This neo-classical Portland bungalow offers a rare combination of historic charm and zoning flexibility and is located in one of Portland’s most dynamic neighborhoods. Whether you envision a residential opportunity, a small business, or a mixed-use development, the possibilities are endless. This Creston-Kenilworth cutie is ready for your personal touches with potential for a unit or ADU in the finished basement. The main floor has two ample bedrooms with hardwood floors and lots of natural light, a bathroom with a huge linen closet, the kitchen has a bright eating nook and lots of cabinets for storing all your gourmet treats and cooking gadgets and the living room is about as classic as it gets complete with picture rail, fireplace and even a coat closet, a rare find in these 1928 bungalows! In the basement we've got another bathroom and so much potential for another unit with a separate entrance, bathroom, bonus room and plumbing stubbed out for the wet bar. This property is complete with a long driveway for plenty of off-street parking, garage and a sizeable backyard for your gardening dreams and hanging with friends & family. With it's long-term potential value, flexible CM2 commercial zoning for; retail, office, personal services, live/work space, possible mixed-use development or building additional units for residential or commercial use, this property is perfect for investors, developers, or those seeking to purchase a home sweet home in a thriving neighborhood. Walk Score 93, Bike Score 99 [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10241174]
Conveniently located home with off street parking and a large yard. Interior freshly painted.
1 year ago• May not reflect the current state of the home
Joe Donaldson
Redfin Associate agent
Sale history for 5130 SE Bush St
Date
Event
Price
RMLS #381710683
Mar 6, 2026
Sold
$389,900
$218/sq ft
Feb 1, 2026
Pending
—
Jan 22, 2026
Price Changed
$389,900
$218/sq ft
Jan 10, 2026
Price Changed
$394,900
$220/sq ft
Nov 28, 2025
Price Changed
$399,900
$223/sq ft
Oct 10, 2025
Price Changed
$424,900
$237/sq ft
Sep 5, 2025
Price Changed
$434,900
$243/sq ft
Aug 8, 2025
Listed
$439,900
$245/sq ft
Public Records
Jun 17, 2004
Sold
$164,400
$92/sq ft
Public Records
Nov 28, 2001
Sold
$125,000
$70/sq ft
Public Records
Jul 1, 1994
Sold
$70,000
$39/sq ft
Public Records
Aug 25, 1992
Sold
$44,000
$25/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,400 (+3.7%)
2024
$4,242 (+4.0%)
2023
$4,079 (+2.2%)
2022
$3,990 (+1.7%)
2021
$3,923 (+9.0%)
2020
$3,599 (+3.8%)
2019
$3,467 (+3.0%)
2018
$3,365 (+4.3%)
2017
$3,225 (+9.3%)
2016
$2,951 (+2.7%)
2015
$2,874 (+1.6%)
2014
$2,830 (+2.4%)
2013
$2,765 (+10.5%)
2012
$2,501 (+3.9%)
2011
$2,407 (+5.4%)
2010
$2,284 (+2.7%)
2009
$2,224
Tax history for 5130 SE Bush St
Year
Property tax
Land + Additions
Assessment*
2025
$4,400 (+3.7%)
2024
$4,242 (+4.0%)
2023
$4,079 (+2.2%)
2022
$3,990 (+1.7%)
2021
$3,923 (+9.0%)
2020
$3,599 (+3.8%)
2019
$3,467 (+3.0%)
2018
$3,365 (+4.3%)
2017
$3,225 (+9.3%)
2016
$2,951 (+2.7%)
2015
$2,874 (+1.6%)
2014
$2,830 (+2.4%)
2013
$2,765 (+10.5%)
2012
$2,501 (+3.9%)
2011
$2,407 (+5.4%)
2010
$2,284 (+2.7%)
2009
$2,224
*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
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
4,230 Sq. Ft.
Year renovated
1928
Sq. Ft.
924
Year built
1928
Style
Single Family Residential
County
Multnomah County
APN
R215130
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 30, 2026.
CM2
Commercial/Mixed Use 2
The Commercial/Mixed Use 2 (CM2) zone is a medium scale zone intended for sites in a variety of centers, along corridors, and in other mixed use areas that have frequent transit service. The zone allows a wide range and mix of commercial and residential uses, as well as employment uses that have limited off-site impacts. Buildings in this zone will generally be up to four stories tall unless height and floor area bonuses are used, or plan district provisions specify other height limits. Development is intended to be pedestrian-oriented, provide a strong relationship between buildings and sidewalks, and complement the scale of surrounding residentially zoned areas.
Permitted uses
Include but are not limited to:
Religious facility
Automotive repair garage
Day care facility
General retail
Hospital / medical center
Housing
Office
Educational / school
Recreation-Other
Park & open space
Mar 25, 2026 • Final
Electrical
Replace the electrical panel.
Electrical
Jun 23, 2004 • Final
Mechanical
Gas
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.