7015–7017 NE Glisan Street, the “70th Glisan Plex,” is a pair of garden-style duplexes offering four 2-bedroom units on a 0.23-acre CM-2-zoned corner lot in Southeast Portland. Each unit is approximately 854 square feet with in-unit laundry and full appliance packages, and the property is currently 100% occupied with long-term… Read More tenants, supporting a stabilized income stream and a concluded “as-is” leased-fee value of $610,000.Recent operating statements show consistent collections and strong net operating income from scheduled rents around $4,995 per month in 2026, with historical performance in 2024–2025 in a similar band despite one-time repairs and capital items. The buildings are considered Class C in average overall condition, with six paved off-street parking spaces and typical utilities, in a walkable location near transit, retail, and employment centers within the Southeast Portland multifamily submarket. Investors benefit from legally conforming CM-2 commercial/mixed-use zoning that allows a range of future uses—including additional multifamily or mixed-use redevelopment—while the current four-unit configuration continues to cash flow in a low-vacancy, rent-growth market. Read Less
Listing courtesy of ELEETE Real Estate.
Listing Snapshot
Days Online
0
Last Updated
Square Ft.
3,416
Lot Size
0.23 Acres
Year Built
1953
MLS Number
478813794
30 Days Snapshot Of 97213
$623k
+3%
(avg) sold price
19
-51%
homes sold
26
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: Unfinished
Building
Building Area Total: 3416, Built in 1953, Storage: Basement, Stories: 1, Unit Type Type: UnitTypeType1
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. 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.
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