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6516 NE 23rd AvenuePortland, OR 97211Price: $695,000

  • Price: $695,000
  • Est. Mortgage of $/month
  • 23 Days on Market
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Federal 30-year interest rate: 6.51% last updated on May 21, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $695,000List Price
  • 4Bedrooms
  • 2Bathrooms
  • 0.12Acreage
  • 2,360Square Feet
Listed by Matt Guy of Living Room Realty
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Check out this light-filled mid-century Cape Cod in the heart of Concordia - an ideal setup for anyone who wants a cute, comfortable home - and add to that a fully private, detached ADU that brings in real monthly income. The ideal house for style, income, and space.The main home offers 4 bedrooms and 2 baths with a smart layout that lives bigger than expected, anchored by a bright main level with an open pass-through connecting the kitchen and living room. The dining and living room flow together for easy everyday living and entertaining. Downstairs, the finished basement features two bedrooms, both with egress windows, a large bathroom, and a dedicated utility room plus great storage. The large fourth bedroom also works beautifully as a family room, media space, or entertainment room. The home has many updated items, a newer roof and furnace! Outside, tucked off the paved alley sits the detached ADU, built in 2020, with true separation for privacy, giving you a fully detached living space with its own access. The ADU sits above a workshop/garage that is fully insulated for climate comfort and noise reduction, and has its own mini-split and a plethora of outlets, a creatives dream studio. Upstairs in the ADU is a unique vaulted living space with a lofted bedroom, open beams, large bathroom with full size laundry, huge kitchen area, and an amazing south-facing deck that spans the length of the home and brings in sunshine and fresh air. The ADU currently rents for $1,800 per month, helping offset ownership costs and making the primary residence far more affordable. This could offset the primary home to be like buying a residence for under $350,000!!! A rare chance to cut your monthly payment dramatically while owning an exceptional property.Close to the U of O Concordia campus,, Tamale Boy, and the shops and restaurants around NE 18th and Dekum, Kennedy school, and everything Northeast Portland has to offer nearby. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10241367]

Property Details of 6516 NE 23rd Avenue

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Based on information submitted to OR_RMLS_WEB_API as of May 24, 2026 12:43 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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