5 Fixers for Sale in North Portland Under $400K

Ready to dive into the world of owning rental property and becoming a Portland landlord? Or maybe it’s time for you to add to your real estate investment portfolio. (Whether you’re new to the rental property realm or you’ve been doing it for years, be sure you’re up to date on the most recent rental law changes.) A great way to get into real estate investing is by getting a fixer and transforming it into a livable space. Portland is full of lovely, older homes that could use a little TLC and renters looking for places to call home. As the investor and eventual landlord, you can’t help but see a substantial ROI. We have the full map of all Portland homes for sale.

We looked around and found these 5 fixers for sale in N Portland under $400K that are worth a look. To find them, we did a general “Portland, OR” search, selected “Single Family” once inside, and set the max price to $400K. Then, we selected the “Smart Fixer List” option from drop down menu on the right and zoomed in on the northern area of the map.

Check out these fixers and see which one might be your next investment.

1. 9335 N Fairhaven Ave

Come see this excellent renovate / rebuild opportunity in St. Johns. R5 zoning is in place with the potential for more units with the City of Portland’s recent zoning changes. The home is situated on a corner lot next to a vacated roadway. There’s a large 480-sq. ft. shed for hobbies, storage, etc. The location is great, only one block from the recently renovated Roosevelt High School, one block from George Park, and close to St. Johns’ fabulous shopping and dining, as well as freeways, the light rail, and more. This property is being sold as-is. Buyer to perform their own due diligence.

2. 8523 N Newman Ave

This charming cosmetic fixer in the Portsmouth neighborhood sits on a large, fenced lot. The spacious living room with an open concept great room opens to a covered porch. There’s a laundry / pantry area off the kitchen that could be converted back to a third bedroom. Lots of potential here in the unfinished basement and upper floor (bonus area / storage) to add sweat equity. Off-street parking is available with plenty of room for RV or boat parking, also. The home is located near parks and the University of Portland.

3. 9133 N Central St

This charming fixer with a large yard in St. Johns has high ceilings, an eat-in kitchen, and extra storage space in the basement. The location is great, too, with a Walk Score of 88, a Bike Score of 89, only 17 minutes from Downtown Portland.

4. 2114 N Bryant St

This adorable vintage fixer in Arbor Lodge boasts an oversized lot with development potential. The home is set back off the road and has trees, flowering shrubs, plants, and raised garden beds. The original vintage built-ins and wood floors remain, and skylights and lots of windows make this home bright and inviting. The home has a detached garage, which could be used as a studio or possible ADU. There’s also a newer gas furnace and AC. The property has plenty of parking and is located close to shops and freeways and is being sold as-is. Buyer to do their own due diligence regarding ADU and development potential.

5. 2055 N Wygant St

Bring your ideas for this great Portland fixer in Overlook neighborhood. Not only does it have an ideal location, but there’s lots of potential in this one, so bring your imagination. It’s a great investment for the right buyer!

Looking for the Perfect Fixer in Portland?

Let us help you find what you’re looking for. Our experienced top 1% buyer’s agents have been helping clients find great fixers in the Portland metro area for more than 18 years. We’re happy to hear about your visions and goals and show you what the Portland area has to offer. Give us a call today at 503-773-0000 or chat with the bot on our site.

Written by Stephen FitzMaurice
Published on September 27, 2022