Bought with Oregon Digs Real Estate
$340,000
$350,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
936 SqFt
SOLD DATE : 10/31/2025
Key Details
Sold Price $340,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 936 sqft
Price per Sqft $363
Subdivision Piedmont
MLS Listing ID 113722725
Sold Date 10/31/25
Style Craftsman, Traditional
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1927
Annual Tax Amount $3,658
Tax Year 2024
Lot Size 3,920 Sqft
Property Sub-Type Single Family Residence
Property Description
Don't miss this rare investment opportunity at 118 NE Russet Street—an original 1927 home located in Portland's desirable Piedmont neighborhood. This 2-bedroom, 1-bath property is loaded with character, featuring vintage charm throughout. While it needs updating, the solid construction and functional layout make it the perfect project for flippers, developers, or buyers looking to build serious equity. The full, unfinished basement offers exceptional expansion potential—ample space to add at least two additional bedrooms, a bathroom, and bonus living areas. The home also includes a fully fenced yard, a detached 312 sq ft garage, and a long driveway for convenient off-street parking. A separate tax lot (R209204) is included in the sale, adding further value and possibilities. Situated near parks, restaurants, shops, and major transit routes, this property combines location, flexibility, and upside. Whether you're renovating for resale, income property, or personal use, this is a can't-miss opportunity to reimagine a classic Portland home and maximize your return.
Location
State OR
County Multnomah
Area _142
Zoning R5
Rooms
Basement Unfinished
Interior
Interior Features Ceiling Fan, Laminate Flooring, Wallto Wall Carpet, Washer Dryer
Heating Forced Air
Cooling Central Air
Fireplaces Number 1
Fireplaces Type Wood Burning
Appliance Free Standing Range, Free Standing Refrigerator, Range Hood
Exterior
Exterior Feature Fenced, Gazebo, Outbuilding, Patio, Yard
Parking Features Detached
Garage Spaces 1.0
View Territorial
Roof Type Composition
Accessibility BathroomCabinets, NaturalLighting
Garage Yes
Building
Lot Description Level, Private
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Woodlawn
Middle Schools Ockley Green
High Schools Roosevelt
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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