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About this home
Great investment opportunity,ready for condo conversion (insulated walls w/ fire sprinklers).Great location Minutes to downtown, PCC, Louis & Clark, Fred Meyer & Safeway.Many updates Such as new Roof,siding,widowes,doors Brand new decking,floor,appliance,Cabinet,marble counter top,Brand new bathroom all tiles & shower,glass door. Brand new heat pumps. All update are completed on 2024. Home Energy Score for Unit 2 is available at:https://us.greenbuildingregistry.com/green-homes/OR10247682Home Energy Score for Unit 3 is available at:https://us.greenbuildingregistry.com/green-homes/OR10247684 [Home Energy Score = 8. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10247683]
Hillsdale, located between Multnomah Village and Lake Oswego, is a residential and commercial Portland neighborhood with a hillside setting and a compact town-center strip. The neighborhood’s character concentrates along SW Capitol Hwy at SW Sunset Blvd, where sidewalk cafes, local services, and small storefronts cluster around steady foot traffic. Community pillars include the Hillsdale Farmers Market, Baker & Spice, and the historic Capitol Hill Library. Mid-century ranches and newer infill sit on winding streets that rise toward wooded slopes. Ridges and green corridors shape daily routes, with trailheads and parks threading into nearby natural areas. Transit lines along Capitol Highway tie the district to the rest of the city.
Provided by Walk Score and Local Logic
Offer insights
7943 SW 17th Ave · $1,290,000
$1.27M and above
75% chance or better to win
Why $1.27M+ is a strong offer
DAYS ON MARKET
162 days
The average home goes pending in 61 days.
SALE-TO-LIST
97.7%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Crawl space basement
Updated/remodeled condition
Green certified
Bedrooms
Three 2-bedroom units (one 2-bed in each unit type)
Bathrooms
Two units with 1 bathroom and one unit with 2 bathrooms
Kitchen
Dishwasher in all units
Disposal in two units
Range in one unit
Refrigerator in all units
Laundry & utility
Electric hot water
Heating & cooling
Baseboard heating
Heat pump
Mini-split heating and cooling
Mini-split cooling
Exterior features
Lap siding exterior
Level lot
On bus line
Paved road access
Home design
Multi-family property
Not attached
No notable view
Parking
Assigned parking
Total of 8 parking spaces
Construction
Built in 2001
Composition roof
Concrete perimeter foundation
Utilities
Public water
Public sewer
Electric service
Financial info
Three total units
Unit rents: $2,100; $2,150; $2,400
Building area total about 3,150
Cap rate 5.08
Gross rent multiplier 16.17
Other
Zoning: R2
Electricity and solar
View estimated energy costs and solar savings for this home
"Great investment opportunity/location; ready for condo conversion (insulated w/ fire sprinklers). Minutes to downtown, PCC, Louis & Clark, Fred Meyer & Safeway. Updated units w/ paint & flooring;1 has bamboo & another has pergo floors. Open great room concept, large kitchen w/ laundry closet & formal dining on main. 2 large bedrooms w/ vaults and a full bath on upper floor. Fenced backyards w/ decks per unit. Great rental history.RENT COULD GO UP TO $2,500 PER MONTH EACH UNIT.
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
Oct 12, 2023 • Final
Tree code
Remove trees from a private property.
Grading
Sep 6, 2000 • Final
Mechanical
New construction
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, 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 • 97219
Average low and high temperatures (°F)
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43
64
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83
58
84
62
76
58
61
49
52
44
50
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Oct
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Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.2 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 7943 SW 17th Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $695,000 and $1,250,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $695K to $1.3M.