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

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Charles "Phil" Carscallen

MORE Realty

phil.carscallen@gmail.com +1(503) 453-5512

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)

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 453-5512

phil.carscallen@gmail.com

16037 SW Upper Boones Ferry Rd Suite 150, Tigard, OR, 97224

7521 N GLOUCESTER AVE Portland, OR 97203