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3602 S Kelly Ave, Portland, OR 97239
About this home
Incredibly well-maintained inv. prop. by attentive owners who screen! Rents $1490-$1560 w/ pet rent. Units have w/d/r/r & fireplace. MFNW leases with "commonly" OHSU employee/students. 5 back decks replaced 2017/2018, stained 2020, 2 units turned 2020, 3 turned 2019, so quite fresh inside. Certainteed 50 yr roof 4 yrs ago. Hardiplank siding & Milgard windows 9 yrs ago, parking + storage, owner storage. Owner pays w/s/g. 2 tax lots sell together can finance separate.

Redfin Estimate
Market trends in South Portland, OR
Last updated September 2026
Buyer's Market
Seller's Market
Balanced market
- NEW 3 HRS AGO$1,200,0006 beds4 baths— sq ft3417 SW Naito Pkwy, Portland, OR 97239Douglas Hurlburt • Realty-Match.com
- 3D WALKTHROUGH$1,197,0003 beds3 baths3,222 sq ft4321 SW Dosch Rd, Portland, OR 97239Connor McWilliams • Kelly Right Real Estate of Portland, LLC
- $400,0003 beds3 baths1,712 sq ft4906 SW 1st Ave, Portland, OR 97239Jessica Berger • Cascade Hasson Sotheby's International Realty
- 3D WALKTHROUGH
- OPEN OCT 27, 11AM TO 1PM
- $590,0003 beds3 baths1,375 sq ft2723 SW Carolina St, Portland, OR 97239Mercede Azizi • Archibald Relocation
- VIDEO TOUR$420,0003 beds1 bath960 sq ft322 S Nebraska St, Portland, OR 97239Alexander Roy • Premiere Property Group, LLC
- VIDEO TOUR
See all
Provided by Redfin
Sale history for 3602 S Kelly Ave
$144/sq ft
$288/sq ft
$40/sq ft
$14/sq ft
$54/sq ft
$0/sq ft
$54/sq ft
Tax history for 3602 S Kelly Ave
*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
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.Include but are not limited to:
- Housing
- Housing-Group
- Housing-Single unit
- Housing-Multiple units
- Housing-Senior
Remodel
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: Assigned, Paved
Interior
- Appliances
- Hot Water Description: Electricity
- Interior Features
- Storage: Individual Storage Units
- Basement: Crawl Space, Partial Basement, Storage Space
- Multi Unit Information
- # Of Units Total: 6
- Unit Information
- Unit Type: 1, 2, 3, 4
- Unit Type 1 Information
- Actual Rent: $1,490
- Area: 864
- Baths Total: 1
- Beds Total: 2
- Features: Deck, Dishwasher, Fireplace, Washer/Dryer
- Units Total: 2
- Unit Type 2 Information
- Actual Rent: $1,560
- Area: 864
- BathsTotal: 1
- Beds Total: 2
- Features: Deck, Dishwasher, Fireplace, Washer/Dryer
- Units Total: 2
- Unit Type 3 Information
- Actual Rent: $1,530
- Area: 864
- Baths Total: 1
- Beds Total: 2
- Features: Deck, Dishwasher, Fireplace, Washer/Dryer
- Units Total: 1
- Unit Type 4 Information
- Actual Rent: $1,515
- Area: 864
- Baths Total: 1
- Beds Total: 2
- Features: Deck, Dishwasher, Fireplace, Washer/Dryer
- Units Total: 1
Exterior
- Exterior Features
- Roof: Fiberglass
- Exterior Description: Cement Siding
- Unreinforced Masonry Bldg: No
- Lot Information
- Lot Size Range: 7,000 to 9,999 SqFt
- Lot Size: 7,000 to 9,999 SqFt
- Lot Features: Gentle Sloping
- Parcel Number: R129237
- Parcel Number 2: R129236
- Road Surface Type: Paved
- Property Information
- Property Type: Multi Family
- Property Attached YN: No
- Property Condition: Updated/Remodeled
- View YN: Yes
- View Description: City, Mountain(s)
- Building Information
- Year Built: 1980
- Building Area Total: 5,184
- Foundation Details: Concrete Perimeter
Financial
- Tax Information
- Tax Year: 2020
- Tax Legal Description: CARUTHERS ADD, BLOCK 154, INC PT VAC ST-N 10' OF LOT 8
- Tax Annual Amount: $19,048.66
- Rent Information
- Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water
- Lease / Rent Information
- CAP Rate: 4.1
- Gross Rent Multiplier: 13.62
Utilities
- Utility Information
- Green Certification YN: No
- Fuel Description: Electricity
- Internet Service Type: Cable, DSL
- Water Source: Public Water
- Sewer: Public Sewer
- Heating & Cooling
- Heating YN: Yes
- Heating: Baseboard
- Cooling YN: No
Location
- School Information
- Elementary School: Capitol Hill
- Middle Or Junior School: Jackson
- High School: Wilson
- Location Information
- Directions: Naito to Gibbs to Kelly
- Unparsed Address: 3602 S KELLY AVE, Portland, OR 97239
- Community Information
- Neighborhood Features: Pedestrian bridge to S Waterfront/Tram
- Zoning: RM1
Public facts
- Beds: —
- Baths: 3.0
- Sq. Ft.: 2,592
- Stories: 2.0
- Lot Size: 4,000 square feet
- Style: Multi-Family (2-4 Unit)
- Year Built: 1980
- Year Renovated: 1980
- County: Multnomah County
- APN: R129237
Other
- Listing Information
- MlsStatus: Sold
- Listing Price Information
- Price Type: List Price
- Remarks
- Distance To Bus Comments: 0.20 miles
- Distance To Multi Use Path Comments: 0.30 miles
- Distance To Public Park Comments: 0.25 miles
- Public Remarks Amenities: Walkscore 83, Bikescore 80, Transitscore 68.
Around this home
Schools
Public K-5 • Assigned • 2.5mi
Public 6-8 • Assigned • 3.7mi
Public 9-12 • Assigned • 1.6mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 92° expected this year, 15 days in 30 years
Minimal risk of severe winds over next 30 years
19 unhealthy days expected this year, 20 days in 30 years
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.
Nearby similar homes
New listings for sale in 97239
Home values near 3602 S Kelly Ave
| Address | Redfin Estimate |
|---|---|
2 Beds | 2.5 Baths | 1496 Sq. Ft. | $454,436 |
2 Beds | 1 Baths | 1536 Sq. Ft. | $507,766 |
| Address | Redfin Estimate |
|---|---|
2 Beds | 3 Baths | 1496 Sq. Ft. | $516,000 |
3 Beds | 2 Baths | 2030 Sq. Ft. | $729,181 |
| Address | Redfin Estimate |
|---|---|
6 Beds | 3 Baths | 2592 Sq. Ft. | $711,375 |
3 Beds | 1.5 Baths | 2140 Sq. Ft. | $638,847 |
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