# 3604 SE 7TH Ave, Portland, OR 97202 > **TL;DR:** 6bd/4ba residential multi family, $450,000 ($189/sqft), built 1949, 2,376 sqft. Est. $2,406/mo. Listed 23 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $450,000 | | Price/sqft | $189 | | Bedrooms | 6 | | Bathrooms | 4 full | | Square Feet | 2,376 | | Year Built | 1949 | | Lot Size | 4,792 sqft (0.11 acres) | | Stories | 2 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 23 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,275 | | Estimated Insurance | $131 | | **Total** | **$2,406** | ## Nearby Schools - **Elementary:** Grout - **Middle:** Hosford - **High:** Cleveland ## Property Highlights - Built in 1949 - 0.11 acre lot - 2 stories ## Description ### Agent Description Value-add opportunity in SE Portland's Brooklyn neighborhood with potential for a 6-bedroom, 4-bath duplex. This vacant property offers flexibility for an investor or house hacker ready to put in the work and create long-term value. One side is largely finished with 3 bedrooms and 2 bathrooms, hardwood floors, an updated kitchen, abundant natural light and original character. Some TLC is still needed, including completion of a currently gutted bathroom. The second unit is laid out for an additional 3 bedrooms and 2 bathrooms but requires significant finishing, creating an opportunity to complete the space and generate additional rental income. Live in one side while completing the other, or finish the project and position both units for rental income. Both units are vacant, allowing a new owner to begin improvements immediately. A large 1,107 sq ft unfinished basement, not included in the stated 2,376 sq ft, provides substantial storage and possible future use, subject to buyer due diligence. With a 92 Bike Score and 79 Walk Score, plus convenient access to the MAX Orange Line, public transit and nearby parks, the location offers connectivity throughout inner SE Portland. Based on a property management company's pro forma, projected annual gross income is approximately $50,000, with approximately $20,000 in projected operating expenses and $30,000 in projected net operating income, reflecting a projected 6.67% cap rate and 9.0 gross rent multiplier. Property is currently vacant with no actual rental income or operating history. Cash or rehab financing only due to current condition. Buyer to verify square footage, permitted uses, renovation requirements, rental projections and future use possibilities. [Home Energy Score = 1. HES Report ## Location - **Address:** 3604 SE 7TH Ave, Portland, OR 97202 - **County:** Multnomah - **Neighborhood:** BROOKLYN NEIGHBORHOOD - **Coordinates:** 45.49683, -122.658597 - **Google Maps:** https://www.google.com/maps?q=45.49683,-122.658597 ## Listing Agent - **Name:** Angie Hobson - **Brokerage:** Summa Real Estate Group - **Broker Phone:** (503) 310-4776 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/3604-SE-7th-Ave_Portland_OR_97202_M11798-05916?f=listhub&s=RMLSOR&m=339184298&c=propsimple) ## Photos ![3604 SE 7TH Ave - Photo 1](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f1098516450r.jpg) ![3604 SE 7TH Ave - Photo 2](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f2784524319r.jpg) ![3604 SE 7TH Ave - Photo 3](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f2017225627r.jpg) ![3604 SE 7TH Ave - Photo 4](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f713054010r.jpg) ![3604 SE 7TH Ave - Photo 5](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f958997752r.jpg) ![3604 SE 7TH Ave - Photo 6](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f1706618920r.jpg) ![3604 SE 7TH Ave - Photo 7](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f3165591409r.jpg) ![3604 SE 7TH Ave - Photo 8](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f4029652609r.jpg) ![3604 SE 7TH Ave - Photo 9](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f251588554r.jpg) ![3604 SE 7TH Ave - Photo 10](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f3701401659r.jpg) ![3604 SE 7TH Ave - Photo 11](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f2538023316r.jpg) ![3604 SE 7TH Ave - Photo 12](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f3932379023r.jpg) ![3604 SE 7TH Ave - Photo 13](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f1260468312r.jpg) ![3604 SE 7TH Ave - Photo 14](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f1921108743r.jpg) ![3604 SE 7TH Ave - Photo 15](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f396033936r.jpg) ![3604 SE 7TH Ave - Photo 16](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f1954689991r.jpg) ![3604 SE 7TH Ave - Photo 17](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f4017451312r.jpg) ![3604 SE 7TH Ave - Photo 18](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f2120156284r.jpg) ![3604 SE 7TH Ave - Photo 19](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f4142478377r.jpg) ![3604 SE 7TH Ave - Photo 20](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f3697563927r.jpg) ![3604 SE 7TH Ave - Photo 