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- Property details
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645 SW Sherman St, Portland, OR 97201
About this home
Excellent investment opportunity in the heart of it all! This Duplex property was built in the late 1880's and has been owned by the same family for many decades. Spacious units with city views from upstairs bedrooms. One unit is vacated, the other unit is currently leased - tenant would like to stay. Future development possibilities are seemingly endless with RH Zoning! Close proximity to OHSU, PSU, I-405, & downtown Portland.

Redfin Estimate
Market trends in South Portland, OR
Last updated October 2026
Buyer's Market
Seller's Market
Balanced market
- 3D & VIDEO TOUR$500,0001 bed2 baths1,051 sq ft3118 SW 4th Ave, Portland, OR 97201April Esposito • Works Real Estate
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Provided by Redfin
Sale history for 645 SW Sherman St
$116/sq ft
$137/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
- Public record
- Zoning
RM4
D
Residential Multi-Dwelling 4 zone
The RM4 zone is a high density, urban-scale multi-dwelling zone applied near the Central City, and in town centers, station areas, and along civic corridors that are served by frequent transit and are close to commercial services. It is intended to be an intensely urban zone with a high percentage of building coverage and a strong building orientation to the pedestrian environment of streets, with buildings located close to sidewalks with little or no front setback. This is a mid-rise to high-rise zone with buildings of up to seven or more stories. The Design overlay zone is applied to this zone.- Design Overlay Zone
Include but are not limited to:
- Housing
- Housing-Group
- Housing-Single unit
- Housing-Multiple units
- Housing-Senior
- Park & open space
Property details
Parking
- Parking Information
- Parking Features: Attached, Garage
- Parking Total: 2
Interior
- Appliances
- Hot Water Description: Gas
- Interior Features
- Storage: Basement, Garage(s)
- Basement: Full Basement
- Multi Unit Information
- # Of Units Total: 2
- Unit Information
- Unit Type: 1, 2
- Unit Type 1 Information
- Actual Rent: $1,500
- Area: 1,955
- Baths Total: 1
- Beds Total: 2
- Features: Range, Storage, Unfurnished, Washer/Dryer Hookup
- Units Total: 1
- Unit Type 2 Information
- Actual Rent: $1,600
- Area: 2,055
- BathsTotal: 1
- Beds Total: 3
- Features: Range, Storage, Unfurnished, Washer/Dryer Hookup
- Units Total: 1
Exterior
- Exterior Features
- Roof: Composition
- Exterior Description: Vinyl Siding
- Lot Information
- Lot Size Range: 5,000 to 6,999 SqFt
- Lot Size: 5,000 to 6,999 SqFt
- Lot Features: Gentle Sloping
- Parcel Number: R128763
- Property Information
- Property Type: Multi Family
- Property Attached YN: No
- Property Condition: Approximately
- View YN: Yes
- View Description: City
- Building Information
- Year Built: 1890
- Building Area Total: 4,010
Financial
- Tax Information
- Tax Year: 2018
- Tax Legal Description: CARUTHERS ADD, BLOCK 36, E 50' OF LOT 3&4
- Tax Annual Amount: $9,214.76
- Rent Information
- Rent Includes: Sewer, Trash Collection, Water
- Lease / Rent Information
- CAP Rate: 4.46
- Gross Rent Multiplier: 14.78
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 - 95+%
- Cooling YN: No
Location
- School Information
- Elementary School: Ainsworth
- Middle Or Junior School: West Sylvan
- High School: Lincoln
- Location Information
- Directions: SW Broadway, East on SW Sherman
- Unparsed Address: 645 SW SHERMAN ST, Portland, OR 97201
- Community Information
- Zoning: RH
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: —
- Style: Multi-Family (2-4 Unit)
- Year Built: —
- Year Renovated: —
- County: Multnomah County
- APN: R128763
Other
- Listing Information
- MlsStatus: Sold
- Listing Price Information
- Price Type: List Price
Around this home
Schools
- K - 12
- Preschool & daycare
Public K-5 • Assigned • 0.7mi
Public 6-8 • Assigned • 3.7mi
Public 9-12 • Assigned • 0.9mi
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 91° 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 9.5 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 97201

Home values near 645 SW Sherman St
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 2417 Sq. Ft. | — |
5 Beds | 2 Baths | 2509 Sq. Ft. | — |
1 Beds | 1 Baths | 628 Sq. Ft. | $337,934 |
1 Beds | 1 Baths | 669 Sq. Ft. | $200,846 |
1 Beds | 1 Baths | 669 Sq. Ft. | $221,323 |
1 Beds | 1 Baths | 669 Sq. Ft. | $201,690 |
4 Beds | 1 Baths | 1950 Sq. Ft. | $542,927 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 2300 Sq. Ft. | $501,565 |
3 Beds | 2 Baths | 2928 Sq. Ft. | $576,150 |
1 Beds | 1 Baths | 626 Sq. Ft. | $185,136 |
- Beds | 1 Baths | 687 Sq. Ft. | $199,208 |
1 Beds | 1 Baths | 687 Sq. Ft. | $217,709 |
3 Beds | 2 Baths | 1404 Sq. Ft. | $502,962 |
- Beds | 1 Baths | 573 Sq. Ft. | $163,234 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 1397 Sq. Ft. | $483,721 |
2 Beds | 2 Baths | 1856 Sq. Ft. | $565,970 |
1 Beds | 1 Baths | 573 Sq. Ft. | $198,499 |
1 Beds | 1 Baths | 581 Sq. Ft. | $194,672 |
- Beds | 1 Baths | 396 Sq. Ft. | $174,718 |
3 Beds | 3 Baths | 2336 Sq. Ft. | $445,918 |
2 Beds | 1 Baths | 896 Sq. Ft. | $263,086 |
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