#344437710, Christina McChesney, Listing office: Corcoran Prime
$398,000 List price
118 NE Russet St Portland, OR 97211
2 beds
1 full
936 sqft
0.09 acres
$425 / sqft
House
Property details
About 118 NE Russet St
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.
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
CoolingCentral Air
Size936 sqft
BasementYes
Lot size0.09 Acres
Year built1927
ParkingDriveway, Street Parking
MLS #113722725
Garage1 space
FireplaceWood Burning
ViewTerritorial
Summary
- Full Bathrooms: 1
- Appliances: Range, Refrigerator, Range Hood
- Basement: Yes
- Flooring Type: Laminate
- Interior: Ceiling Fan(s), Wall to Wall Carpet, Washer/Dryer
- Fireplace: Wood Burning
- Total Bedroom Count: 2
- Garage Space: 1 space
- Attached Garage: No
- Parking: Driveway, Street Parking
- View: Territorial
- Exterior: Fence, Gazebo, Outbuilding, Patio, Yard
- Architectural Style: Craftsman, Traditional
- Heating: Forced Air
- Cooling: Central Air
- List Price: $398,000
- Price/SqFt: $425
- Annual Tax Amount: $3,517
- Tax Year: 2023
- Lot: Level, Private
- Directions: N Lombard St to NE Russet St
- Year Built: 1927
- Stories: 2
- Living Area: 936 SqFt
- Lot Size: 0.09 Acres
- MLS Number: 113722725
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Cascade Hasson Sotheby's International Realty
- Office Phone: (503) 335-9898
- Listing Agent: Jim McCartan, Joe McCartan
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/27/2025, 8:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 17, 1993 | Home Sold | $60,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $132,760 | $3,517 |
| 2022 | $128,900 | $3,441 |
| 2021 | $125,150 | $3,441 |
| 2020 | $121,510 | $3,383 |
| 2018 | $114,550 | $2,902 |
| 2017 | $111,220 | $2,781 |
History based on county public records data.
Nearby schools
7
Woodlawn Elementary School
Public District PK-5
0.6 mi
•7200 NE 11th Ave
8
Chief Joseph School
Public District KG-5
1.3 mi
•2409 N Saratoga St
7
Dr. Martin Luther King Jr. Elementary School
Public District PK-5
1.4 mi
•4906 NE 6th Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $55,444. Residents of Portland, OR typically earn between $35k-100k each year. Most families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
35%
<35k
42%
35k-100k
17%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
55%
Single, No Kids
16%
Single, with Kids
17%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
6%
12-17 yrs old
27%
18-34 yrs old
39%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Tennis- Men's Tennis
Art Museums
Where do the neighbors shop?
Crate & Barrel
Nordstrom Rack
Bloomingdales
Where do the neighbors go to eat?
Starbucks
The Cheesecake Factory
Chipotle
What do the neighbors drive?
BMW
Volvo
Audi
What do the neighbors listen to?
News
Alternative- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 118 NE Russet St
The listing price of 118 NE Russet St property is $398,000.
The property 118 NE Russet St is a house located in Portland, Oregon, 97211.
Active Listing: 118 NE Russet St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 118 NE Russet St are: Woodlawn Elementary School (GreatSchools Rating 7/10), Chief Joseph School (GreatSchools Rating 8/10), Dr. Martin Luther King Jr. Elementary School (GreatSchools Rating 7/10), Ockley Green Middle School (GreatSchools Rating 6/10), Portland Village School (GreatSchools Rating 9/10), The Ivy School (GreatSchools Rating 9/10), Jefferson High School (GreatSchools Rating 8/10), Alliance High School (GreatSchools Rating 2/10), Grant High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2023 is $3,517 (source: MLS/based on county public records data).
The last sale was on December 17, 1993 for $60,000 (source: MLS/tax record).
The property at 118 NE Russet St has 2 bedrooms and 1 bathroom.
The property 118 NE Russet St is 936 SqFt (source: MLS/tax record).
The year of construction for 118 NE Russet St is 1927.
This home is located at 118 NE Russet St in Portland, OR and zip code 97211 in the North Portland neighborhood. This 936 square foot home, which was built in 1927, sits on a 0.09 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 2, 2025 and is currently priced at $398,000.
In June 2025, from all listings sold in Portland, OR there were more than 355 sold above asking price, over 352 sold below and more than 190 were sold right at the asked price. The number of homes for sale in Portland, OR increased by 4.6% between May and June 2025. In June 2025, listings were on the market for 39 days. During the same period, the median list price in this real estate market was $551,126.
From Rocket Homes Real Estate and based on county public records data.