Description
Just Listed! Check out this duplex opportunity in the heart of North Portland's Piedmont/Albina neighborhood! This well-positioned two-unit property offers an excellent opportunity for investors, owner-occupants, or buyers looking to house-hack while building equity. Situated on a level 0.12-acre lot, the property features two comfortable 2-bedroom, 1-bath units, each approximately 780 square feet. Both units feature practical layouts and desirable amenities including dishwashers, ranges, refrigerators, and laundry. Water and trash are included in the current rental arrangement. Unit 7320 had a top to bottom remodel in 2024 including a mini-split. Unit 7322 had a partial remodel in 2025. The property also offers a driveway with ample parking for two vehicles.The front unit is currently tenant occupied with a month-to-month lease and generates $2,120/month in rent. The second unit (most recently rented at $1685/month) is now vacant and ready for its next occupant. For investors, when both units are rented, the property produces $45,660 in gross annual income and roughly $12,000 in operating expenses. For an owner-occupant, the vacant unit creates the opportunity to live in one side while generating rental income from the other.Located in the established Piedmont/Albina area, the property provides convenient access to North Portland amenities, transportation, dining, shopping, parks, and neighborhood favorites. This is a versatile opportunity for both investors and buyers looking for their next home in a desirable Portland location.Whether you're looking to expand your investment portfolio or make the leap into owner-occupied multifamily living, this duplex offers flexibility, income potential, and an excellent North Portland location. Come see the possibilities!
Details
| MLS # | 342885573 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1979 |
| Days On Site | 55 |
| Listing Provided By | Keller Williams Realty Professionals | Katelin Wille |
Features
| SQ Feet | 1,560 |
|---|---|
| Basement | Y |
| Story(s) | 1 |
| Units | 2 |
| Zoning | RM1 |
| Acreage | 0.12 |
Interior
| Heating | Baseboard, Mini Split |
|---|---|
| Heating Yn | Yes |
| Cooling | Mini Split, None |
| Cooling Yn | Yes |
Exterior
| Roof | Composition |
|---|---|
| Foundation Details | Concrete Perimeter |
| Lot Features | Level |
Parking
| Attached Garage Yn | No |
|---|---|
| Parking Features | Driveway |
Taxes
| Property | 4751 |
|---|
Area Information
| State | OR |
|---|---|
| County | Multnomah |
| City | Portland |
| Zip Code | 97217 |
| Community Name | PIEDMONT/ALBINA |
| School District | Jefferson |
| Elementary School | Woodlawn |
| High School | Jefferson |
| Listing VS Median (in PIEDMONT/ALBINA) | |
Price: $550,000 low | high Med: $624,500 sqft: 1,560 low | high Med: 2,023 $ / sqft: $353 low | high Med: $317 On site: 55 low | high Med: 47 | |
Market Activity 97217
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Learn More About This Property
| State | OR |
|---|---|
| County | Multnomah |
| City | Portland |
| Zip Code | 97217 |
| Community Name | PIEDMONT/ALBINA |
| School District | Jefferson |
| Elementary School | Woodlawn |
| High School | Jefferson |
| Listing VS Median (in PIEDMONT/ALBINA) | |
Price: $550,000 low | high Med: $624,500 sqft: 1,560 low | high Med: 2,023 $ / sqft: $353 low | high Med: $317 On site: 55 low | high Med: 47 | |
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