5845 Se HOLGATE Blvd, Portland, OR 97206

• 3 beds |
• 1 bath |
• 1,336 sqft

Property Description

Welcome to 5845 SE Holgate Blvd. — a character-rich Foster-Powell home blending move-in-ready comfort with serious investment upside. Updated throughout, with multiple income pathways and a city-approved lot subdivision already in hand. MAIN LIVING - Step inside to find warm, original hardwood floors flowing through the main living areas — a timeless quality newer construction can’t replicate. The living room centers on a handsome wood-burning fireplace — ideal for Portland’s gray-sky seasons.NEWLY REMODELED KITCHEN - The newly remodeled kitchen features contemporary cabinetry, updated countertops, and modern fixtures — crisp and functional while connecting seamlessly to the home’s classic bones.BEDROOMS & BONUS ROOMS - The home offers three comfortable bedrooms, each with natural light and hardwood floors throughout. Plus two versatile bonus rooms — ideal for a home office, studio, guest quarters, or gym.BASEMENT — INCOME & ADU POTENTIAL - The large high ceiling unfinished basement offers a clear path to an accessory dwelling unit (ADU) or income rental — adding serious long-term value.LARGE LOT WITH DETACHED GARAGE — REBUILD OPPORTUNITY - The detached garage needs significant work but comes with a separately metered electrical service and an intact existing foundation perimeter — reducing the cost of any rebuild, workshop, studio, or income unit conversion.Lot Size — Split & Investment PotentialThe oversized lot itself is a standout investor asset. Portland’s Foster-Powell zoning supports lot division and infill development, and the City of Portland has already green-lit the subdivision — saving months of bureaucratic headaches and thousands in planning fees. A buyer can split the lot to build, sell the parcel, or add another income property — multiplying the return on this already opportunity-rich investment.All improvements subject to applicable local codes and permitting.

Listing Status:

Active

Date Added:

April 10, 2026

Data Last Updated:

April 11, 2026 at 1:44AM

Listing Office:

Kelly Right Real Estate of Portland, LLC : 503-719-6056

Listing Agent:

Ian Elstrom : 805-300-4407

MLS ID:

553943714

Interior

• General: Hardwood floorsHigh ceilings
• Appliances: Free standing gas rangeFree standing refrigeratorGas appliancesMicrowaveRange hoodStainless steel applianceTile
• Basement: Unfinished
• Heating: Forced air
• Fireplace: Wood burningFireplaceFireplaces: 1
• Disability Feature: Main floor bedroom bath

Exterior

• General: Vinyl sidingFencedRv parkingRv boat storageWorkshopYard
• Style: Stories 2Craftsman
• Parking: DrivewayOff streetParking spaces: 1

Construction

• Roofing: Composition
• Windows: VinylFrames
• General: Concrete perimeterSlabStem wall

Location

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

Lot

• Zoning: SECTION 07 1S 2ETL 10100 0.22 ACRESR333085
• View: View

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.