2456 NE 7TH Ave, Portland, OR 97212

Classic Old Portland charm meets convenient investment opportunity with 4-year-old roof! This beautifully preserved Old-Portland style home has been converted to a legal duplex, offering flexibility for owner-occupants or investors alike. Each unit features separate gas heat and power for convenience and efficiency.

The main level showcases timeless character with hardwood floors, built-ins, and a cozy fireplace anchoring the living space. Period details blend seamlessly with functional updates, creating a warm, inviting atmosphere. Situated on a desirable corner lot, the property is framed by mature landscaping enhancing privacy and curb appeal.

Located in a vibrant inner NE Portland neighborhood with proximity to Irving Park, Alberta Park, and easy access to walking and biking routes. This property presents a strong opportunity for "house hacking," where an owner occupies one unit while renting the other to offset housing costs and build equity.

Financing options may include FHA, VA, or Freddie Mac Home Possible loans with low down payment options (as low as 0-3.5%), subject to buyer qualification; primary residence occupancy typically required. Buyer to verify eligibility and terms. Potential benefits may include reduced living expenses through rental income, equity building, and possible tax advantages (consult a qualified professional).

Buyers should verify Portland zoning and rental regulations. Currently configured as a legal duplex (converted in the 1940s during WWII-era housing expansion), the home may also function as a single-family residence. Potential reconfiguration could include removal of a non-structural wall at the top of the interior stairwell, subject to buyer verification and approvals.