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About the Listing CAHS09 - MCCARTAN,MCCARTJO
Don’t miss this rare investment opportunity at 118 NE Russet Street—an original 1927 home located in Portland’s desirable Piedmont neighborhood. This 2-bedroom, 1-bath property is loaded with character, featuring vintage charm throughout. While it needs updating, the solid construction and functional layout make it the perfect project for flippers, developers, or buyers looking to build serious equity. The full, unfinished basement offers exceptional expansion potential—ample space to add at least two additional bedrooms, a bathroom, and bonus living areas. The home also includes a fully fenced yard, a detached 312 sq ft garage, and a long driveway for convenient off-street parking. A separate tax lot (R209204) is included in the sale, adding further value and possibilities. Situated near parks, restaurants, shops, and major transit routes, this property combines location, flexibility, and upside. Whether you’re renovating for resale, income property, or personal use, this is a can’t-miss opportunity to reimagine a classic Portland home and maximize your return.
Listing Highlights for 118 NE Russet St
Status
Active
Days on Site
96
Property Type
Residential
MLS ®
113722725
Year Built
1927
Total Square Footage
936
Lot/Acreage
0.09
County
Multnomah
Neighborhood
Piedmont
Elementary School
Woodlawn
Middle School
Ockley Green
High School
Roosevelt
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full
- Appliances: Free-Standing Range, Free-Standing Refrigerator, Range Hood
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces: 1, Wood Burning
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other: Ceiling Fan(s),Laminate Flooring,Wall to Wall Carpet,Washer/Dryer,Master on Main
- Water: Public Water
Exterior Details
- Lot Description: Level,Private
- Garage Capacity: 1 car
- Parking Spaces: 1
- Zoning: R5
- Roof: Composition
- Others: Fenced,Gazebo,Outbuilding,Patio,Yard,Fixer
- Sewer: Public Sewer
- Parking Features: Detached,Driveway,Off Street
Financial Details
- Tax Amount: $3,659
- Taxes w/Assessments: N/A
- Tax/Property ID: R209205
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
118 NE Russet St Portland, OR 97211
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