3324 SE 24th Ave
For Sale · Short-Term-Rental Compound

Four income units on one inner-SE lot.

3324 SE 24th Ave · Portland, OR 97202 · Hosford-Abernethy
$1,195,000 Fully furnished · turnkey operation
4
Income Units
$85,713
In-Place NOI
7.2%
Unlevered Cap
57.9%
Operating Margin
The Property

A renovated 1904 farmhouse plus three tiny homes.

On a single fee-simple lot in inner SE Portland, a renovated 4BD/2BA farmhouse and three detached tiny homes operate as four independent short-term rentals — bookable unit-by-unit or as one whole-property compound. The package has produced six-figure gross revenue every year since 2022.

Financial Snapshot

Owner-verified, in-place income.

Trailing 12-Month Operations
Gross Rental Revenue$147,984
Operating Expenses($62,272)
Net Operating Income$85,713
Revenue History
YearWhole-Property Revenue
2022$155,970
2023$140,106
2024$154,520
2025$144,962
Purchase Price
$1,195,000
House + 3 tiny homes
Preferred
All-Cash
Clean, fast close
Seller Financing
Available
To a qualified buyer
If Carried
$400K Down
5.5% IO · 3-yr balance

Offering Memorandum & Financials

The full per-unit P&L, occupancy by unit, booking pace, and complete offering details — in one document.

View the Full Memorandum (PDF) →

All information is derived from sources deemed reliable, including owner-provided accrual statements and short-term-rental platform reporting, but no warranty as to accuracy is expressed or implied. The owner's trailing-twelve NOI statement and the per-unit occupancy snapshot cover different twelve-month windows. Financial figures and projections are historical or forward-looking, depend on operator execution and market conditions, and should be independently verified. The three tiny homes are titled as personal property (RVs); any purchase-price allocation is subject to the parties' tax advisors. The property is zoned CM2 and represented as permitted for year-round transient / short-term-rental use; buyer is responsible for independently verifying zoning, permit status and transferability, square footage, lot dimensions, and all material facts. Permit history can be viewed at PortlandMaps.com.