1536 SE 21ST AVE

Portland, OR 97214

Excellent investment opportunity in one of Portland's most in-demand rental markets: half a block from SE Hawthorne. This 1922 Bungalow has been rented as a non-conforming duplex for years with two income-generating units, offering flexibility for an owner-occupant, immediate lease-up, or short-term rental conversion. The lower level complete with kitchenette, is ideal as a guest suite or Airbnb and can rented month-to-month, adding operating flexibility without long-term lease constraints. The garage has been separately rented in the past for an additional income. The property itself is charming, well-maintained, and updated. It features, refinished hardwood floors, updated kitchen with newer appliances, original built-ins, plus a fenced yard, single-car garage, and long driveway for added parking value. A rare combination of location, flexible unit mix, and low-maintenance in a high-demand, walkable neighborhood. 91 Walkscore + 95 Bikescore [Home Energy Score = 5. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10249667]

Listing courtesy of Beth Friesenhahn of Urban Nest Realty (503) 333-8310



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Last checked 2026-07-10 10:16 AM PDT.

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