5405 Se Mall St, Portland, OR 97206

Investment potential in this spacious 4,002 sq ft mid-century home offering multiple options for value-add and income generation. The main level features hardwood floors throughout, a remodeled kitchen and updated bathrooms, providing immediate rent-ready appeal while preserving classic mid-century character.Laundry is located on the main floor, with the ability to add a second laundry in the basement-ideal for future duplex, ADU, or multi-tenant configuration (buyer to verify). Updated double-pane windows and a 200-amp electrical service support expansion, modernization, and additional units.The property includes a covered patio, raised garden beds, and a large backyard. Lots of room for hobbies and animals. Generous square footage and layout flexibility allow for a variety of strategies including house hacking, multi-generational living, or conversion to income-producing units.A strong blend of updated systems, size, and classic architecture makes this property a compelling opportunity for investors seeking long-term appreciation and rental income. Decommissioned oil-tank.