5623 SW BOUNDARY STPortland, OR 97221
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Unique SW Portland property offering flexibility, space, and opportunity on a rare .48-acre lot. Originally built as a single-family residence, the home is currently configured to accommodate two living areas, creating a variety of possibilities for owner-occupants and investors alike.The layout works well for those looking to live in one portion of the home while generating income from the other, host extended guests, or create a comfortable multi-generational living arrangement. The additional living space may also appeal to buyers interested in exploring short-term rental opportunities, depending on local regulations. For those wanting a traditional layout, the home could also be reimagined and converted back to a single-family residence.The expansive lot is a standout feature, offering outdoor space rarely found this close to the city. The large yard provides room for gardening, recreation, pets, and outdoor entertaining. A newly rebuilt deck creates a welcoming outdoor living area to relax and enjoy the surrounding space.Additional features include a new furnace, oversized garage with room for parking, storage, or workshop use, two separate driveways providing convenient access and off-street parking, and a storage shed for tools and equipment.The size of the lot may also offer future possibilities depending on zoning allowances. Buyers are encouraged to perform their own due diligence with the appropriate authorities regarding development potential and permitted uses.Conveniently located in SW Portland with easy access to parks, shopping, dining, and commuter routes, this property offers a rare combination of versatility, outdoor space, and long-term potential.
| 6 hours ago | Listing updated with changes from the MLS® | |
| 6 hours ago | Listing first seen on site |
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Last checked 2026-03-14 07:58 PM PDT.
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