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Ryan Smith

ryan@thesmithpropertygroup.com +1(971) 801-9001

Listed by Knipe Realty ERA Powered • 503-939-4241

$ 839,900

Est. payment -/mo

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Price Dropped by $50K

519 VERMONT ST Portland, OR 97239

3,718 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,718 sqft

Price per Sqft $225

MLS Listing ID 406932377

HOA Y/N No

Year Built 1993

Annual Tax Amount $11,786

Tax Year 2025

Lot Size 5,227 Sqft

Property Description

Two homes on one tax lot in Portland's John's Landing corridor is not a common inventory event. In this zip code, that structure rarely surfaces. This is a real window of opportunity.The primary residence runs 2,600-plus square feet across three levels. Main floor delivers hardwood, a gas fireplace, and 20-foot ceilings with floor-to-ceiling windows. Primary suite is on the main level, ensuite with walk-in shower. Two additional ensuite bedrooms and a dedicated office upstairs. The rooftop terrace has unobstructed territorial views and a direct Mt. Hood sightline.The corner structure is a fully separate 1,100-square-foot, two-bedroom, one-bath residence with independent access. This is not a basement conversion. It is a standalone second home on the same RM1-zoned tax parcel, which carries real implications for financing strategy and long-term asset flexibility.OHSU's main campus is under one mile via Terwilliger. South Waterfront tram terminus is under 10 minutes. Willamette River trail access is direct. I-5 via Barbur puts downtown Portland under 8 minutes off-peak.At $839,900 across 3,718 square feet of livable space in two structures, the blended cost is $226 per square foot. Factor in the income offset capacity of the second unit and the data-driven value becomes operational, not speculative.This asset is built for a long-term ownership strategy. If that fits your objective, contact your agent or listing broker David Sobolik directly before the next price adjustment resets the conversation.

Location

State OR

County Multnomah

Area _148

Zoning RM1

Rooms

Basement Crawl Space

Interior

Heating Forced Air

Cooling Central Air

Exterior

View Mountain, Territorial

Roof Type Shingle

Garage No

Building

Lot Description Corner Lot, Level

Story 3

Foundation Other

Sewer Public Sewer

Water Public Water

Level or Stories 3

Schools

Elementary Schools Capitol Hill

Middle Schools Jackson

High Schools Ida B Wells

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Regional Multiple Listing Service (RMLS)