- ADDRESS:
- 7521 N GLOUCESTER AVE Portland, OR 97203
- Price:
- $820,000
- Units:
- 3
- Acres:
- 0.1
- Unit 1:
-
1 Bed
1.0 Bath
$1,155/mo
Features: Fireplace, Range - Unit 2:
- 2 Bed 1.0 Bath $1,520/mo
- Unit 3:
- 2 Bed 1.0 Bath $1,670/mo
- MLS#:
- 232296525
- Lot Size:
- 3,000 to 4,999 SqFt
- Type:
- Multi
- Zone:
- CM2
- Yr Built:
- 1909
- Taxe/yr:
- $6,651.66
- County:
- Multnomah
- Status:
- Active
- Levels:
- 2
- Heat:
- Forced Air
- Nhood/Bldg:
- PORTSMOUTH
- View:
- Trees/Woods
- Elem:
- Astor
- Middle:
- Astor
- High:
- Roosevelt
- Lot Desc:
- On Busline, Trees
- Area:
- Portland North
- Courtesy of:
- Living Room Realty
- Remarks:
- 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