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$659,000
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Property Description
Versatile property on a spacious .48-acre lot in SW Portland. Originally built as a single-family home & currently configured with two living areas offering flexibility for owner-occupants or investors. Live in one side and rent the other, create multi-generational living, or explore short-term rental potential. Features include an oversized garage, two driveways w/ off-street parking, storage shed, and newly rebuilt deck overlooking the large yard. Buyers to verify zoning, future development possibilities. The generous lot provides rare space within the city and opens the door to a variety of lifestyle and investment possibilities. Originally constructed as a single-family residence, the home now offers a layout that supports two separate living areas, creating opportunities for income-producing rental space, private guest quarters, or flexible living arrangements.Buyers may choose to continue using the property as a duplex-style setup, live in one side while renting the other, or utilize the second living space for visiting guests or extended household members. With its adaptable layout, the property could also be reimagined and converted back to a single-family residence depending on a buyer's vision and needs.Outdoor features enhance the property's usability and appeal. The expansive yard offers room for gardening, recreation, and outdoor entertaining. A newly rebuilt deck provides a welcoming place to relax or host gatherings while enjoying the surrounding space.Additional improvements include an oversized garage ideal for parking, storage, or workshop use. Two separate driveways provide convenient access and additional off-street parking options. A storage shed adds further functionality for tools, equipment, or hobby space.The size of the lot and zoning may also offer future housing or expansion opportunities depending allowances. Buyers are encouraged to verify potential uses and development options with the appropriate city or county authorities.This property presents a unique combination of space, versatility, and potential in an established SW Portland location with convenient access to parks, shopping, dining, and commuter routes.
Full Property Details
Full Property Details for 5623 SW Boundary St
General
- Price: $659,000
- Taxes: $7,697 (2025)
- Status: Active
- Type: Single Family
- Source: WVMLS
- MLS ID: 838550
- Updated: 3/13/2026
- Added to Site: 10 day(s) ago
Interior
- Flooring: Luxury Vinyl Plank, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Exterior
- Color: yellow
Parking
- Garage Description: Attached
Location
- County: OUTSIDE 4 COUNTY AREA
- Subdivision: BP CARDWELL TR
- Driving Directions: OR 10 to Shattuck to SW Boundary
Heating & Cooling
- Heating/Cooling: Gas, Electric, Central AC, Baseboard, Forced Air
- Water Heater: Electric, Gas
Utilities
- Sewer: Yes
- Water: City, Connected
Structural Information
- Basement Desc.: Daylight
- Roof: Metal or Aluminum
- Square Feet: 1,836
- Year Built: 1951
Lot Features
- Lot Size (Acres): 0.48
- Lot Size (Sq. Ft.): 1,836
- Lot Description: 10
Financial Considerations
- Price Per Sq. Ft.: $358.93
- Assessment Year: 1951
- Tax Amount: $7,697
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 10
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Schools
Schools serving 5623 SW Boundary St
School District:Portland School District 1j
| Name | Grades | Distance |
|---|---|---|
Hayhurst Elementary School 5037 Southwest Iowa Street, Portland, OR 97221 | K-5 | 0.5 mi |
Gray Middle School, Portland, OR 5505 Southwest 23rd Avenue, Portland, OR 97239 | 6-8 | 1.7 mi |
Ida B. Wells-Barnett High School 1151 Southwest Vermont Street, Portland, OR 97219 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5623 SW Boundary St
Date
Details
Price
Change
Source
3/13/2026
Listed
$659,000
41.42%
MLS
2/09/2016
Sold
$466,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5623 SW Boundary St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,697
4%
$285,920
3%
2024
$7,420
4%
$277,600
3%
2023
$7,135
4%
$269,520
6%
2021
$6,863
-2%
$254,050
-3%
2022
$6,981
2%
$261,670
6%
2021
$6,863
13%
$246,660
3%
2019
$6,064
3%
$239,480
3%
2018
$5,886
4%
$232,510
3%
2017
$5,641
9%
$225,740
3%
2016
$5,162
15%
$219,170
15%
2015
$4,496
2%
$190,320
3%
2014
$4,428
2%
$184,780
3%
2013
$4,325
—
$179,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5623 SW Boundary St
5623 SW Boundary St, Portland, OR 97221 (MLS# 838550) is a Single Family property with 2 bedrooms, 2 full bathrooms and 1 partial bathroom. 5623 SW Boundary St is currently listed for $659,000 and was received on March 13, 2026. Want to learn more about 5623 SW Boundary St? Do you have questions about finding other Single Family real estate for sale in Southwest Portland? You can browse all Southwest Portland real estate or contact a Coldwell Banker agent to request more information.

