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5614 NE Simpson St, Portland, OR 97218

$1,199,000

48 Photos

Property Description

Some properties are designed for a single household. Others are designed for a way of life. Over more than a decade, this one-of-a-kind Cully 3 HOME compound gradually evolved into 3 distinct, detached homes gathered around shared spaces, and each with its own personality and private yard (hello Myrtle, SoHo, and The Birds' Nest). Together, they offer a rare opportunity for multiple generations, close friends, or a combination of owner-occupancy and rental living to remain connected while enjoying the independence of separate homes. In many ways, the property reflects the neighborhood that surrounds it. Cully has long been known for its generous lots, gardens, and strong sense of community; a place where neighbors know one another and life often extends beyond the front door. This compound carries that same spirit, balancing quiet retreats with shared spaces where dinners stretch into the evening, gates stay open, and everyday moments are just as meaningful as special occasions. More than a collection of three homes, a workshop and a greenhouse, it is the story of a property thoughtfully shaped over time and an uncommon opportunity to live independently while remaining closely connected. Myrtle (Home A), built in 1938 is 1,917 sq ft and has 3 bedrooms & 1 bathroom. Soho (Home B), built in 2013 is 1,092 sq ft and has 2 bedrooms & 2 bathrooms. The Birds' Nest (Home C), built in 2023 is 800 sq ft and has 2 bedrooms & 2 bathrooms. The greenhouse is 208 sq ft & the workshop is 208 sq ft - both have a power source. Parking for 5+ cars and space for an RV. (See floor plans for details.) [Home Energy Score = 3. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10187489]

5614 NE Simpson St | MLS# 468667022

This multi-family property located at 5614 NE Simpson St, Portland, OR 97218 is currently listed for sale with an asking price of $1,199,000. Search Portland real estate on www.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Cooling: Heat Pump, MiniSplit
Fuel Type: Electricity, Gas
Heating: Ductless, Forced Air, Mini Split
Roof Type: Composition
Stories: 2.0
Taxes: $11,057
Year Built: 1938
Square Feet: 4,225

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 3
Features: Deck, Dishwasher, HardwoodFloors, WasherDryer
Rent: $2400.00
Square Footage: 1917
Total Units: 1
Unit Type 2:
Bathroom(s): 2
Bedrooms: 2
Features: AirConditioning, Dishwasher, Refrigerator, WasherDryer
Rent: $2450.00
Square Footage: 1092
Total Units: 1
Unit Type 3:
Bathroom(s): 2
Bedrooms: 2
Features: AirConditioning, Dishwasher, Storage, WasherDryer
Rent: $2250.00
Square Footage: 800
Total Units: 1

Feature Descriptions

Days on Site: 34
Exterior: Cement Siding, Shake Siding, Shingle Siding, Wood
Gross Income: $85200.00 (Actual)
Hot Water: Tank, Tankless
Lot: Level
Net Income: $55501.00 (Actual)
Operating Expenses: $25439.00 (Actual)
Parking: Driveway, Paved
Parking Notes: Driveway, Paved
Sewer: Public Sewer
Storage: Attached, Attic
Units: 3
Water: Public Water

Local Schools

High School: Leodis McDaniel
Middle School: Beaumont
Elementary School: Rigler

Listed By / Shown By

Listed By

Agency Name: Vetiver Street Real Estate
Agency Contact: studio@vetiverstreet.com

Shown By

Agency Title: Bend Premier Real Estate
Agency Phone: 541-323-2779

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Estimated Payment

$ 7,333.92 per month $6,062.80 Principal & Interest $921.42 Property Tax $349.71 Homeowner's Insurance

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