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About this home
A rare opportunity to create your dream urban compound in one of Portland’s most sought after neighborhoods. This unique property features a classic Victorian streetscape with multiple flexible living spaces, making it ideal for multigenerational living, extended family, guests, creative studios, or work-from-home lifestyles. Ready for your vision and renovation, the possibilities are endless. Zoned RM1, property could be FOUR separate units: main home with 1bd/1ba, a walk-out lower-level 1bd/1ba apartment, a detached studio with full kitchen, bath, and loft bedroom, and an attached two-story casita with 2bd/1ba. Major updates include a new sewer line (2022), newer HVAC in the main house, and AC throughout. Just half a block from Irving Park and minutes to the Alberta Arts and Mississippi Districts, you’ll enjoy Portland’s best cafés, restaurants, boutiques, and parks. A truly one-of-a-kind property for those who appreciate character, creativity, and the vibrant spirit of inner Northeast Portland.
Single-familyProperty Type
1900Year Built
5,227 sq ftLot Size
$247Price/Sq.Ft.
Listed by Kathleen O'Donnell• ODonnell Group Realty
Eliot, located between the Willamette River and NE 33rd Avenue, is a historic and industrial Portland neighborhood with riverfront edges and a warehouse-to-workshop streetscape. The neighborhood’s character concentrates around N Mississippi Avenue near Skidmore Street, where sidewalk patios, indie boutiques, and small galleries cluster in a steady hum. Community pillars include Mississippi Studios for live music, Prost! for beer-hall energy, and the historic Wonder Ballroom for concerts and events. Early-20th-century houses line leafy blocks, while brick commercial buildings and light-industrial lots shape the main corridors. Dawson Park and the nearby riverbank paths add open-air breathing room. I-5 and the Broadway Bridge frame the geography with a distinctly urban feel.
Provided by Walk Score and Local Logic
Offer insights
446 NE Ivy St · $745,000
$745K and above
75% chance or better to win
Why $745K+ is a strong offer
DAYS ON MARKET
68 days
The average home goes pending in 26 days.
SALE-TO-LIST
99.7%
Most homes are selling 0% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Accessory dwelling unit
High ceilings
Laundry area
Wood floors
Daylight full basement with separate living quarters / apartment / auxiliary living unit
Optional main-level area (1,400)
Bedrooms
Primary bedroom on the main level
Second bedroom
Third bedroom
Bathrooms
Four full bathrooms (three on main level, one on lower level)
Kitchen
Free-standing range
Free-standing refrigerator
Gas appliances
Laundry & utility
Laundry (listed as interior feature)
Gas hot water
Flooring
Wood floors
Heating & cooling
Forced air heating
Central air
Mini split cooling
Fuel: Electricity and Gas
Exterior features
Patio
Porch
Yard
Level lot
Paved road access
Home design
Single family residence
Residential property
Not attached
Fixer condition
No view
Parking
Driveway
On-street parking
Construction
Wood siding exterior
Composition roof
Built in 1900
Building area (tax): 3,018; Calculated building area: 1,218
Utilities
Public water
Public sewer
Other
Lot roughly 5,000–6,999 sq ft (approx. 0.12 acre)
Electricity and solar
View estimated energy costs and solar savings for this home
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
Sep 3, 2026 • Final
Electrical
Electrical
HVAC
Aug 31, 2026 • Final
Mechanical
Heat pump
HVAC
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, 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 • 97212
Average low and high temperatures (°F)
47
36
50
38
57
44
65
46
70
51
76
55
82
59
82
63
76
58
63
49
53
44
51
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
58/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
6.4 hrs
2.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 446 NE Ivy St
There isn’t enough information to generate an accurate estimate at this time. Learn More
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