7521 N GLOUCESTER AVE N

Portland, OR 97203
Square Ft.
3,892
$725,000
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: 2BRRead MoreRead Less
Listing courtesy of Living Room Realty.
Listing Snapshot
Days Online
0
Last Updated
Square Ft.
3,892
Lot Size
0.1 Acres
Year Built
1909
MLS Number
653794194
30 Days Snapshot Of 97203
$465k
-4%
(avg) sold price
35
+2%
homes sold
42
-40%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: Daylight, ExteriorEntry, StorageSpace
Building
Building Area Total: 3892, Built in 1909, Storage: Basement, Locked, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Community
Community Features: AllLandscaping, Laundry
Cooling
Cooling: CentralAir, WindowUnit
Disclosures
Disclosures: Disclosure
Expenses
Operating Expense Scheduled: 13011, Operating Expense: $7,902
Exterior Features
Exterior Description: WoodSiding
Foundation
Foundation Details: ConcretePerimeter
Heating
Heating: ForcedAir
Income
CAP Rate: 6.39, Gross Income: $54,214, Gross Rent Multiplier: 13.37, Gross Scheduled Income: $65,057, Net Operating Income: $46,311, Net Scheduled Income: 52046
Lot
Features: OnBusline, Trees, Size Acres: 0.1, Size Dimensions: 50' x 85', Size Range: SqFt3000to4999, Size Square Feet: 4,356, Size: 3,000 to 4,999 SqFt
Miscellaneous
Investor Information: MaintenanceRecordsAvailable, ProfitLossStatement, RentRecords, UtilityRecordsAvailable
Parking
Features: OnStreet
Property
Number Of Units Total: 3, Property Condition: UpdatedRemodeled, Zoning: CM2
Roof
Roof: Shingle
Security Features
Features: SecuritySystem, SecuritySystemOwned
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $6,899, Legal Description, Tax Year: 2025
Unit One
Actual Rent: $1,155, Area: 450, Features: Deck, Fireplace, HardwoodFloors, WindowCoverings, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Two
Actual Rent: $1,520, Area: 750, Features: Deck, HardwoodFloors, Storage, WindowCoverings, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Three
Actual Rent: $1,670, Area: 987, Features: AirConditioning, Refrigerator, Storage, WindowCoverings, Units Total: 1, 1 total bathroom, 2 total bedroom
Utilities
Fuel Description: Gas, Hot Water Description: Gas, Internet Service Type: Cable, Water Source: PublicWater
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This content last updated on . 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 . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.