5814 N Mississippi Ave, Portland, OR 97217
Local realty services provided by:ERA Freeman & Associates, Realtors
Listed by: claire paris
Office: paris group realty llc.
MLS#:633311451
Source:PORTLAND
Price summary
- Price:$700,000
- Price per sq. ft.:$899.74
About this home
Start your investment portfolio in one of the beloved neighborhoods with income already working for you on day one! This 1905 bungalow triplex in the heart of the Mississippi Ave. corridor is a compelling rental or owner-occupied home. Rented ground floor Unit 1 is 1 bed/1 bath and upper Unit 2 is 2 bed/1 bath provide immediate, stable income from day one, grossing a combined $2587/mo. Move right into vacant ground floor Unit 3 with its 2 beds, 1 bath, and an eat-in kitchen.The lower two units share access to a spacious blank slate backyard. Unit 2 has its own covered balcony providing outdoor space. The basement offers shared laundry and ample storage. There’s room to bring your own style and elevate the interiors over time, creating additional upside in both rents and value. It’s a smart way to get into the market in a location that’s coveted by owners and renters alike.Set on a quieter stretch of N Mississippi, this is exactly the kind of place renters are drawn to. Mornings start with a visit to the local café. Evenings end with dinner or drinks and a show at Mississippi Studios. Weekends are spent wandering the local shops along one of Portland’s most iconic streets: Sunlan Lighting, anyone? Nearby Peninsula Park offers rose gardens, open green space, and a true neighborhood gathering place for picnics in the sun.Originally built as a single-family home, the property has been updated to accommodate three units while maintaining its “Old Portland” vibes. Improvements include a newer roof, new siding and exterior paint, updated exterior lighting, Trex deck, vinyl windows, and two water heaters. All three units are accessed from a welcoming front porch, reinforcing that classic bungalow feel that resonates with renters and owners alike.This is more than just a house. It’s a flexible, income-producing property rooted in one of Portland’s most vibrant neighborhoods, where lifestyle and investment combine seamlessly....
Contact an agent
Home facts
- Year built:1905
- Listing ID #:633311451
- Added:2 day(s) ago
- Updated:March 29, 2026 at 11:20 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
- Full bathrooms:1
- Kitchen Description:Free Standing Range, Free Standing Refrigerator
- Basement Description:Unfinished
- Living area:778 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Roof:Composition
- Year built:1905
- Building area:778 sq. ft.
- Architectural Style:Bungalow
- Exterior Features:Deck
- Levels:1 Story
Schools
- High school:Roosevelt
- Middle school:Ockley Green
- Elementary school:Beach
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$700,000
- Price per sq. ft.:$899.74
- Tax amount:$3,284
Parking
- Parking description:On street
New listings near 5814 N Mississippi Ave
- Open Sun, 2 to 4pmNew
$157,900Active1 beds 1 baths580 sq. ft.1005 SW Park Ave #605, Portland, OR 97205
MLS# 270201339Listed by: YOGABUG REAL ESTATE LLC - Open Sun, 10:30am to 12:30pmNew
$575,000Active4 beds 2 baths1,856 sq. ft.9824 SW 56th Ave, Portland, OR 97219
MLS# 137359476Listed by: EXP REALTY, LLC - New
$429,900Active3 beds 3 baths1,684 sq. ft.8728 SE Division St, Portland, OR 97266
MLS# 534694629Listed by: THE BROKER NETWORK, LLC - Open Sun, 2 to 4pmNew
$595,000Active3 beds 2 baths1,737 sq. ft.3410 SW Underwood Dr, Portland, OR 97225
MLS# 395549981Listed by: WINDERMERE REALTY TRUST - Open Sun, 11am to 1pmNew
$529,000Active2 beds 2 baths1,920 sq. ft.1629 NE 150th Ave, Portland, OR 97230
MLS# 121889476Listed by: RE/MAX EQUITY GROUP
$1,100,000Pending2 beds 3 baths1,798 sq. ft.550 SW 10th Ave #2105, Portland, OR 97205
MLS# 552458863Listed by: CHRISTIE'S INTERNATIONAL REAL ESTATE EVERGREEN
$1,300,000Pending2 beds 3 baths1,629 sq. ft.550 SW 10th Ave #3105, Portland, OR 97205
MLS# 552479281Listed by: CHRISTIE'S INTERNATIONAL REAL ESTATE EVERGREEN
$1,200,000Pending2 beds 3 baths1,434 sq. ft.550 SW 10th Ave #3106, Portland, OR 97205
MLS# 210309456Listed by: CHRISTIE'S INTERNATIONAL REAL ESTATE EVERGREEN- New
$340,000Active2 beds 1 baths1,196 sq. ft.11272 NE Knott St, Portland, OR 97220
MLS# 326512709Listed by: MAL & SEITZ - New
$609,900Active4 beds 3 baths2,014 sq. ft.11513 SW Bambi Ln, Portland, OR 97223
MLS# 506694417Listed by: EXP REALTY, LLC