Pending

Multifamily

5533 S KELLY AVE

Portland, OR 97239

$574,500

MOTIVATED SELLER, bring all offers! Fantastic opportunity to own a well-maintained, updated duplex just off Macadam Avenue—minutes 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… Read MoreRead Less

Listing courtesy of Willcuts Company Real Estate.

Listing Snapshot. Source: Home Junction

Days Online

148

Last Updated

Mar 17, 2026

Square Ft.

2,448

Lot Size

0.12 Acres

Year Built

1908

MLS Number

743952848

30 Days Snapshot Of 97239

$698k

-29%

(avg) sold price

+109%

homes sold

101

+60%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road Surface Type: Paved

Building

Building Area Total: 2448, Built in 1908, Storage: None, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2

Cooling

Cooling: WallUnit

Disclosures

Disclosures: Disclosure

Expenses

Operating Expense Scheduled: 3200, Operating Expense: $3,200

Exterior Features

Exterior Description: WoodSiding

Foundation

Foundation Details: ConcretePerimeter

Heating

Heating: WallHeater

Income

CAP Rate: 4.26, Gross Income: $48,960, Gross Rent Multiplier: 11.73, Gross Scheduled Income: $48,960, Net Operating Income: $24,460, Net Scheduled Income: 24460

Lot

Features: Level, Size Acres: 0.12, Size Range: SqFt5000to6999, Size Square Feet: 5,227, Size: 5,000 to 6,999 SqFt

Miscellaneous

Investor Information: AccordingToOwner

Parking

Features: OnStreet, Paved

Property

Number Of Units Total: 2, Property Condition: Existing, Zoning: R2

Roof

Roof: Composition

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $7,943, Legal Description, Tax Year: 2024

Unit One

Actual Rent: $2,100, Area: 841, Features: HardwoodFloors, Refrigerator, WasherDryer, WindowCoverings, Units Total: 1, 1 total bathroom, 2 total bedroom

Unit Two

Actual Rent: $1,980, Area: 746, Features: Dishwasher, Disposal, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 1 total bedroom

Utilities

Fuel Description: Electricity, Hot Water Description: Electricity, Gas, Internet Service Type: Cable, Water Source: PublicWater

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Mortgage Calculator. Source: AgentFire

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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 Willcuts Company Real Estate are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on Mar 17, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on Mar 17, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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