5609 NE 32nd Ave Portland, OR 97211

Welcome to this “Six-Bedroom Revenue Retreat” - an east-facing Tudor in the heart of Concordia that delivers on every level! Set on a quiet, tree-lined street just steps from the Alberta Arts District, McMenamins Kennedy School, Fernhill and Alberta Park, as well as a vibrant mix of restaurants, cafés, and boutiques, this home offers timeless charm with exceptional versatility. Extensively renovated from top to bottom while preserving historic character, its abundant natural light and high-end updates create an ideal setting for daily living and entertaining. The contemporary kitchen features new quartz countertops, designer tile backsplash, new single-basin sink, and stainless-steel appliances. All bathrooms have been fully updated with premium tile, floating vanities, heated anti-fog mirrors, humidity-sensing fans, new toilets, and a smart bidet on the main level. And don’t forget the primary suite’s jetted soaking tub. With six bedrooms, three full bathrooms, and 3 entry/exit points, this home would be ideal for multigenerational living, executive housing, or premium short-term rental income potential. Upstairs offers exciting possibilities to add or reconfigure bedrooms for even greater occupancy and returns, while the finished basement grants even more opportunity. Major upgrades include a new 9-unit mini-split HVAC system that heats and cools, new extended-life Presidential shingle roof, new PEX plumbing, and new windows for comfort and peace of mind. Outside, the professionally landscaped .17-acre yard is built for entertaining, featuring a private 7-person hot tub on the covered deck—perfect for watching the sun go down. Zoning also allows for an ADU, mobile ADU, or Airbnb (buyer to verify), adding further upside. Its new owner will also enjoy complimentary access to the McMenamins Kennedy School Saltwater Soaking Pool. A rare opportunity where historic charm, modern luxury, walkability, and income potential converge. Take a private tour before it's gone!