5623 SW Boundary St, Portland, OR 97221

• 2 beds |
• 3 baths |
• 1,836 sqft

Property Description

Versatile property on a spacious .48-acre lot in SW Portland. Originally built as a single-family home & currently configured with two living areas offering flexibility for owner-occupants or investors. Live in one side and rent the other, create multi-generational living, or explore short-term rental potential. Features include an oversized garage, two driveways w/ off-street parking, storage shed, and newly rebuilt deck overlooking the large yard. Buyers to verify zoning, future development possibilities. The generous lot provides rare space within the city and opens the door to a variety of lifestyle and investment possibilities. Originally constructed as a single-family residence, the home now offers a layout that supports two separate living areas, creating opportunities for income-producing rental space, private guest quarters, or flexible living arrangements.Buyers may choose to continue using the property as a duplex-style setup, live in one side while renting the other, or utilize the second living space for visiting guests or extended household members. With its adaptable layout, the property could also be reimagined and converted back to a single-family residence depending on a buyer’s vision and needs.Outdoor features enhance the property's usability and appeal. The expansive yard offers room for gardening, recreation, and outdoor entertaining. A newly rebuilt deck provides a welcoming place to relax or host gatherings while enjoying the surrounding space.Additional improvements include an oversized garage ideal for parking, storage, or workshop use. Two separate driveways provide convenient access and additional off-street parking options. A storage shed adds further functionality for tools, equipment, or hobby space.The size of the lot and zoning may also offer future housing or expansion opportunities depending allowances. Buyers are encouraged to verify potential uses and development options with the appropriate city or county authorities.This property presents a unique combination of space, versatility, and potential in an established SW Portland location with convenient access to parks, shopping, dining, and commuter routes.

Listing Status:

Active

Data Last Updated:

March 13, 2026 at 12:45PM

Listing Office:

EPIQUE REALTY : 503-819-9191

Listing Agent:

DONNA JO MERRIFIELD : 541-981-1436

MLS ID:

838550

Interior

• General: High Speed Internet
• Appliances: DisposalDishwasherGas Water HeaterElectric Water HeaterElectric RangeMicrowaveRange Included
• Laundry: Lower Level
• Basement: Daylight
• Flooring: WoodTile
• A/C: Central Air
• Heating: Natural GasElectricBaseboardForced Air
• Fireplace: Living RoomFamily RoomWood BurningGasFireplace

Exterior

• General: YellowRV/Boat StorageShed(s)
• Other Structures: RV/Boat StorageShed(s)
• Parking: Attached

Construction

• Roofing: Metal or Aluminum
• General: BrickVinyl SidingLap SidingSlab

Location

• Originating MLS: Black Knight 2 - Willamette Valley Multiple Listing Service
• County: Multnomah

Lot

• View: Territorial

Utilities

• Utilities: Water ConnectedLower/Basement
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Black Knight 2 - Willamette Valley Multiple Listing Service
• Exclusions: None