3204 S Kelly Ave, Portland, OR 97239

This two-unit Queen Anne Victorian home conveniently located near OHSU, the Tram, South Waterfront, and the Gibbs Street Pedestrian Bridge, blends timeless character with modern versatility. The main and upper levels feature a 3-bed, 2-bath residence with soaring ceilings, oversized original windows, and abundant natural light. Period detailsfir floors, stained glass, and hand-carved newel postsanchor the home, while an updated kitchen with stainless appliances adds modern functionality. Generous upstairs bedrooms capture city vistas and peek-a-boo river views. Outdoor living includes a large, partially covered deck and a private fenced courtyard. The ground-level unit, tucked into the mature landscape, offers spacious 1-bed, 1-bath dwelling with a full kitchen, living area, and its own dedicated entry. Whole-home improvements include separate electric meters, a newer sewer line, roof and gutters, and separate laundry facilities for each unit. This property is a rare opportunity for flexible livingwhether owner-occupied with rental income, multi-generational living, or investmentin one of Portlands oldest and most connected neighborhoods.