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About this home
Location, location, location - first time buyers, investors and house hackers take note! This turnkey 5-bedroom Victorian in a high demand area has a documented rental history consistently generating over 3k per month. Excellent proximity to both PSU and OHSU campuses entices a large pool of renters and increases rental value - not to mention presenting opportunities for mid-term rentals. Large common areas like the spacious living room and updated kitchen with quartz countertops and newer stainless steel appliances make this charming Victorian a perfect fit! First time buyers will appreciate the value and close-in location! Other perks include two updated bathrooms on the main and a patio perfect for outdoor hangs and barbecues. Plus an extremely low-maintenance yard and an impressive history of maintenance, repairs and updates including but not limited to: a new sewer line in 2023, new furnace 2023, much of siding replaced with hardiplank, partial roof replacement 2020, upgraded electrical service, newer flooring and more. All just a short walk from PSU, OHSU and attractive local amenities like the PSU farmer’s market and the Duniway Park track, with inspiring city views, a Mt Hood view from the primary, excellent public transit (Transit Score 87) and a desirable school district. Come tour your next great investment! [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10010174]
South Portland, located between the South Waterfront and Lair Hill, is a riverfront and residential Portland neighborhood with modern condo towers and greenway trails. The neighborhood’s character concentrates along SW Moody Avenue by the Portland Aerial Tram and OHSU’s South Waterfront campus, where cafes, riverwalk promenades, and bike traffic set a steady tempo. Pillars include the Portland Aerial Tram, the Center for Health & Healing, and the South Waterfront Greenway. Architecture leans contemporary—glass mid-rises, new construction, and clean-lined streetscapes—framed by the Willamette River. The riverwalk and pocket parks shape a daily rhythm of walking, cycling, and waterfront views. Streetcar tracks and pedestrian bridges tie the district to downtown and the Central Eastside.
Provided by Walk Score and Local Logic
Offer insights
653 SW Sherman St · $474,900
$475K and above
75% chance or better to win
Why $475K+ is a strong offer
DAYS ON MARKET
25 days
The average home goes pending in 25 days.
SALE-TO-LIST
99.8%
Most homes are selling 0% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Skylights
High ceilings
Closets in multiple rooms
Bedrooms
Primary bedroom on upper level with wood floors
Second bedroom on upper level with skylight and wood floors
Third bedroom on upper level with carpeted floor
Fourth bedroom on main level with carpeted floor
Fifth bedroom on lower level with closet and carpeted floor
Bonus room on lower level with closet and vinyl floor
Bathrooms
Two full bathrooms (one on main level, one on upper level)
Kitchen
Dishwasher
Free-standing gas range
Free-standing refrigerator
Range hood
Quartz and solid surface countertops
Stainless steel appliances
Laundry & utility
Laundry area with washer/dryer
Gas hot water
Flooring
Wood floors
Luxury vinyl plank
Vinyl floor in some rooms
Tile floor
Wall-to-wall carpet
Heating & cooling
Forced-air heating (95%+ efficiency)
No central cooling
Exterior features
Porch
Yard
Level lot
Paved road frontage
City and territorial views
Home design
Single-family residence (resale)
Multiple levels with main, upper and lower areas
Built in 1880
Composition roof
Exterior siding includes asbestos, cement and shake
Parking
On-street parking
Construction
Originally built in 1880
Composition roof
Asbestos, cement and shake siding
Partially finished basement with exterior entry
Utilities
Public water
Public sewer
Gas fuel
Green certified
HOA & community
Not a senior community
Other
Property has city and territorial views
Unbranded 3-D virtual tour available
Electricity and solar
View estimated energy costs and solar savings for this home
Fabulous location! Quiet street but easy walking distance to PSU and downtown. Zoning is high density. Sunny turn of the century Victorian. Liveable and rentable right now, but also needs renovation and repairs. Some character and charm . Fir floors, nice size rooms, high ceilings.
Year
Property tax
Land + Additions
Assessment*
2025
$7,245 (+3.7%)
2024
$6,985 (+4.0%)
2023
$6,716 (+2.2%)
2022
$6,571 (+1.7%)
2021
$6,460 (+9.0%)
2020
$5,926 (+3.8%)
2019
$5,708 (+3.0%)
2018
$5,540 (+4.3%)
2017
$5,310 (+9.3%)
2016
$4,859 (+34.0%)
2015
$3,626 (+3.7%)
2014
$3,496 (+10.9%)
2013
$3,151 (+12.4%)
2012
$2,805 (−5.1%)
2011
$2,956 (+2.7%)
2010
$2,878 (+2.7%)
2009
$2,802
Public record
Public record
Zoning
Permits
Beds
3
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
1,890 Sq. Ft.
Year renovated
1880
Finished Sq. Ft.
2,121
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,121
Year built
1880
Style
Single Family Residential
County
Multnomah County
APN
R128762
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 5, 2026.
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.
Zone overlays
Design Overlay Zone
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Park & open space
Jun 29, 2023 • Final
Plumbing
Plumbing
Feb 1, 2023 • Final
Bes - sewer connection plumbing
Construct a new sanitary sewer connection including a new wye at the curb and a cleanout in the lateral. Rebuild existing branches to the property line and tie into the existing lateral. Verify all depths and locations in the field.
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 91° 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, 20 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97201
Average low and high temperatures (°F)
46
37
49
39
56
44
64
46
70
51
75
55
81
59
83
62
76
58
62
49
52
44
50
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
64/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
7.5 hrs
2.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 653 SW Sherman St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $425,000 and $820,000.
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $425K to $820K.