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5531 S Kelly Ave

Portland, OR 97239
  • $599,000
  • STATUS: Active
  • ON SITE: 44 Days
  • MLS #: 743952848
UPDATED: 74 min ago
$599,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,448
    SQFT
  • $245
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1908
County:

School Information

Elementary School:
Middle School:
High School:

Description

Fantastic opportunity to own a well-maintained, updated duplex just off Macadam Avenueminutes from downtown Portland, OHSU, and the South Waterfront. Both units are occupied by reliable long-term tenants who value the quiet neighborhood and convenient location, offering immediate, stable income for the next owner.Each unit features its own private yard, updated finishes, and great natural light. The property has been thoughtfully cared for, minimizing maintenance needs and ensuring long-term tenant satisfaction.Centrally located near shopping, coffee shops, parks, and public transportation, this duplex attracts consistent rental demand and strong appreciation potential. A turn-key investment in one of Portland's most desirable and accessible areas.

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Listing content is copyright © 2025 RMLS™, Portland, Oregon. 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 Central Oregon Home Pros | KW are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-12-04T13:48:34.573.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Central Oregon Home Pros | KW and should be independently verified.
www.buysellcentraloregon.com/homes/169074807
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5531 S Kelly Ave Portland, OR 97239

  • Price: $599,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 74 min ago
  • MLS #: 743952848
0
Beds
0
Baths
0
½ Baths
0.12
Acres
2,448
SQFT
$245
$/SQFT
1908
Built
Neighborhood:
Sweeneys Addition
County:
Multnomah
Area:
Portland Nw/ Sw/ S, Raleigh Hills
Elementary School:
Capitol Hill
Middle School:
Jackson
High School:
Ida B Wells
Property Description
Fantastic opportunity to own a well-maintained, updated duplex just off Macadam Avenueminutes from downtown Portland, OHSU, and the South Waterfront. Both units are occupied by reliable long-term tenants who value the quiet neighborhood and convenient location, offering immediate, stable income for the next owner.Each unit features its own private yard, updated finishes, and great natural light. The property has been thoughtfully cared for, minimizing maintenance needs and ensuring long-term tenant satisfaction.Centrally located near shopping, coffee shops, parks, and public transportation, this duplex attracts consistent rental demand and strong appreciation potential. A turn-key investment in one of Portland's most desirable and accessible areas.
Exterior Features

Attached Garage YN No Exterior Description Wood Siding Foundation Details Concrete Perimeter Lot Features Level Parking Features On Street Paved Road Surface Type Paved Roof Composition View YN No

Interior Features

Cooling Wall Unit Cooling YN Yes Heating Wall Heater Heating YN No

Property Features

Association YN No Bank Owned YN No Fuel Description Electricity Green Certification YN No Gross Income 48960 Hot Water Description Electricity Gas IDXAddress Display YN Yes Internet Service Type Cable Listing Terms Cash Conventional FHA VALoan Net Operating Income 24460 Operating Expense 3200 Property Attached YN No Property Condition Existing Rent Includes None Sewer Public Sewer Short Sale YN No Storage None Tax Annual Amount 7657.71 Tax Year 2024 Water Source Public Water Zoning R2

Listing provided courtesy of Willcuts Company Real Estate: 503-538-8311.


Listing content is copyright © 2025 RMLS™, Portland, Oregon. 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 Central Oregon Home Pros | KW are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-12-04T13:48:34.573.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Central Oregon Home Pros | KW and should be independently verified.
 
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