446 Ne IVY St, Portland, OR 97212

• 5 beds |
• 4 baths |
• 3,018 sqft

Property Description

INVESTMENT ALERT! Rare opportunity to restore one of just three charming Victorian homes on NE Ivy. Zoned RM1, this unique property includes FOUR separate living spaces: the main home with one bedroom and one bath, a walk-out lower-level one-bedroom apartment, a detached studio with full kitchen, bath, and loft bedroom, and an attached two-story casita with two bedrooms and one bath.Ready for renovation, this is an ideal sweat equity project for those wanting to live in one and rent the others, or create a four-unit investment property with long-term upside. Major updates include a new sewer line (2022), newer HVAC in the main house, and AC throughout.Just blocks from Irving Park, restaurants, cafés and shops, with easy bike access to downtown and the Pearl District. Historic character, multiple income opportunities, and plenty of upside in Portland's inner northeast.

Listing Status:

Active

Date Added:

July 29, 2026

Data Last Updated:

July 31, 2026 at 7:42PM

Listing Office:

ODonnell Group Realty : 503-519-3400

Listing Agent:

Kathleen O'Donnell : 503-519-3400

MLS ID:

286557446

Interior

• General: Accessory dwelling unitHigh ceilingsLaundryWood floors
• Appliances: Free standing rangeFree standing refrigeratorGas appliances
• Basement: DaylightFull basementSeparate living quarters apartment aux living unit
• A/C: Central airMini split
• Heating: Forced air

Exterior

• General: Wood sidingPatioPorchYard
• Style: Victorian
• Parking: DrivewayOn streetParking spaces: 0

Construction

• Roofing: Composition

Location

• Road/Access: Paved
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Multnomah

Lot

• Zoning: ALBINABLOCK 13LOT 33R102085

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.