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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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1511 NE Hancock St , Portland, OR 97212
$1,125,000
Est. Payment: $5,745.55/mo
7 Bed
4 Bath
7822 Sqft
Status: Pending | Days on site: 9
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WHIN03 - WEITHMAN
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House Description

Vintage Mid-Century 4-Plex. Just two blocks from the vibrant NE Broadway corridor, this well-preserved 1955 Mid-Century Ranch offers a rare opportunity to own an authentic piece of Irvington while enjoying immediate income with exceptional long-term potential. Original hardwood floors, vintage birch cabinetry & hardware, period tile, wood-burning fireplaces, generous storage, and classic red brick architecture celebrate an era of craftsmanship and thoughtful efficiency that continues to resonate with today's renters seeking warmth, character, and authenticity. With approximately 3,911 square feet above and below grade, the property includes three spacious two-bedroom residences and one one-bedroom unit. Each offers comfortable single-level living above a private full basement with laundry, utility sink, high ceilings, and abundant storage. Each basement can be accessed directly from the unit's back door and locked off from the main level, creating intriguing possibilities for future expansion and additional income potential (buyer to perform due diligence). Three homes include dedicated garage spaces, while the attached three-car garage offers additional possibilities for those with a visionthe property offers approximately 3,846 square feet of living area above grade, plus an additional 3,846 square feet of basement space. Current rents are well below market for their size, presenting an opportunity to thoughtfully restore and reposition an authentic mid-century asset through updates that celebrate its architectural character while enhancing its appeal to future tenants. The property's outdoor spaces offer opportunities for reinvention as well. Minutes from downtown Portland, the Moda Center, transit, and some of the city's most beloved neighborhoods, this is a rare opportunity for an owner-occupied complex or long-term investment in one of Portland's most desirable urban neighborhoods, with the potential to thoughtfully enhance both livability and long-term value.

Highlights

Listed by Jeff Weithman , 503-975-7788 Where, Inc , 503-222-4373. Portland Regional Multiple Listing Service mls logo

Property Type

Multi-Family

Lot/Acreage
0.16

Year Built

1955

County

Multnomah

Area

142 - Portland Northeast

Neighborhood

Irvington

Listing ID

601661489

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:7
  • Bathrooms:4
  • Full Bathrooms:4
Basement:Exterior Entry,Full Basement,Storage Space
Water:Public Water

Exterior Features

Lot:Corner Lot,Level,On Busline
Garage Capacity:3
Zoning:RM2
Roof:Composition
Others:
  • Additional:Existing
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$5,746
Taxes
$950

Home Price

$1,125,000

Loan Details

30 yrs
6.596%

Down Payment

20%
$225,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,745.55

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,745.55 $949.63 $0.00 $6,695.18
Yearly $68,946.62 $11,395.56 $0.00 $80,342.18
Total $2,068,398.63 $341,866.80 $0.00 $2,410,265.43

Today's Rates

30 Year

6.6%

20 Year

6.33%

15 Year

6.05%

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Market insight data is pulled from the same city as the listing being viewed (Portland, OR).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.


The data relating to real estate for sale on this web site comes in part from the Portland Regional Multiple Listing Service. Real estate listings held by brokerage firms other than The AskSarita Team | Keller Williams Sunset Corridor are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor technology provider shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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Data last updated: 2026-09-07T13:53:59.000Z

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