks in the walls.

Demolition

Grading

Jun 29, 2021 • Final

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: Driveway

Interior

Appliances
Hot Water Description: Gas

Interior Features
Basement: Exterior Entry

Exterior

Exterior Features
Roof: Composition
Exterior Description: Wood Siding
Unreinforced Masonry Bldg: Unknown

Lot Information
Lot Size Square Feet: 5,227
Lot Size Range: 5,000 to 6,999 SqFt
Lot Size Acres: 0.12
Lot Size: 5,000 to 6,999 SqFt
Lot Features: Sloped
Parcel Number: R247230
Road Surface Type: Paved

Property Information
Property Type: Multi Family
Property Attached YN: No
Property Condition: Approximately
Security Features: Unknown
View YN: No

Building Information
Year Built: 1943
Building Area Total: 2,309
Foundation Details: Other

Financial

Tax Information
Tax Year: 2024
Tax Legal Description: PORTLAND CITY HMSTD, BLOCK 60, W OF CO ST NO 1101, S 15' OF LOT 3
Tax Annual Amount: $11,166.40

Rent Information
Rent Includes: Trash Collection

Utilities

Utility Information
Green Certification YN: No
Fuel Description: Gas
Water Source: Public Water
Sewer: Public Sewer

Heating & Cooling
Heating YN: Yes
Heating: Forced Air
Cooling YN: No

Location

Multi Unit Information
# Of Units Total: 5

Unit Information
Unit Type: 1, 2, 3, 4, 5

Unit Type 1 Information
Actual Rent: $899
Area: 400
Baths Total: 1
Features: Range, Refrigerator
Units Total: 1

Unit Type 2 Information
Actual Rent: $850
Area: 400
BathsTotal: 1
Features: Range, Refrigerator
Units Total: 1

Unit Type 3 Information
Actual Rent: $899
Area: 400
Baths Total: 1
Features: Range, Refrigerator
Units Total: 1

Unit Type 4 Information
Actual Rent: $999
Area: 400
Baths Total: 1
Features: Range, Refrigerator
Units Total: 1

Unit Type 5 Information
Actual Rent: $1,399
Area: 495
Baths Total: 1
Beds Total: 1
Features: Range, Refrigerator
Units Total: 1

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

Location Information
Directions: SW US Veterans Hospital Rd/SW 10th Ave
Unparsed Address: 3411 SW US VETERANS HOSPITAL RD SW, Portland, OR 97239

Community Information
Community Features: Laundry
Zoning: RM3

Public facts

Beds: 5
Baths: 5.0
Sq. Ft.: 2,095
Stories: 1.0
Lot Size: 5,200 square feet
Style: Other
Year Built: 1943
Year Renovated: 1943
County: Multnomah County
APN: R247230

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

Ainsworth Elementary School

Public K-5 • Assigned • 0.9mi

9/10

West Sylvan Middle School

Public 6-8 • Assigned • 3.5mi

6/10

Lincoln High School

Public 9-12 • Assigned • 1.5mi

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

2/10 Heat Factor

7 days above 91° expected this year, 14 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)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

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Monika Gray • Opt

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John Kearney • You Realty

OPEN TODAY, 1PM TO 3PM

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Jessica Karman • Windermere Realty Trust

OPEN TODAY, 11AM TO 12:30PM

$920,000

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OPEN TODAY, 12PM TO 2PM

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3 beds1 bath1,842 sq ft

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Lillian Foster • Move Real Estate Inc

Home values near 3411 SW US Veterans Hospital Rd SW

Data from public records.

Address	Redfin Estimate
3333 Southwest US Veterans Hospital Rd, Portland, OR 5 Beds \| 4 Baths \| 2528 Sq. Ft.	$667,645
3321 Southwest US Veterans Hospital Rd, Portland, OR 3 Beds \| 3 Baths \| 2980 Sq. Ft.	—

Address	Redfin Estimate
3325 Southwest US Veterans Hospital Rd, Portland, OR 3 Beds \| 3 Baths \| 1680 Sq. Ft.	$593,759
3328 Southwest 10th Ave Apt 3324, Portland, OR 3 Beds \| 2 Baths \| 1820 Sq. Ft.	$617,825

Address	Redfin Estimate
3409 Southwest US Veterans Hospital Rd, Portland, OR - Beds \| 2 Baths \| 750 Sq. Ft.	$419,660
3336 Southwest 10th Ave, Portland, OR 4 Beds \| 2 Baths \| 1946 Sq. Ft.	$556,477

Property information provided by RMLS when last listed in 2025. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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