21](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f2427868264r.jpg) ![3604 SE 7TH Ave - Photo 22](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f1836381121r.jpg) ![3604 SE 7TH Ave - Photo 23](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f1599418970r.jpg) ![3604 SE 7TH Ave - Photo 24](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f2783270522r.jpg) ![3604 SE 7TH Ave - Photo 25](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f1299674789r.jpg) ![3604 SE 7TH Ave - Photo 26](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f3786711487r.jpg) ![3604 SE 7TH Ave - Photo 27](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f400640376r.jpg) ![3604 SE 7TH Ave - Photo 28](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f1336690485r.jpg) ![3604 SE 7TH Ave - Photo 29](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f3835819348r.jpg) ![3604 SE 7TH Ave - Photo 30](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f2127969352r.jpg) ![3604 SE 7TH Ave - Photo 31](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f3286969388r.jpg) ![3604 SE 7TH Ave - Photo 32](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f3143060936r.jpg) ![3604 SE 7TH Ave - Photo 33](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f2463025251r.jpg) ![3604 SE 7TH Ave - Photo 34](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f2252158528r.jpg) ![3604 SE 7TH Ave - Photo 35](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f3690400845r.jpg) ![3604 SE 7TH Ave - Photo 36](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f1346124894r.jpg) ![3604 SE 7TH Ave - Photo 37](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f1273201481r.jpg) ![3604 SE 7TH Ave - Photo 38](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f1099789048r.jpg) ![3604 SE 7TH Ave - Photo 39](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f1397750341r.jpg) ![3604 SE 7TH Ave - Photo 40](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f2590491394r.jpg) ![3604 SE 7TH Ave - Photo 41](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f78158064r.jpg) ![3604 SE 7TH Ave - Photo 42](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f1125911916r.jpg) ![3604 SE 7TH Ave - Photo 43](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f4118689973r.jpg) ![3604 SE 7TH Ave - Photo 44](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f1183594608r.jpg) ![3604 SE 7TH Ave - Photo 45](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f1984272238r.jpg) ![3604 SE 7TH Ave - Photo 46](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f1518849615r.jpg) ![3604 SE 7TH Ave - Photo 47](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f2532169566r.jpg) ![3604 SE 7TH Ave - Photo 48](http://lh.rdcpix.com/b6136260b97feb59cae673294ec7479al-f3984021428r.jpg) --- **MLS#:** 339184298 | **Updated:** 2026-10-29 **Source:** listhub *Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/3604-se-7th-ave-portland-or-97202-b789e804a9da458c94b25e27a649d2bf) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/3604-se-7th-ave-portland-or-97202-b789e804a9da458c94b25e27a649d2bf#listing", "url": "https://www.propertysimple.ai/listing/3604-se-7th-ave-portland-or-97202-b789e804a9da458c94b25e27a649d2bf", "name": "3604 SE 7TH Ave, Portland, OR 97202", "description": "Value-add opportunity in SE Portland's Brooklyn neighborhood with potential for a 6-bedroom, 4-bath duplex. This vacant property offers flexibility for an investor or house hacker ready to put in the work and create long-term value. One side is largely finished with 3 bedrooms and 2 bathrooms, hardwood floors, an updated kitchen, abundant natural light and original character. Some TLC is still needed, including completion of a currently gutted bathroom. The second unit is laid out for an additional 3 bedrooms and 2 bathrooms but requires significant finishing, creating an opportunity to complete the space and generate additional rental income. Live in one side while completing the other, or finish the project and position both units for rental income. Both units are vacant, allowing a new owner to begin improvements immediately. A large 1,107 sq ft unfinished basement, not included in the stated 2,376 sq ft, provides substantial storage and possible future use, subject to buyer due diligence. With a 92 Bike Score and 79 Walk Score, plus convenient access to the MAX Orange Line, public transit and nearby parks, the location offers connectivity throughout inner SE Portland. Based on a property management company's pro forma, projected annual gross income is approximately $50,000, with approximately $20,000 in projected operating expenses and $30,000 in projected net operating income, reflecting a projected 6.67% cap rate and 9.0 gross rent multiplier. Property is currently vacant with no actual rental income or operating history. Cash or rehab financing only due to current condition. Buyer to verify square footage, permitted uses, renovation requirements, rental projections and future use possibilities. [Home Energy Score = 1. 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