3724 SE Franklin St

Portland, OR 97202

$998,900
Price
—
Beds
—
Baths
3,452 Sq. Ft.
$289 / Sq. Ft.
3,452
Sq. Ft.
$289
per Sq. Ft.
Open: 1/31 12:00PM - 03:00PM
Open: 1/31 12:00PM - 03:00PM

Description

OPEN SATURDAY (1/31/2026) from 12 to 3pm. Unique listing with two homes on double lot in popular SE neighborhood. Perfect for multigenerational living, investors, occupy one home and rent the other via Airbnb or long term. Main house is a spacious 3 bed/2 bath Cape Cod home with updates throughout - new kitchen, bathrooms, large windows and hardwood floors. Large partially unfinished basement has lots of potential for use and add'l living space with its separate exterior door. The next door ADU was...OPEN SATURDAY (1/31/2026) from 12 to 3pm. Unique listing with two homes on double lot in popular SE neighborhood. Perfect for multigenerational living, investors, occupy one home and rent the other via Airbnb or long term. Main house is a spacious 3 bed/2 bath Cape Cod home with updates throughout - new kitchen, bathrooms, large windows and hardwood floors. Large partially unfinished basement has lots of potential for use and add'l living space with its separate exterior door. The next door ADU was built in 2019 and with its separate mailing address offers many opportunities for add'l revenue stream. The permitted 2 bed/1.5 bath ADU had previous long term rental income of $2150/mo. and 38k-42k in Airbnb income. Both homes have separate fenced, private yards. [Home Energy Score = 2. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10240391]
  1. Listed by Vedat Ersan • Mal & Seitz

Property Details for 3724 Southeast Franklin Street

Subdivision
Richmond
Parking Features
Driveway, Garage
Zoning
R5
Garage Spaces
1.00

Open Houses

Saturday, Jan 31st

12:00 PM - 3:00 PM

Public

LISTING UPDATED: 01/29/2026 03:19 PM

Property Details for 3724 Southeast Franklin Street

StatusActive
MLS #214604321
Days on Market1
Taxes$10,992 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1936
Lot Size0.20 AC / 8,712 SF
CountyMultnomah County

Location

Listing Courtesy of Mal & Seitz
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Building Information for 3724 Southeast Franklin Street

Stories2Residences2Year Built1936Building Size-Lot Size0.20 AC / 8,712 SF

Payment Calculator

$5,784 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,868

Property Taxes

$916

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3724 Southeast Franklin Street

Summary
Location and General Information
  • Country: US
  • Directions: SE 39th to S on Franklin
  • Road Surface: Paved
School Information
  • Elementary School: Creston
  • High School: Franklin
  • Middle Or Junior School: Kellogg
Taxes and HOA
  • Tax Annual Amount: $10,992.18
  • Parcel Number: R299187
  • Tax Legal Description: WAVERLEIGH HTS, BLOCK 43, LOT 19&20
Property
Lot Information
  • Acres: 0.2
  • Lot Description: Level, Private
  • Lot Size Square Feet: 8712.0
  • Lot Size Dimension: 800x1100
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Approximately
  • Year Built: 1936
Utilities
  • Cooling Description: Central Air, Mini Split
  • Fuel Description: Electricity, Gas
  • Heating Description: Forced Air, Mini Split
  • Hot Water Description: Gas
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cement Siding, Lap Siding, Wood Siding
  • Roof Type: Composition
Interior Features
  • Basement: Partially Finished
  • Foundation Details: Concrete Perimeter
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $76,800.00
  • Gross Rent Multiplier: $13.01
  • Investor Information: According To Owner, Rent Records
  • Net Income Actual: $62,203.00
  • Operating Expense: $14,597.00
  • Storage: Basement
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • SqFt Approximate Building Total: 3452
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 2.00
  • Unit Type 1 Beds Total: 3
  • Unit Type 1 Features: Air Conditioning, Fireplace, Hardwood Floors, Washer Dryer
  • Unit Type 1 Rent: $0
  • Unit Type 1 SqFt: 2652.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Baths Decimal: 2.00
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Air Conditioning, Washer Dryer, Window Coverings
  • Unit Type 2 Rent: $0
  • Unit Type 2 SqFt: 800.0
  • Unit Type 2 Units Total: 1

Public Records for 3724 Southeast Franklin Street

Taxable ValueLand-Additions-Total-
Tax Record2017$5,964 ($497 / month)
Home Facts
Beds3Baths2Above Grade Finished SqFt1,656 SqFtFinished Basement SqFt504 SqFtUnfinished Basement SqFt648 SqFtStories1Lot Size8,800 SqFtStyleSingle Family ResidenceYear Built1936Year Renovated1936ZoningR5CountyMULTNOMAHAPNR299187

Schools near 3724 Southeast Franklin Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Creston Elementary School
Public - K to 5
Hosford Middle School
Public - 6 to 8
Franklin High School
Public - 9 to 12
Richmond Elementary School
Public - PK to 5
Rating
School
Distance
Creston Elementary School
PublicK to 5

Hosford Middle School
Public6 to 8

Franklin High School
Public9 to 12

Richmond Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 3724 Southeast Franklin Street, Portland, OR 97202

3724 Southeast Franklin Street is a multi-family home for sale in Portland, OR 97202. This property was listed for sale on January 28, 2026 by Mal & Seitz, it's currently listed at $998,900. This listing's school district is Portland School District 1j. Nearby schools include Creston Elementary School, Hosford Middle School and Franklin High School. 3724 Southeast Franklin Street is a 0-bed, 0-bath, 3,452 sqft multi-family home built in 1936.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mal & Seitz

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