8535 Sw Oleson Rd, Portland, OR 97223

Open House from 10:30 to 2:30 this Saturday! TWO houses on one tax lot. Nestled among tall fir trees and just a stones throw from Washington Square Mall, this home feels like a peaceful retreat. These two woodsy escape cottages have been updated with classic charm, blending rustic feel with modern conveniences. The main house offers 2 spacious bedrooms and 1 full bathroom, featuring stunning restored original hardwood floors and a gas fireplace that adds warmth and character to the cozy space. The updated kitchen and bathroom showcase stylish, contemporary finishes, including all new appliances, that perfectly complement the homes timeless appeal. Youll enjoy year-round comfort with the brand-new energy-efficient tankless hot water heater, ensuring endless hot water whenever you need it. In addition, theres a separate 2 bed, 1 bath house that has been recently updated offering potential for additional living space or rental income. If youre looking for a home that combines warmth, charm, and modern amenities in a tranquil setting, this is the perfect place for you! These homes will rent for over $4,000/ month. At a 5% cap rate That indicates value of $800,000. The current price shows a cap rate of 6.3%!! This is an investors dream!