7521 N GLOUCESTER N AVE, Portland, OR 97203

$650,000
3,892
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$650,000
Price Change
▼ $49,999 1785182419
Days on Market
74
MLS#
653794194
Property Type
Multifamily
Sqft. of Residence
3,892
Lot Size
3, 000 to 4, 999 SqFt
Region
Portland North
Status
ACTIVE

Property Description

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: 2BR | hardwood floors, built-ins, remodeled kitchen and bath with penny tile, clawfoot tub, and original hardwareUnit 3: 2BR + bonus room | new carpet, new HVAC, refreshed kitchen — ideal for residential, office, or commercial use at lease endEvery unit has basement storage. Shared backyard, deck, front porches, and coin-op laundry. Approximately 50 feet adjoining a parking lot with driveway easement potential. CM2 zoning supports wellness, medical, professional office, retail, and more — with long-term redevelopment upside within the Prosper Portland Interstate Urban Renewal Area. Under one mile to University of Portland and New Seasons. Transit lines 75 and 35.

Additional Information

Tax Amount
$6,899
Year Built
1909
High School
Roosevelt
Elementary School
Astor
Middle School
Astor
Acres
0.10
Living Area
3,892
Stories
2
Subdivision
PORTSMOUTH/UNIVERSITY PARK
Lot Size Dimension
50' x 85'
Terms
Cash, Contract, Conventional, FHA, VA Loan
Cooling Description
Central Air, Window Unit(s)
Fuel Description
Gas
Heating Description
Forced Air
Hoa Rent Includes
Maintenance Grounds
Hot Water Description
Gas
Exterior Description
Wood Siding
Roof Type
Shingle
Sewer Description
Public Sewer
View
Trees/Woods
Parking
On Street
Security Or Entry
Security System, Security System Owned
Parking Description
On Street
Road Surface
Paved
Number Of Units Total
3
Unit Type One Baths Total
1
Unit Type One Beds Total
1
Unit Type One Rent
1155
Unit Type One Sq Ft
450
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Units Total
1
Unit Type Three Baths Total
1
Unit Type Three Beds Total
2
Unit Type Three Rent
1600
Unit Type Three Sq Ft
987
Unit Type Three Units Total
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Living Room Realty.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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.