5623 N GAY AVE

Portland, OR 97217

Active

Multifamily

Virtual Tour

$769,900

Opportunity to acquire one side of a modern duplex built by a multi year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, with the adjacent unit already sold. This offering provides ~2,557 sq ft of well designed living space across three levels,… Read MoreRead Less

Listing courtesy of Keller Williams Realty Portland Premiere.

Listing Snapshot

Days Online

Last Updated

Apr 15, 2026

Square Ft.

2,557

Year Built

2020

MLS Number

593159608

30 Days Snapshot Of 97217

$533k

+2%

(avg) sold price

+2%

homes sold

-23%

(avg) days on market

Snapshot

Area Map

Additional Details

Property

Zoning: R2.5, Property Condition: Existing, Number Of Units Total: 2

Property Access

Road Surface Type: Paved

Basement

Basement: SeparateLivingQuartersApartmentAuxLivingUnit

Building

Building Area Total: 2557, Built in 2020, Storage: Garage, Stories: 3, Unit Type Type: UnitTypeType1, UnitTypeType2

Cooling

Cooling: CentralAir

Disclosures

Disclosures: Exempt

Expenses

Operating Expense: $18,717

Exterior Features

Exterior Description: Cedar, CementSiding, LapSiding, Panel

Foundation

Foundation Details: Slab

Garage

Garage Spaces: 1

Heating

Heating: ForcedAir, WallHeater

Income

CAP Rate: 5.18, Gross Income: $58,583, Gross Rent Multiplier: 13.14, Net Operating Income: $39,866

Lot

Features: Level, PublicRoad, Size Range: SqFt0Kto2999, Size: 0K to 2,999 SqFt

Miscellaneous

Investor Information: Incomplete, RentRecords

Parking

Features: Driveway, Garage, 1 total parking spot

Roof

Roof: Composition

Security Features

Features: Sidewalk

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $10,697, Legal Description, Tax Year: 2025

Unit One

Actual Rent: $3,385, Area: 1964, Features: Deck, Dishwasher, Range, WasherDryerHookup, Units Total: 1, 3 total bathrooms, 3 total bedroom

Unit Two

Actual Rent: $1,425, Area: 595, Features: Dishwasher, Disposal, Microwave, WasherDryerHookup, Units Total: 1, 1 total bathroom, 1 total bedroom

Utilities

Fuel Description: Electricity, Gas, Hot Water Description: Gas, Tankless, Water Source: PublicWater

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than eXp Realty, LLC are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on Apr 15, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on Apr 15, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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