640 Southwest Sherman Street

Sold 9/8/17

Sold

Last Sold Price

$935,000

3,920 sqft$239/sqft

640 SW Sherman St, Portland, OR 97201

Multi FamilyProperty Type

1882Year Built

$239/sq ftPrice per sq ft

2 carsParking Spaces

Description

Great investment opportunity in close in downtown location. Large house remodeled in 2000 and duplex built in 2005. Available plans to convert finished basement in house to a 4th unit. Great rental history with below market rents. Close to PSU, MAX, OHSU, Under Armor and Downtown Portland.Great investment opportunity in close in downtown location. Large house remodeled in 2000 and duplex built in 2005. Available plans to convert finished basement in house to a 4th unit. Great rental history with below market rents. Close to PSU, MAX, OHSU, Under Armor and Downtown Portland.

Listed by: Troy D Doty P.C. • Northwest Realty Source info@nwrealtysource.com

Listing closed: 09/08/2017 12:00 AM • Source: RMLS, MLS#: 17495260

Recent comparable sales

Median sold price

$900,000

Avg days on market

Sale-to-list ratio

94.5%

1/28

$900,000

Sold 08/29/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 4,036
Square Feet: 0.09
Acres

2343 Northwest Glisan Street, Portland, OR 97210

1/23

$838,000

Sold 05/01/26

Unavailable
Bedrooms: Unavailable
Bathrooms: 3,368
Square Feet: 0.09
Acres

3324 Southeast 11th Avenue, Portland, OR 97202

1/22

$950,000

Sold 10/27/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 3,496
Square Feet: 0.12
Acres

2066 Northwest Overton Street, Portland, OR 97209

1/38

$975,000

Sold 12/11/24

Unavailable
Bedrooms: Unavailable
Bathrooms: 3,334
Square Feet: 0.07
Acres

2349 Northwest Hoyt Street, Portland, OR 97210

1/49

$957,000

Sold 10/11/24

Unavailable
Bedrooms: Unavailable
Bathrooms: 3,695
Square Feet: 0.09
Acres

1734 Southeast Main Street, Portland, OR 97214

1/49

$900,000

Sold 11/21/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 4,342
Square Feet: 0.14
Acres

1216 Southeast 18th Avenue, Portland, OR 97214

1/34

$792,000

Sold 10/09/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 3,906
Square Feet: 0.09
Acres

1804 Southeast Madison Street, Portland, OR 97214

1/10

$950,000

Sold 12/30/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 3,500
Square Feet: 0.12
Acres

1231 Northwest 25th Avenue, Portland, OR 97210

a view of outdoor space and seating area

1/49

$850,000

Sold 08/26/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 3,364
Square Feet: 0.2
Acres

1411 Southwest Dewitt Street, Portland, OR 97239

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Location

Listing Courtesy of Northwest Realty Source

Sold By Oregon Realty Co.

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$5,612 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,752

Property Taxes

$860

HOA Dues

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Property Information for 640 Southwest Sherman Street

Property Details

Taxes: $10,314 / year
MLS Type: Multi Family
County: Multnomah County
Subdivision: Cruthers Additon
Parking Features: Attached, Garage
Zoning: RH
View: City, Territorial
Parking Total: 2.00

Building Information

Stories: 3
Residences: 3
Year Built: 1882

Summary

Location and General Information

Country: US
Directions: SW Barbur Blvd, W on Caruthers, N on SW Terwilliger, W on Sherman

School Information

Elementary School: Ainsworth
High School: Lincoln

Middle Or Junior School: West Sylvan

Taxes and HOA

Tax Annual Amount: $10,313.65
Parcel Number: R632996

Tax Legal Description: CARUTHERS ADD, BLOCK 34 TL 13400

Property

Lot Information

Lot Description: Sloped
Lot Size Range: Sq Ft0Kto2999

Lot Size: 0K to 2,999 Sq Ft

Property and Assessments

Property Type: Multi Family
Water Description: Public Water

Property Condition: Updated Remodeled
Year Built: 1882

Utilities

Fuel Description: Gas
Heating Description: Forced Air

Hot Water Description: Electricity, Gas
Sewer Description: Public Sewer
Rent Includes: Sewer, Trash Collection, Water

Interior and Exterior Features

Exterior Features

Exterior Description: Cedar, Cement Siding
Roof Type: Composition

Interior Features

Basement: Crawl Space, Finished
Stories: 3

Multi Family

Multi-Family Information

Number Of Units Total: 3
Gross Income Actual: $59,400.00

Gross Income Projected: $67,800.00
Gross Rent Multiplier: $15.98
Investor Information: Annual Property Operation Data, Leases, Profit Loss Statement, Utility Records Available
Net Income Actual: $45,737.00
Net Income Projected: 54137
Operating Expenses Projected: $13,663.00
Operating Expense: $13,663.00
Security Features: Sidewalk
Storage: Basement, Garage
Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3
SqFt Approximate Building Total: 3920

