Amazing cashflow property. One of the best values in Portland urban core! This impeccably preserved 1884 duplex is a unique opportunity. The property lives like a home with an ADU in the basement. Professionally managed for a hassle-free experience, the duplex is strategically located across from Providence Hospital, Oregon's largest employer. Situated in a vibrant neighborhood with renowned restaurants, coffee shops, and excellent amenities, this property ensures both comfort and convenience. Key features include on-site laundry potential, off-street parking, and RM2 zoning for potential expansion. With a remarkable Cap Rate exceeding 7%, this property is not only a charming residence but also a smart investment. Don't miss the chance to own a piece of Portland's history with this versatile and lucrative property.
Sold
$542,500
5108 NE Glisan St, Portland, OR 97213
3beds
2,458sqft
Multi Family
Built in 1884
-- sqft lot
$551,500 Zestimate®
$221/sqft
$2,912 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 16, 2025 at 06:46am
Listed by:
Joe Spanish 503-860-2805,
Windermere Realty Trust
Bought with:
Claudia Pobanz, 200407226
Silver Key Real Estate LLC
Source: RMLS (OR),MLS#: 24178076

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air
Appliances
- Included: Range, Gas Water Heater
Features
- Flooring: Wood
- Basement: Full
Interior area
- Total structure area: 2,458
- Total interior livable area: 2,458 sqft
Property
Parking
- Total spaces: 1
- Parking features: Assigned
Features
- Stories: 2
Lot
- Features: SqFt 3000 to 4999
Details
- Parcel number: R130627
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Shingle Siding
- Foundation: Block, Concrete Perimeter
Condition
- Year built: 1884
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Portland
HOA & financial
Other financial information
- Total actual rent: 4200
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Concrete
Services availability
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Estimated market value
$551,500