OR > Portland > Portsmouth
Portland, OR 97203,7521 N GLOUCESTER AVE
Portland, OR 97203,7521 N GLOUCESTER AVE
Portland, OR 97203,7521 N GLOUCESTER AVE
Portland, OR 97203,7521 N GLOUCESTER AVE
Portland, OR 97203,7521 N GLOUCESTER AVE
Portland, OR 97203,7521 N GLOUCESTER AVE
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Jennifer Maben

Jennifer Maben

+1(503) 349-4365
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. Welcome to this beautifully maintained former farmhouse, now a thoughtfully converted triplex, 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. All 3 units have received updates in the last 10 years, 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 0' Whether you're a seasoned investor or a visionary homebuyer, this one-of-a-kind triplex offers with shops, parks and activities. Don't miss this exceptional investm

Location

State OR

County Multnomah

Area _141

Zoning CM2

Interior

Heating Forced Air

Cooling Central Air

Exterior

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)

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Jennifer Maben
Jennifer Maben

Broker-Owner | Lic# 970300166

+1(503) 349-4365

9200 SE Sunnybrook Blvd. Suite 150, Clackamas, OR, 97015

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7521 N GLOUCESTER AVE