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7521 N GLOUCESTER AVE

Portland, OR 97203

$820,000

Charming Farmhouse Triplex in the Heart of North Portland – Fully Leased with 5% Cap Rate and Upside Potential. Welcome to this beautifully maintained former farmhouse, now a thoughtfully converted triplex, nestled in the vibrant Peninsula neighborhood. This income-producing property blends vintage charm with modern upgrades. Opportunities for increased cash… Read MoreRead Less

Listing courtesy of Living Room Realty.

Listing Snapshot

Days Online

Last Updated

Sep 4, 2025

Square Ft.

3,892

Lot Size

0.1 Acres

Year Built

1909

MLS Number

232296525

30 Days Snapshot Of 97203

$466k

-5%

(avg) sold price

-10%

homes sold

-38%

(avg) days on market

Snapshot

Area Map

Additional Details

Taxes

Tax Year: 2024, Annual Amount: $6,652, Legal Description

Building

Building Area Total: 3892, Built in 1909, Storage: Basement, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3

Cooling

Cooling: CentralAir

Expenses

Operating Expense Scheduled: 13011, Operating Expense: $7,902

Exterior Features

Exterior Description: WoodSiding

Foundation

Foundation Details: ConcretePerimeter

Heating

Heating: ForcedAir

Income

CAP Rate: 5.65, Gross Income: $54,214, Gross Rent Multiplier: 15.13, 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

Parking

Features: OnStreet

Property

Number Of Units Total: 3, Property Condition: UpdatedRemodeled, Zoning: CM2

Roof

Roof: Shingle

Sewer

Sewer: PublicSewer

Unit One

Actual Rent: $1,155, Area: 450, Features: Fireplace, Range, Units Total: 1, 1 total bathroom, 1 total bedroom

Unit Two

Actual Rent: $1,520, Area: 750, Units Total: 1, 1 total bathroom, 2 total bedroom

Unit Three

Actual Rent: $1,670, Area: 987, 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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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 © 2025 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on Sep 4, 2025. 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 Sep 4, 2025. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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