5845 SE Holgate Blvd Portland, OR 97206

Welcome to 5845 SE Holgate Blvd. - a character-rich Foster-Powell home blending move-in-ready comfort with serious investment upside. Updated throughout, with multiple income pathways and a city-approved lot subdivision already in hand. MAIN LIVING - Step inside to find warm, original hardwood floors flowing through the main living areas - a timeless quality newer construction can't replicate. The living room centers on a handsome wood-burning fireplace - ideal for Portland's gray-sky seasons.NEWLY REMODELED KITCHEN - The newly remodeled kitchen features contemporary cabinetry, updated countertops, and modern fixtures - crisp and functional while connecting seamlessly to the home's classic bones.BEDROOMS & BONUS ROOMS - The home offers three comfortable bedrooms, each with natural light and hardwood floors throughout. Plus two versatile bonus rooms - ideal for a home office, studio, guest quarters, or gym.BASEMENT - INCOME & ADU POTENTIAL - The large high ceiling unfinished basement offers a clear path to an accessory dwelling unit (ADU) or income rental - adding serious long-term value.LARGE LOT WITH DETACHED GARAGE - REBUILD OPPORTUNITY - The detached garage needs significant work but comes with a separately metered electrical service and an intact existing foundation perimeter - reducing the cost of any rebuild, workshop, studio, or income unit conversion.Lot Size - Split & Investment PotentialThe oversized lot itself is a standout investor asset. Portland's Foster-Powell zoning supports lot division and infill development, and the City of Portland has already green-lit the subdivision - saving months of bureaucratic headaches and thousands in planning fees. A buyer can split the lot to build, sell the parcel, or add another income property - multiplying the return on this already opportunity-rich investment.All improvements subject to applicable local codes and permitting.