Unit 1 Information

Unit Type 1 Baths Total: 3
Unit Type 1 Beds Total: 3

Unit Type 1 Features: Dishwasher, Fireplace, Refrigerator, Washer Dryer
Unit Type 1 Rent: $2,300
Unit Type 1 SqFt: 2600.0
Unit Type 1 Units Total: 1

Unit 2 Information

Unit Type 2 Baths Total: 2
Unit Type 2 Beds Total: 2

Unit Type 2 Features: Dishwasher, Hardwood Floors, Range, Washer Dryer
Unit Type 2 Rent: $1,500
Unit Type 2 SqFt: 840.0
Unit Type 2 Units Total: 1

Unit 3 Information

Unit Type 3 Baths Total: 1
Unit Type 3 Beds Total: 1

Unit Type 3 Features: Dishwasher, Range, Refrigerator, Washer Dryer Hookup
Unit Type 3 Rent: $1,150
Unit Type 3 SqFt: 480.0
Unit Type 3 Units Total: 1

Schools near 640 Southwest Sherman Street

This home is within Portland School District 1j.


Rating	School	Type	Grades	Distance
9/10	Ainsworth Elementary School	Public - Serves this home	K to 5	0.7 mi
6/10	West Sylvan Middle School	Public - Serves this home	6 to 8	3.7 mi
8/10	Lincoln High School	Public - Serves this home	9 to 12	0.9 mi
8/10	Emerson School	Charter - Choice school	K to 5	0.5 mi
9/10	Portland Village School	Charter - Choice school	K to 8	1.3 mi
8/10	Metropolitan Learning Center	Public - Choice school	K to 12	1.4 mi
NR	International School of Portland	Private - Nearby school	PK to 5	0.5 mi
NR	St Marys Academy	Private - Nearby school	9 to 10	0.5 mi
NR	Cedarwood Waldorf School	Private - Nearby school	PK to 8	0.5 mi


Rating	School	Distance
9/10	Ainsworth Elementary School PublicK to 5 Serves this home	0.7 mi
6/10	West Sylvan Middle School Public6 to 8 Serves this home	3.7 mi
8/10	Lincoln High School Public9 to 12 Serves this home	0.9 mi
8/10	Emerson School CharterK to 5 Choice school	0.5 mi
9/10	Portland Village School CharterK to 8 Choice school	1.3 mi
8/10	Metropolitan Learning Center PublicK to 12 Choice school	1.4 mi
NR	International School of Portland PrivatePK to 5 Nearby school	0.5 mi
NR	St Marys Academy Private9 to 10 Nearby school	0.5 mi
NR	Cedarwood Waldorf School PrivatePK to 8 Nearby school	0.5 mi

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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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 640 Southwest Sherman Street, Portland, OR 97201	$935,000	–	–	3,920	–
640 Southwest Sherman Street, Unit 644, Portland, OR 97201	$935,000	–	3	2,486	2,851
636 Southwest Sherman Street, Portland, OR 97201	$325,000	2	1	1,844	3,484
639 Southwest Sherman Street, Portland, OR 97201	$259,000	2	2	1,856	3,700
626 Southwest Sherman Street, Unit 628, Portland, OR 97201	$880,000	–	2	2,110	2,475
649 Southwest Sherman Street, Portland, OR 97201	$465,000	–	2	2,300	5,000
618 Southwest Sherman Street, Portland, OR 97201	$362,360	1	2	1,496	1,300
633 Southwest Sherman Street, Portland, OR 97201	$403,000	3	2	2,928	3,484
612 Southwest Sherman Street, Portland, OR 97201	$375,000	–	2	1,710	1,300
623 Southwest Sherman Street, Portland, OR 97201	$515,000	3	2	2,417	3,049
623 Southwest Caruthers Street, Portland, OR 97201	$1,475,000	2	2	2,490	3,049
655 Southwest Sherman Street, Portland, OR 97201	$410,000	4	2	1,397	3,049
659 Southwest Sherman Street, Portland, OR 97201	$176,000	1	1	628	949
2305 Southwest 6th Avenue, Portland, OR 97201	$775,000	–	–	2,019	2,725
2319 Southwest 6th Avenue, Portland, OR 97201	$1,450,000	6	4	4,746	4,356
2319 Southwest 6th Avenue, Unit 2323, Portland, OR 97201	$1,450,000	–	4	4,029	4,200

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Northwest Realty Source

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 04/07/2024 05:00 AM

Portland, OR

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