Additional details

Discover Northwest Realty - Land

info@unitedcountrynw.com +1(360) 843-4032

Listed by Living Room Realty

$725,000

Est. payment - /mo

3,892 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,892 sqft

Price per Sqft $186

Subdivision Portsmouth/University Park

MLS Listing ID 653794194

HOA Y/N No

Year Built 1909

Annual Tax Amount $6,899

Tax Year 2025

Lot Size 4,356 Sqft

Property Description

Rare CM2 mixed-use triplex in North Portland — all three units leased and cash-flowing from day one. This converted farmhouse offers a turnkey investment with genuine commercial flexibility in a zoning classification that's increasingly scarce.Unit 1: 1BR | hardwood floors, wood-burning fireplace, updated kitchen and bathUnit 2: 2BR | hardwood floors, built-ins, remodeled kitchen and bath with penny tile, clawfoot tub, and original hardwareUnit 3: 2BR + bonus room | new carpet, new HVAC, refreshed kitchen — ideal for residential, office, or commercial use at lease endEvery unit has basement storage. Shared backyard, deck, front porches, and coin-op laundry. Approximately 50 feet adjoining a parking lot with driveway easement potential. CM2 zoning supports wellness, medical, professional office, retail, and more — with long-term redevelopment upside within the Prosper Portland Interstate Urban Renewal Area. Under one mile to University of Portland and New Seasons. Transit lines 75 and 35.

Location

State OR

County Multnomah

Community Alllandscaping, Laundry

Area _141

Zoning CM2

Rooms

Basement Daylight, Exterior Entry, Storage Space

Interior

Heating Forced Air

Cooling Central Air, Window Unit

Exterior

Community Features AllLandscaping, 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, Contract, Conventional, FHA, VALoan

Listing Terms Cash, Contract, Conventional, FHA, VALoan

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Regional Multiple Listing Service (RMLS)

Nearby School & Business

Discover Northwest Realty - Land

Broker | License ID: 90947

+1(360) 843-4032 | info@unitedcountrynw.com

7521 N GLOUCESTER AVE N Portland, OR 97203

Discover Northwest Realty - Land

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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