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2523 SE 138TH AVE

Portland, OR 97236

$424,900

Rare opportunity to buy a duplex that is zoned CM1 (commercial mixed use). Private flag lot, please do not go on to property without appointment, both sides are currently rented. Do not disturb tenants. By appointment only. Each side is two bedroom one bath, covered front porch patio and fenced… Read MoreRead Less

Listing courtesy of Keller Williams Realty Professionals.

Listing Snapshot

Days Online

Last Updated

Jul 3, 2026

Square Ft.

1,560

Lot Size

0.14 Acres

Year Built

1996

MLS Number

184199120

30 Days Snapshot Of 97236

$447k

-2%

(avg) sold price

-24%

homes sold

-11%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road Surface Type: Paved

Basement

Basement: CrawlSpace

Building

Building Area Total: 1560, Built in 1996, Stories: 1, Unit Type Type: UnitTypeType1, UnitTypeType2

Cooling

Cooling: None

Expenses

Operating Expense: $12,694

Exterior Features

Exterior Description: WoodSiding

Foundation

Foundation Details: ConcretePerimeter

Heating

Heating: WallHeater, Zoned

Income

CAP Rate: 3.9, Gross Income: $28,800, Gross Rent Multiplier: 14.75, Net Operating Income: $16,566

Lot

Features: FlagLot, Level, Size Acres: 0.14, Size Range: SqFt5000to6999, Size Square Feet: 6,098, Size: 5,000 to 6,999 SqFt

Energy Saving

Energy Efficiency Features: DoublePaneWindows

Parking

Features: Driveway, OffStreet, 2 total parking spots

Property

Number Of Units Total: 2, Zoning: CM1

Roof

Roof: Composition

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $5,711, Legal Description, Tax Year: 2025

Unit One

Actual Rent: $1,200, Area: 760, Features: WasherDryerHookup, Units Total: 1, 1 total bathroom, 2 total bedroom

Unit Two

Actual Rent: $1,200, Area: 760, Features: WasherDryerHookup, Units Total: 1, 1 total bathroom, 2 total bedroom

Utilities

Fuel Description: Electricity, Hot Water Description: Electricity, Tank, Internet Service Type: Cable, FiberOptics, 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 Living Room Realty 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 Jul 3, 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 Jul 3, 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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2523 SE 138TH AVE

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