8027 SE 49th Ave Portland, OR 97206

OPEN HOUSE Sunday 8/3 from 2-4pm.Sunlight, Character & Cash Flow – This Plex Has It All!Step into a timeless Portland duplex that blends charm w/incredible flexibility & income potential. Bursting w/natural light & unique architectural touches, this property is a rare opportunity for owner-occupants, investors, or multi-generational living.Unit 1 spans 1,798sf over two floors & features 3 beds, 2 baths, AC, gleaming wood floors, tall ceilings, & a stunning wraparound deck w/trellis. The spacious primary suite opens through French doors to a private deck—your own peaceful retreat. Previously owner-occupied, this unit is now rent-ready, w/an estimated monthly income of $2,800.Unit 2 offers 1,329 sf across two levels, w/2 beds & 2 baths. This unit wows with architectural charm—a circular staircase, a round space, wood floors, high ceilings, & yet another sun-drenched wraparound deck. Recently rented for $2,500.Adding even more value is a bonus basement permitted artist studio—ideal for creative work or passive income. This 328sf unit was recently rented for $650 as an apartment, but is probably worth $800. Plus, the shared basement features 1,200sf of clean, high-ceiling storage or expansion potential, a laundry area, & private access for each unit.Whether you're seeking strong rental income, flexible living arrangements, or a unique home w/room to grow—this property checks every box. Come experience the decks, the light, the soul of this beautifully maintained gem.Outside, the oversized 10.940 sq ft lot is bursting w/apple trees, blueberries, grapes, & other native plantings. With fresh paint inside & out, this property is turn-key & ready to perform.Nestled near Errol Heights Park & the community gardens, it offers a peaceful, garden-like setting with a Walk Score of 57 & easy access to everything Portland has to offer.Whether you're buying for lifestyle, legacy, or leverage—this one checks every box.Don't just buy a home—secure a future.