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.
Sellwood Craftsman on Large Lot with CM2 Zoning — Flexible Use
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.
A 1910 craftsman on 0.12 acres.
Building
Site & utilities
Sellwood-Moreland
Researched nearby locations
Location
8414 SE 17th Ave, Portland, OR 97202
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.
Excellent access to parks and riverfront trails; Sellwood Park and Oaks Bottom are nearby for walking, biking and weekend recreation.
A factual market snapshot around 8414 SE 17th Ave.
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.
Commercial/Mixed-use zone (CM2) — allows a mix of residential and non-residential uses, higher intensity and multi-dwelling potential than strictly residential zoning. Permitted uses typically include single-family, multi-family, small retail, professional office, and service uses; redevelopment standards and entitlements vary by site.
Zoning
Research-indicated uses
- Residential (Single Family And Multi Unit, Subject To Standards)
- Office / Professional Services
- Small Scale Retail And Services
- Live/Work Configurations
- Potential For Multi Dwelling Or Mixed Use Redevelopment Subject To Code And Entitlement
What the research supports — and what is still worth verifying.
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.
What stands out about this property.
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
Sources & research confidence.
See where the property research came from and how confidence varies by field.