7521 N Gloucester Ave, Portland, OR 97203

Portland
Local realty services provided by:Knipe Realty ERA Powered
7521 N Gloucester Ave,Portland, OR 97203
$775,000
  • - Beds
  • - Baths
  • 3,892 sq. ft.
  • Multi-family
  • Active
Listed by: jessica burke
Office: living room realty
MLS#:232296525
Source:PORTLAND

Price summary

  • Price:$775,000
  • Price per sq. ft.:$199.13

About this home

Motivated sellers. 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 pay the mortgage. Located in Prosper Portland Interstate URA.This former farmhouse has been thoughtfully converted into a three-unit building that blends vintage charm with functional updates. CM2 zoning allows for flexible commercial use today and long-term potential for higher-density redevelopment. All units have been updated and include basement storage access, coin-operated laundry for additional income, shared backyard and deck, and inviting front porches. The lot abuts a parking lot, with approximately 6’ x 50’ belonging to the property, offering potential on-site parking (driveway easement agreement

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Home facts

  • Year built:1909
  • Listing ID #:232296525
  • Added:192 day(s) ago
  • Updated:February 27, 2026 at 12:21 PM

Rooms and interior

  • Basement Description:Partial Basement, Storage Space, Unfinished
  • Living area:3,892 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air

Structure and exterior

  • Roof:Shingle
  • Year built:1909
  • Building area:3,892 sq. ft.
  • Lot area:0.1 Acres
  • Lot Features:On Busline, Trees
  • Foundation Description:Concrete Perimeter
  • Levels:2 Stories

Schools

  • High school:Roosevelt
  • Middle school:Astor
  • Elementary school:Astor

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$775,000
  • Price per sq. ft.:$199.13
  • Tax amount:$6,652 (2024)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Knipe Realty ERA Powered are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: February 27, 2026

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