446 NE IVY ST, Portland, OR 97212

Property Description

INVESTMENT ALERT! Rare opportunity to restore one of just three charming Victorian homes on NE Ivy. Zoned RM1, this unique property includes FOUR separate living spaces: the main home with one bedroom and one bath, a walk-out lower-level one-bedroom apartment, a detached studio with full kitchen, bath, and loft bedroom, and an attached two-story casita with two bedrooms and one bath.Ready for renovation and proper permitting for ADUs, this is an ideal sweat equity project for those wanting to live in one and rent the others, or create a four-unit investment property with long-term upside. Major updates include a new sewer line (2022), newer HVAC in the main house, and AC throughout.Just blocks from Irving Park, restaurants, cafés and shops, with easy bike access to downtown and the Pearl District. Historic character, multiple income opportunities, and plenty of upside in Portland's inner northeast.