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7521 N GLOUCESTER AVE

Portland, OR 97203
Square Ft.
3,892
Active
Multifamily
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$785,000
Rare CM2-zoned commercial mixed-use property in the heart of North Portland, well-suited for office, wellness, or service uses such as massage therapy, chiropractic, medical, design studios, or professional services. Two of three units are currently leased, offering immediate income with the opportunity for owner-occupancy or office use while tenants help… Read MoreRead Less
Listing courtesy of Living Room Realty.
Listing Snapshot
Days Online
141
Last Updated
Square Ft.
3,892
Lot Size
0.1 Acres
Year Built
1909
MLS Number
232296525
30 Days Snapshot Of 97203
$459k
+2%
(avg) sold price
9
-67%
homes sold
44
+37%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement: PartialBasement, StorageSpace, Unfinished
Building
Building Area Total: 3892, Built in 1909, Storage: Basement, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Community
Community Features: Laundry
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: 5.9, Gross Income: $54,214, Gross Rent Multiplier: 14.48, 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
Miscellaneous
Investor Information: Leases, MaintenanceRecordsAvailable, ProfitLossStatement, UtilityRecordsAvailable
Parking
Features: OnStreet
Property
Number Of Units Total: 3, Property Condition: UpdatedRemodeled, Zoning: CM2
Roof
Roof: Shingle
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $6,652, Legal Description, Tax Year: 2024
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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Erika George and Kari McGee
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Schools In The Area

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Astor Elementary School 503-916-6244 Public KG-8
Roosevelt High School 503-916-5260 Public 9-12
Astor Elementary School 503-916-6244 Public KG-8
Astor Elementary School 503-916-6244 Public KG-8
Astor Elementary School 503-916-6244 Public KG-8
Roosevelt High School 503-916-5260 Public 9-12

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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.