Property Description

A rare opportunity to own the historic Nettie Krouse Fourplex in the heart of Buckman—offering the character of a 1910 Portland property with many of the major building systems already updated. Significant improvements include a new roof and gutters in 2022, copper plumbing, updated electrical, restored original windows, eco-friendly attic insulation and a restored detached 2-car garage, allowing the next owner to enjoy a vintage investment property with substantial capital improvements already completed.Individually listed on the National Register of Historic Places, the fourplex features two expansive 2-bedroom residences with additional upper-level bonus space and two spacious 1-bedroom residences. Original hardwood floors, historic windows and period architectural details preserve the craftsmanship and charm of the building, while generous basement areas provide excellent additional storage.Current rents total $8,800/month—$2,500 each for the larger units and $1,900 each for the smaller units—providing $105,600 in annual scheduled gross income. Situated on a beautifully landscaped 7,000 SF lot with outdoor spaces and a detached garage, all on a quiet, tree-lined street just blocks from Hawthorne. An exceptional opportunity to acquire a well-cared-for, income-producing piece of Portland history in one of the city's most desirable close-in neighborhoods.