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About the Listing KRRE01 - IELSTROM
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.
Interior Details
- Bedrooms: 3
- Bathrooms: 1 Full
- Appliances: Free-Standing Gas Range, Free-Standing Refrigerator, Gas Appliances, Microwave, Range Hood, Stainless Steel Appliance(s), Tile
- Air Cond:
- Heating: Forced Air
- Fireplaces: 1, Wood Burning
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other: Hardwood Floors,High Ceilings,Master on Main
- Water: Public Water
Exterior Details
- Lot Description: Gated,Level
- Garage Capacity: 1 car
- Parking Spaces: 1
- Roof: Composition
- Others: Fenced,RV Parking,RV/Boat Storage,Workshop,Yard,Restored
- Sewer: Public Sewer
- Parking Features: Detached,Driveway,Off Street
Financial Details
- Tax Amount: $4,616
- Taxes w/Assessments: N/A
- Tax/Property ID: R333085
- Tax Year: N/A
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5845 SE Holgate Blvd Portland, OR 97206
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