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$340,000

  • Sold
  • Sold
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 936 Sq. Ft.
See This Home
Save This Home
See This Home
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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.

Full Property Details for 118 NE Russet St

General

  • Sold For: $340,000
  • Taxes: $3,658 (2024)
  • Status: Sold
  • Type: Single Family
  • Source: RWMLS
  • MLS ID: 113722725
  • Added to Site: 230 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s), Laminate Flooring, Wall to Wall Carpet, Washer/Dryer
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Wood Burning
  • Appliances: Free-Standing Range, Free-Standing Refrigerator, Range Hood

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2
  • Primary Bedroom: Main
  • Bedroom 2: Main

Other Rooms

  • Living Room: Main
  • Kitchen: Main
  • Dining Room: Main

Additional Information

  • Security/Safety: None

Exterior

  • Exterior Features: Fenced, Gazebo, Outbuilding, Patio, Yard

Parking

  • Garage: Yes
  • Total Spaces: 1
  • Parking Features: Driveway, Off Street

Location

  • County: Multnomah
  • Subdivision: PIEDMONT
  • Driving Directions: N Lombard St to NE Russet St

School Information

  • Midd School District: Ockley Green
  • High School District: Jefferson
  • Elementary School: Woodlawn
  • Middle School: Ockley Green
  • High School: Roosevelt

Community

  • Community Name: 142 - Portland Northeast

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Electricity, Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Architectural Style: Craftsman, Traditional
  • Basement Desc.: Unfinished
  • Roof: Composition
  • Windows: Wood Frames
  • Stories/Levels: 2
  • Square Feet: 936
  • Year Built: 1927
  • Property Condition: Fixer

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 3,920
  • Lot Size: 3, 000 to 4, 999 SqFt
  • Frontage: Concrete, Paved
  • Lot Features: Level, Private

Financial Considerations

  • Tax Amount: $3,658.51
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Disclosures/Reports: Exempt
  • Property ID: R209205

Listed by Cascade Hasson Sotheby's International Realty (503) 335-9898, Jim McCartan (503) 314-2100 and Cascade Hasson Sotheby's International Realty (503) 335-9898, Joe McCartan (971) 400-0017
Sold by Oregon Digs Real Estate (503) 239-7400, Robert Ascherin

Listing agents

— 118 NE Russet St —

  • Jim McCartan

    Cascade Hasson Sotheby's International Realty

    503-335-9898

  • Joe McCartan

    Cascade Hasson Sotheby's International Realty

    503-335-9898

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 118 NE Russet St

School District:Portland School District 1j
NameGradesDistance
Woodlawn Elementary School
7200 Northeast 11th Avenue, Portland, OR 97211
PK-50.6 mi
Ockley Green
6031 North Montana Avenue, Portland, OR 97217
6-81.1 mi
Jefferson High School, Portland, OR
5210 North Kerby Avenue, Portland, OR 97217
9-121.2 mi
Roosevelt High School, Portland, OR
6941 North Central Street, Portland, OR 97203
9-123.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 118 NE Russet St

Date
Details
Price
Change
Source
10/31/2025
Sold
$340,000
-2.86%
MLS
9/04/2025
Price Reduced
$350,000
-12.06%
MLS
7/16/2025
Price Reduced
$398,000
-5.24%
MLS
6/02/2025
Listed
$420,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Cascade Hasson Sotheby's International Realty (503) 335-9898, Jim McCartan (503) 314-2100 and Cascade Hasson Sotheby's International Realty (503) 335-9898, Joe McCartan (971) 400-0017
Sold by Oregon Digs Real Estate (503) 239-7400, Robert Ascherin

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118 NE Russet St, Portland, OR 97211 (MLS# 113722725) is a Single Family property that was sold at $340,000 on October 31, 2025. Want to learn more about 118 NE Russet St? Do you have questions about finding other Single Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.