Irvington Eight Real Estate

Welcome to Irvington Eight, a vibrant and picturesque neighborhood nestled in the heart of Portland, Oregon. Known for its charming tree-lined streets and historic architecture, Irvington Eight is a delightful blend of classic homes and modern amenities, making it one of the most sought-after areas in Multnomah County.

As you stroll through this enchanting neighborhood, you'll be captivated by the stunning early 20th-century Craftsman and Colonial Revival homes that showcase the area’s rich history. Many of these residences feature beautifully landscaped yards, inviting front porches, and intricate architectural details that reflect the craftsmanship of a bygone era. The sense of community here is palpable, with friendly neighbors often seen chatting on their porches or tending to their gardens.

Irvington Eight is not just about beautiful homes; it also boasts an array of local parks, shops, and dining options that cater to a variety of tastes and lifestyles. Irving Park, with its lush green spaces and sports facilities, provides the perfect setting for family picnics, leisurely walks, or outdoor activities. Meanwhile, the nearby Alberta Arts District offers a vibrant cultural scene with art galleries, eclectic shops, and diverse eateries that celebrate Portland’s culinary prowess.

Conveniently located near public transportation and major thoroughfares, Irvington Eight provides easy access to downtown Portland and beyond, making it an ideal spot for those who appreciate both tranquility and urban convenience. Whether you’re a first-time homebuyer, a growing family, or looking to settle down in a welcoming community, Irvington Eight has something for everyone. Experience the charm of this neighborhood and discover why it’s a hidden gem in the heart of Portland!

Newest Listings in Irvington Eight

$925,000

364546423 MLS ⋅ ACTIVE Status

Irvington Eight offers eight rental units in a 1910 building in Portland's Irvington Historic District. Very walkable and exceptionally bike-friendly, with a Walk Score of 71 and Bike Score of 99. Updated pictures and floorplan are pending. The three-story property combines six studio layouts and two one-bedroom layouts, with a mix of private and shared bathrooms. Unit interiors range from approximately 200 to 570 square feet. The building totals approximately 5,494 square feet, including 1,410 square feet of unfinished basement; approximately 4,084 square feet are above grade. Set on an approximately 5,000-square-foot lot with established landscaping, the property includes a detached one-car garage, driveway parking, shared laundry, basement storage units and common areas. Limited-access entry and a fire sprinkler system are additional features. Public water and sewer serve the property. The property has been operated with furnished B&B/Airbnb stays and longer-term rentals. The offering package presents a conventional-rental pro forma, providing a basis for evaluating the property's income potential. Scheduled annual gross income is projected at $118,600, with operating expenses of $50,404.60 and net operating income of $62,465.40 after a $5,730 vacancy allowance. At the $925,000 asking price, projected NOI represents a 6.75% pro forma capitalization rate. Detailed unit, income and expense information is available upon request. The building is identified as contributing to the Irvington Historic District.

2626 NE 16TH AVE, Portland

Courtesy of Roffman Real Estate Investments, LLC

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