$449,000
8414 SE 17th Ave, Portland, OR 97202
Sellwood Craftsman on Large Lot with CM2 Zoning — Flexible Use
3 Bed · 1.5 Bath · 1,392 Sq Ft
Character home with commercial/mixed-use potential in coveted Sellwood-Moreland
3
Beds
1.5
Baths
1,392
Sq Ft
1910
Built
0.12 acres
Lot
None recorded (driveway + street parking)
Garage
About 8414 SE 17th Ave
Built in 1910, this authentic Craftsman at 8414 SE 17th Ave offers a rare blend of period detail, generous outdoor space, and zoning flexibility that sets it apart in Sellwood-Moreland. The home’s footprint of approximately 1,392 square feet contains three bedrooms and one-and-a-half baths — a functional layout ready for targeted modernization. Original architectural touches remain evident in the photos, while the interior presents a clear opportunity to update kitchens, baths, and mechanical systems to contemporary standards.
The property sits on a substantial 5,227 SF lot — an uncommon size in this pocket — providing room for garden spaces, an accessory dwelling (subject to City of Portland rules), or a thoughtful addition. The listing highlights CM2 zoning, which increases optionality: owner-occupants could operate a small professional office or live/work practice, while investors can explore longer-term redevelopment scenarios (buyer's due diligence required).
Location is a key asset. Walk or bike to neighborhood shops, cafes, and services along nearby corridors; green space is close at hand with Sellwood Park and the riverfront trails minutes away. This house will appeal to buyers who want a home with character and a project-minded buyer who values both lifestyle and future upside. Whether you renovate for a premium resale, adapt the layout for a home business, or hold as a cash-flowing rental after improvements, this property delivers options.
Bring your contractor, your design ideas, and your plans for a thoughtful update. This is a rare Sellwood opportunity where classic architecture meets practical flexibility in one of SE Portland’s most desirable neighborhoods.
Home Highlights
Property Features
Interior Features
- 3 bedrooms, 1.5 baths
- Approximately 1,392 SF of living space
- Period Craftsman details visible in original millwork and layout
- Open potential for kitchen and bath modernization
- Fireplace present (period style)
Exterior & Lot
- Large 5,227 SF lot (~0.12 acres)
- Mature street trees and attractive Craftsman façade
- Room for garden, patio, or accessory dwelling (subject to code)
- Driveway and on-street parking
Location & Neighborhood
- Located in Sellwood-Moreland — strong neighborhood identity
- Short distance to Sellwood Park and Willamette riverfront trails
- Nearby neighborhood shopping, cafes and services
- CM2 zoning for flexible use (buyer to verify)
Walkability & Recreation
- Walkability Rating: 78/100
- Close access to parks, trails, and neighborhood retail
- Easy bike routes to central SE Portland and downtown Portland
Neighborhood & Location
Sellwood-Moreland is a mature, family-oriented neighborhood in SE Portland prized for its tree-lined streets, neighborhood shops, and access to the Willamette River. Independent cafes, antique shops, and small grocers create a village-like center; parks and trails provide easy outdoor recreation. The area attracts buyers seeking both character homes and convenient proximity to downtown via bike or transit.
Market Insights
Sellwood-Moreland continues to be one of SE Portland's most sought-after neighborhoods for buyers who prioritize neighborhood amenities, river access, and independent retail clusters. As of early 2026 the neighborhood exhibits a seller-leaning market: median single-family sale prices are above city average, inventory is tight (roughly 1–2 months of supply), and renovated period homes receive above-market pricing and quick offers. That said, properties needing significant systems or cosmetic work trade at a discount to fully renovated homes, which creates an attractive window for investors and owner-occupants looking to add value. CM2 zoning at this address provides an additional premium opportunity for buyers seeking flexibility for professional office or live/work use — a differentiator that can accelerate value capture if entitlements are confirmed and executed.
Nearby Schools
Arleta K-8
Elementary/Middle · 0.7 mi
Franklin High School
High · 2.0 mi
Walkability & Recreation
Excellent access to parks and riverfront trails; Sellwood Park and Oaks Bottom are nearby for walking, biking and weekend recreation.
Investment Highlights
- CM2 zoning — flexibility for live/work, professional office, or future multi-dwelling/mixed-use (buyer to verify).
- Large 5,227 SF lot in Sellwood-Moreland — room for expansion or accessory dwelling (subject to code).
- Classic 1910 Craftsman with period character and pleasant curb appeal.
- Clear value-add: cosmetic and systems modernization can unlock price-per-square-foot upside.
Key Findings
- Listed at $449,000 for 1,392 SF (approx. $323/sf).
- 3 beds, 1.5 baths, built in 1910 on a 5,227 SF lot.
- No garage recorded; on-street and driveway parking likely.
- CM2 zoning broadens potential uses compared to residential-only zoning.
Things to Consider
- Zoning optionality requires confirmation with Portland Bureau of Development Services; entitlements may be time-consuming.
- Updated mechanical systems, roof, and accessibility improvements may be needed — buyer should inspect.
- No recorded garage may limit parking-dependent uses; parking restrictions could apply in neighborhood.
Opportunity Analysis
Acquire a character Craftsman in Sellwood-Moreland that can be modernized for a premium sale or converted to a live/work/professional office user under CM2 zoning. Short-term yield from a renovated sale; medium-term value via permitted ADU or gentle densification.
Potential Use Scenarios
- Perform a thorough building systems inspection (roof, HVAC, electrical, plumbing) and budget upgrades.
- Engage a zoning/land-use consultant to confirm CM2 entitlements and ADU/multi-unit possibilities.
- If owner-occupied, renovate for resale within 6–12 months to capture premium; if investor, consider long-term hold with rental until repositioning.
Risk Factors
- Uncertainty around entitlements and potential neighborhood design review requirements.
- Renovation cost overruns on an older home.
- Market shifts in Portland could compress margins for investors.
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$425K
Midpoint
$452K
High
$479K
$324.7/SF estimated price per square foot
Estimate anchored to the list price ($449,000) and the listed price-per-square-foot ( $323/sf ), adjusted +/- 6% to reflect condition and CM2 zoning upside. No live MLS comps pull; valuation based on local market knowledge for Sellwood-Moreland in early 2026.
As of 2026-03-14
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Stable, family-oriented neighborhood with steady demand for single-family and small multifamily units; strong desirability near parks and riverfront.
Nearby Points of Interest
- Sellwood Park / Sellwood Riverfront (≈0.7 mi)
- Oaks Amusement Park & Oaks Bottom Wildlife Refuge (≈1.0–1.5 mi)
Walkable Sellwood-Moreland neighborhood with neighborhood retail clusters, cafes, grocery options, parks and riverfront trails within a short walk or bike ride.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
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