7521 N GLOUCESTER AVE N, Portland, OR 97203
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7521 N GLOUCESTER AVE N, Portland, OR 97203
7521 N GLOUCESTER AVE N, Portland, OR 97203
7521 N GLOUCESTER AVE N, Portland, OR 97203
7521 N GLOUCESTER AVE N, Portland, OR 97203

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Paola Reyes

Paola Reyes

+1(971) 212-8422
Listed by Living Room Realty
$ 650,000
Est. payment /mo
Save
Active

7521 N GLOUCESTER AVE N Portland, OR 97203

5 Beds

3 Baths

3,892 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,892 sqft

Price per Sqft $167

Subdivision Portsmouth/University Park

MLS Listing ID 653794194

Bedrooms 5

HOA Y/N No

Year Built 1909

Annual Tax Amount $6,899

Tax Year 2025

Lot Size 4,356 Sqft

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.

Location

State OR

County Multnomah

Community Alllandscaping, Laundry

Area _141

Zoning CM2

Rooms

Basement Daylight, Exterior Entry, Storage Space

Interior

Heating Forced Air

Cooling Central Air, Window Unit

Exterior

Community Features AllLandscaping, Laundry

View Trees Woods

Roof Type Shingle

Garage No

Building

Lot Description On Busline, Trees

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Astor

Middle Schools Astor

High Schools Roosevelt

Others

Acceptable Financing Cash, Contract, Conventional, FHA, VALoan

Listing Terms Cash, Contract, Conventional, FHA, VALoan

Regional Multiple Listing Service (RMLS)

Amenities & Attractions

Restaurants
Home Services
Health & Medical
Local Services
Shopping
Recreation
Arts & Entertainment
Food
Beauty
Nightlife
Event Planning & Services
Automotive
Religious Organizations
Financial Services
Professional Services
Pets
Education

  • Cha! Cha! Cha!

    5225 N Lombard St, Portland, OR 97203

    Mexican Phone: 503-802-2262

  • Columbia International Cup

    9022 N Newman Ave, Portland, OR 97203

    Coffee & Tea Phone: 503-477-9716

  • Drunken Noodle

    5907 N Lombard St, Portland, OR 97203

    Chinese Phone: 503-830-1515

  • Pizza Hut

    5265 N Lombard St, Portland, OR 97203

    Pizza Phone: 503-283-4543

Paola Reyes

Paola Reyes

Agent

+1(971) 212-8422

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7521 N GLOUCESTER AVE N