Listing provided courtesy of Living Room Realty- MLS# 653794194
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Request Info7521 N GLOUCESTER AVE NPortland, OR 97203
Multi-Family · 3,892 Sq. ft. | 0.10 Acres$699,999
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7521 N GLOUCESTER AVE N Overview
- Time on Site:
- 46 days
- Visits:
- 0
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.
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7521 N GLOUCESTER AVE N Facts & Features
- Type Multi-Family
- Sq. ft. 3,892
- Price/Sq.ft. $180
- Lot 0.10 Acres
Details
General
School Information
- Elementary School: Astor
- Middle Or Junior School: Astor
- High School: Roosevelt
Income/Expenses
- Gross Income: 54214.0
- Gross Scheduled Income: 65057.0
- Net Operating Income: 46311.0
- Operating Expense: 7902.0
Building Information
- Year Built: 1909
Location/Region
- Country: US
- County Or Parish: Multnomah
- MLS Area Major: 141 - Portland North
- Subdivision Name: PORTSMOUTH/UNIVERSITY PARK
Community/Development
- Community Features: All Landscaping,Laundry
Rent/Lease Information
- Rent Includes: Maintenance Grounds
Tax Information
- Tax Annual Amount: 6899.49
- Tax Year: 2025
General Information
- Disclosures: Disclosure
- Listing Terms: Cash,Contract,Conventional,FHA,VA Loan
- Parcel Number: R248754
- Property Condition: Updated/Remodeled
- Property Type: Multi Family
- Zoning: CM2
Interior
Parking Information
- Garage Spaces: 0
Building Interior
- Building Area Total: 3892.0
General Information
- Basement: Daylight,Exterior Entry,Storage Space
- Cooling: Central Air,Window Unit(s)
- Foundation Details: Concrete Perimeter
- Heating: Forced Air
- Security Features: Security System,Security SystemOwned
- Stories: 2
Exterior
Parking Information
- Parking Features: On Street
- Parking Total: 0
Lot Information
- Lot Features: On Busline,Trees
- Lot Size Acres: 0.1
- Lot Size Dimensions: 50' x 85'
- Lot Size Square Feet: 4356.0
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Roof: Shingle
General Information
- Number Of Units Total: 3
- Sewer: Public Sewer
7521 N GLOUCESTER AVE N Neighborhood
Community
97203 (Portland) Demographics
32
Median Age
3,309
Population Density (per sq. mile)
52%
College Educated
$67,229
Estimated Median Income
7,360
Estimated Total Home Owners
5,445
Estimated Total Renters
57% / 43%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.7521 N GLOUCESTER AVE N Monthly Cost
7521 N GLOUCESTER AVE N Market Data
Based on the last 30 days in this zip code
$441,913
Average List Price
$309
Average Price per Square Foot
38
Properties Sold
92
Average Days on Market
137
Properties for Sale
7521 N GLOUCESTER AVE N History
| Date | Value | Agent |
|---|---|---|
| 6/1/2026Source: Regional MLS | $699,999 -3.4% |
|
| 5/15/2026Source: Regional MLS | May 15, 2026 |