3124 Se 20th Ave, Portland, OR

$1,550,000

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0.30

Acres

About 3124 Se 20th Ave

Rare opportunity to own an income-generating property with two detached homes on a spacious 13,000 sq ft RM2-zoned lot in desirable SE Portland. The 1,944 sq ft duplex offers two separate 2-bedroom, 1-bath units, plus a 964 sq ft unfinished basement. The second home provides approximately 1,682 sq ft with 3 bedrooms, 2.5 baths, and an additional 864 sq ft basement. Both homes feature fully fenced yards and share a detached three-car garage, with one space for the duplex and two for the second home. RM2 zoning provides future development flexibility, including potential for a larger, multi-story multi-dwelling project, subject to zoning requirements and buyer verification. An excellent opportunity for investors, owner-occupants, or multi-generational living, with multiple avenues for rental income and long-term growth. Conveniently located just six blocks from New Seasons Market and Clinton Community Garden, with nearby restaurants, coffee shops, parks, and neighborhood amenities. A rare SE Portland property offering immediate income potential, flexibility, and future development possibilities.

Features of 3124 Se 20th Ave

MLS® # 592486582
Price $1,550,000
Bathrooms 0.00
Acres 0.30
Year Built 1911
Type Multi Family
Status Active

Community Information

Address 3124 Se 20th Ave
Area 143 - Portland Southeast
City Portland
County Multnomah
State OR
Zip Code 97202

Amenities

Parking Spaces 9
Parking RV Access/Parking, Garage
# of Garages 3
Is Waterfront No
Has Pool No

Interior

Heating Forced Air
Fireplace No
# of Stories 3
Has Basement Yes
Basement Full Basement, Partially Finished

Exterior

Exterior Lap Siding
Lot Description Level
Roof Composition
Foundation Concrete Perimeter

School Information

Elementary Abernethy
Middle Hosford
High Cleveland

Additional Information

Date Listed September 3rd, 2026
Days on Market 19
Zoning RM2
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCascade Hasson Sotheby's International Realty

Listing Map

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