5515 SE 52nd WEBSITE

5515 SE 52nd Ave, Portland, OR 97206

Opportunity Knocks in Woodstock

OFFERED AT $649,000

Have your cake and eat it too.

Turns out you CAN have it all. This mighty midcentury home offers options for income-generation, multigenerational living, or simply tons of space for you to spread out.

3 BEDS

2 BATHS

2212 SF

C. 1949

0.11 ACRES

Both/And.

Enjoy the full extent of all this home has to offer OR score a huge house hack win by renting out one level and living in the other.

Retro & Ready to Mingle

The upstairs will make every purist’s heart go pitter patter with its original hardwoods, doors, and formica accents. It features 2 sizable bedrooms, bright living room with wood-burning fireplace, a spacious dining room, kitchen w/ nook and SS appliances, plus a full bathroom with dual vanity.

Main Level Living

Upstairs includes two bright, ample bedrooms with original hardwoods, solid core doors, and trim. The larger easily fits a king and features double closets; the second provides direct access to the backyard.

A whole new world.

Access the lower level either through the upstairs kitchen or separately from the exterior side entry. This space was fully remodeled and permitted in 2018, and has been used as a successful AirBNB furnished rental (short + midterm) for 4+ years.

What basement?

Don’t call her that! She’s as light and bright as can be. Your renters or guests will love the high ceilings, spacious living area, tasteful kitchenette perfect for entertaining, bedroom with egress, stunning full bath, and washer/dryer!

The downstairs unit most recently rented for $2500/month to one tenant from October 2023 through February 2024. .

Optimize your outdoors.

Large fully fenced backyard, covered patio, and firepit. The detached garage features a second stackable washer/dryer and utility sink, and could double as the perfect workshop.

Peace, Love, & Proximity

Minutes to Woodstock Park, Toast, New Seasons, Heart Coffee, Proper Pint, Cloud City Ice Cream, Ate-Oh-Ate, Double Mountain, the library, and everything else that Woodstock has to offer. DREAMY.

Bikescore 99

Walkscore 81

Features & Updates

Fully permitted basement remodel (2018) converted unfinished basement to living space with kitchenette, living room, bathroom, and bedroom with legal egress; can be accessed from interior or exterior
Entire house repiped with PEX (2018)
Energy efficient windows installed in lower level (2018)
2018: clean sewer inspection (sanitary sewer line was replaced in 2012)
Radon mitigation system (2018)
Upstairs: stainless steel fridge (2019) over-range microwave (2024) and dishwasher (2024)
New downspouts installed in front and back yards (2020)
Backyard makeover: new lawn, fire pit area, fence improvements, and landscaping (2020)
New Carrier air handler (2022) and Bryant heat pump (2021)
Installed new plumbing, electric, utility sink, and stackable washer/dryer for second laundry station in garage (2022)
New terrazzo-style LVP flooring in kitchen (2024)
New high efficiency washing machine downstairs (2024)

Month	Upstairs	Downstairs	Combined
March 2023	$1,193.49	$2,361.96	$3,555.45
April 2023	$2,834.55	$2,565.09	$5,399.64
May 2023	$2,393.34	$3,354.25	$5,747.59
June 2023	$3,390.07	$0.00	$3,390.07
July 2023	$3,503.08	$3,341.42	$6,844.50
August 2023	$3,390.07	$2,283.03	$5,673.10
September 2023	$3,313.54	$1,876.24	$5,189.78
October 2023	$3,200.41	$2,500.00	$5,700.41
November 2023	$2,404.19	$2,500.00	$4,904.19
December 2023	$2,229.11	$2,500.00	$4,729.11
January 2024	$2,501.77	$2,500.00	$5,001.77
February 2024	$2,475.36	$2,500.00	$4,975.36
Monthly Average	$2,700.60	$2,211.05	$4,911.60

Put her to work.

Get the most out of your investment by living upstairs and renting out the lower level - or vice versa! Take a look at what each floor has brought in over the past 12 months. (These numbers are the net to Seller each month, after Airbnb’s payout).