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About this home
Charming 1924 Duplex in Foster-Powell. Offering classic character, solid bones, and excellent long-term rental stability. Each unit features 2 bedrooms and 1 bathroom, warm wood floors, a comfortable living area, and a functional kitchen layout. The property includes shared laundry and storage space in the basement. A nicely landscaped, fully fenced backyard provides outdoor enjoyment for tenants, and the separate studio offers exciting potential as a third unit, home office, or creative space. The exterior has recently been painted. With long-term tenants already in place, this is a fantastic chance for investors seeking steady income in one of SE Portland’s most vibrant neighborhoods or opportunity for a new homeowner to supplement their mortgage with rental income. See our virtual tour links for more information!
Foster-Powell, located between Mount Tabor and Lents, is a residential and commercial Portland neighborhood with a long stretch of storefronts and a grid of tree-lined side streets. The neighborhood’s character concentrates along SE Foster Road near SE 52nd Avenue, where taquerias, bottle shops, music rooms, and small galleries keep the sidewalks active. Vintage bungalows and mid-century ranches mix with newer townhomes, giving the blocks a layered, lived-in look. The Foster Floodplain Natural Area adds a quiet ribbon of wetlands and paths. Community pillars like the Clinton Street Theater, 5 & Dime, and Assembly Brewing anchor nights out with cult films, pinball, and wood-fired pies.
Provided by Walk Score and Local Logic
Offer insights
3815 SE 64th Ave · $565,000
$565K and above
75% chance or better to win
Why $565K+ is a strong offer
DAYS ON MARKET
127 days
The average home goes pending in 30 days.
SALE-TO-LIST
98.0%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Basement storage
Full, unfinished basement
Updated/remodeled condition
Wood floors in one unit
Range and refrigerator included in units
Bedrooms
Two 2-bedroom units
Bathrooms
Each unit has 1 bathroom
Kitchen
Range
Refrigerator
Laundry & utility
Electric hot water
Flooring
Wood floors (in at least one unit)
Heating & cooling
Forced air heating
No central cooling
Exterior features
Trees on the lot
View of trees/woods
Home design
Multi-family property
Not attached
Built in 1924
Parking
Driveway and on-street parking
Total of 1 designated parking space
Construction
Wood siding exterior
Composition roof
Concrete perimeter foundation
Utilities
Public water
Public sewer
Gas fuel
HOA & community
Zoned R5
Financial info
Two total units
Unit 1 (1,008 area) currently rents for $1,550
Unit 2 (700 area) currently rents for $1,395
Rent includes water, sewer and trash
Cap rate: 4.31
Gross rent multiplier: 16.27
Other
Lot size roughly 3,000–4,999 sq ft
Electricity and solar
View estimated energy costs and solar savings for this home
Charming 1924 Duplex in Foster-Powell. Offering classic character, solid bones, and excellent long-term rental stability. Each unit features 2 bedrooms and 1 bathroom, warm wood floors, a comfortable living area, and a functional kitchen layout. The property includes shared laundry and storage space in the basement. A nicely landscaped, fully fenced backyard provides outdoor enjoyment for tenants, and the separate studio offers exciting potential as a third unit, home office, or creative space. The exterior has recently been painted. With long-term tenants already in place, this is a fantastic chance for investors seeking steady income in one of SE Portland's most vibrant neighborhoods or opportunity for a new homeowner to supplement their mortgage with rental income.
RENT. #1
Mar 31, 2022
Price Changed
$1,395
$1/sq ft
RMLS #15595154
Dec 28, 2015
Sold
$359,900
$130/sq ft
Nov 5, 2015
Pending
—
Oct 4, 2015
Relisted
—
Aug 29, 2015
Pending
—
Aug 25, 2015
Listed
$359,900
$130/sq ft
Awesome investment opportunity in up and coming Foster / Powell area. Clean 2bd/1BA units which boast original fir floors. Shared laundry and storage in unfinished basement. Private backyard with separate studio space opens up opportunities for art studio, etc.
RMLS #15105730
Dec 28, 2015
Sold
$359,900
$130/sq ft
Nov 5, 2015
Pending
—
Oct 4, 2015
Relisted
—
Aug 29, 2015
Pending
—
Aug 25, 2015
Listed
$359,900
$130/sq ft
Public Records
Mar 22, 2002
Sold
$140,000
$51/sq ft
Public Records
Mar 31, 1995
Sold
$77,500
$28/sq ft
Public Records
Jan 11, 1994
Sold
$50,057
$18/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,962 (+3.7%)
2024
$4,783 (+4.0%)
2023
$4,600 (+2.2%)
2022
$4,500 (+1.7%)
2021
$4,424 (+9.0%)
2020
$4,059 (+3.8%)
2019
$3,910 (+3.0%)
2018
$3,795 (+4.3%)
2017
$3,637 (+9.3%)
2016
$3,328 (+2.7%)
2015
$3,241 (+1.5%)
2014
$3,192 (+2.4%)
2013
$3,118 (+10.5%)
2012
$2,821 (+3.9%)
2011
$2,715 (+5.4%)
2010
$2,576 (+2.7%)
2009
$2,508
Public record
Public record
Zoning
Permits
Beds
4
Baths
2
Stories
1
Lot width
40 ft.
Lot depth
100 ft.
Lot size
4,000 Sq. Ft.
Year renovated
1924
Finished Sq. Ft.
1,752
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,752
Year built
1924
Style
Multi-Family (2-4 Unit)
County
Multnomah County
APN
R204966
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 30, 2026.
R5
Residential 5,000 zone
The single-dwelling zones are intended to preserve land for housing and to provide housing opportunities for individual households. The zones implement the comprehensive plan policies and designations for single-dwelling housing and provide options for infill housing that is compatible with the scale of the single-dwelling neighborhood.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Jul 25, 2017 • Final
Plumbing
Install a new main water line.
Plumbing
Dec 7, 2015 • Final
Bes - sewer repair
Replace the existing utility line from the property to the face of the curb according to city standards. Install sleeving as required by the city's transportation department.
Gas
Plumbing
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.
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, 21 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97206
Average low and high temperatures (°F)
48
36
50
37
58
43
65
44
71
49
78
54
84
58
85
61
78
56
62
46
53
43
50
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
88/ 100
Very good sunlight
Sunscore
This home ranks in the top 23% for direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
4.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3815 SE 64th Ave
$555,924
$9,076 under list price of $565K
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $475K to $585K.