7521 N Gloucester Ave N, Portland, OR 97203

Portland
Local realty services provided by:Knipe Realty ERA Powered
7521 N Gloucester Ave N,Portland, OR 97203
$650,000
  • - Beds
  • - Baths
  • 3,892 sq. ft.
  • Multi-family
  • Active
Listed by: jessica burke
Office: living room realty503-719-5588
MLS#:653794194
Source:PORTLAND

Price summary

  • Price:$650,000
  • Price per sq. ft.:$167.01

About this home

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...

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Home facts

  • Year built:1909
  • Subdivision & Development:PORTSMOUTH/UNIVERSITY PARK
  • Listing ID #:653794194
  • Added:138 day(s) ago
  • Updated:October 01, 2026 at 12:04 PM

Rooms and interior

  • Basement Description:Daylight, Exterior Entry, Storage Space
  • Living area:3,892 sq. ft.

Heating and cooling

  • Cooling:Central Air, Window Unit
  • 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:$650,000
  • Price per sq. ft.:$167.01
  • Tax amount:$6,899 (2025)

Parking

  • Parking description:On street
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: October 1, 2026

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