Homes for sale - 7521 N GLOUCESTER AVE, Portland, OR 97203

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Sarah Nagel

sarah.nagel16@gmail.com +1(707) 234-9887

Listed by Living Room Realty

$ 820,000

Est. payment | -/mo

3,892 SqFt

Save

$ 820,000

Est. payment | -/mo

Save

3,892 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,892 sqft

Price per Sqft $210

Subdivision Portsmouth

MLS Listing ID 232296525

Year Built 1909

Annual Tax Amount $6,651

Tax Year 2024

Lot Size 4,356 Sqft

Property Description

Charming Farmhouse Triplex in the Heart of North Portland – Fully Leased with 5% Cap Rate and Upside Potential. Tenants are month-to-month but can sign annual leases. This former farmhouse, now a thoughtfully converted triplex, is nestled in the vibrant Peninsula neighborhood. This income-producing property blends vintage charm with modern upgrades. Opportunities for increased cash flow or re-development into a higher density building. New exterior paint coming in October. All 3 units have been updated, have access to storage in the basement, a coin-operated laundry for additional income, shared backyard + deck, and front porches. The lot abuts a parking lot, of which 6' x 50' belongs to the property for potential on-site parking (driveway easement agreement needed) • Unit 1: A warm and inviting 1-bedroom featuring original hardwood floors, working wood-fireplace, and a stylish 2015 update with new countertops and a refreshed bathroom. • Unit 2: A quaint 2-bedroom with hardwood floors, a large kitchen, built-ins, and a recently remodeled bathroom and kitchen. Features classic penny tile a, clawfoot tub, and original hardware • Unit 3: Spanning the entire upper floor, this bright 2-bedroom unit includes new carpeting, and newly added air conditioning / furnace, a refreshed kitchen with marmoleum flooring, and a generous bonus room perfect for a playroom or large walk-in closet. Located less than a mile from Arbor Lodge's New Seasons Market, and just two miles to both the Kenton and St. Johns commercial districts. A few short blocks to University of Portland, this property is perfectly positioned for walkability and long-term desirability. Served by the 75 and 35 Bus-lines, with lots of nearby shops and restaurants on Lombard Avenue. • Zoned CM2 (Commercial Mixed Use 2) – flexible for a variety of future uses into higher density apartments. Whether you're a seasoned investor or a visionary homebuyer, this one-of-a-kind triplex offers with shops, parks and activities.

Location

State OR

County Multnomah

Community Laundry

Area _141

Zoning CM2

Rooms

Basement Partial Basement, Storage Space, Unfinished

Interior

Heating Forced Air

Cooling Central Air

Exterior

Community Features Laundry

View Trees Woods

Roof Type Shingle

Garage No

Building

Lot Description On Busline, Trees

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Astor

Middle Schools Astor

High Schools Roosevelt

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

Regional Multiple Listing Service (RMLS)

GET MORE INFORMATION

Sarah Nagel

REALTOR® | Lic# 201251790

sarah.nagel16@gmail.com

+1(707) 234-9887

1500 NW Bethany Blvd STE190, Beaverton, OR, 97006, USA

7521 N GLOUCESTER AVE Portland, OR 97203

Sarah Nagel

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

7521 N GLOUCESTER AVE