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 features its own private yard, updated finishes, and great natural light. The property has been thoughtfully cared for, minimizing maintenance needs and ensuring long-term tenant satisfaction.Centrally located near shopping, coffee shops, parks, and public transportation, this duplex attracts consistent rental demand and strong appreciation potential. A turn-key investment in one of Portland’s most desirable and accessible areas.
Active
Price cut: $39.9K (11/16)
$599,000
5531 S Kelly Ave, Portland, OR 97239
3beds
2,448sqft
Est.:
Residential, Single Family Residence
Built in 1908
-- sqft lot
$-- Zestimate®
$245/sqft
$-- HOA
What's special
Private yardUpdated finishesGreat natural light
- 56 days |
- 755 |
- 33 |
Zillow last checked: 8 hours ago
Listing updated: November 17, 2025 at 03:35am
Listed by:
Stacey Bent 503-538-8311,
Willcuts Company Real Estate
Source: RMLS (OR),MLS#: 206187073
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
Rooms
- Room types: Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Closet
- Level: Upper
Bedroom 2
- Features: Closet
- Level: Main
Bedroom 3
- Features: Closet
- Level: Upper
Dining room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Cooling
- Wall Unit(s)
Appliances
- Included: Dishwasher, Disposal, Free-Standing Refrigerator, Washer/Dryer, Electric Water Heater, Gas Water Heater
Features
- Closet
- Flooring: Hardwood
Interior area
- Total structure area: 2,448
- Total interior livable area: 2,448 sqft
Video & virtual tour
Property
Parking
- Parking features: Driveway, On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Exterior features: Yard
- Fencing: Fenced
Lot
- Features: Level, Private, SqFt 5000 to 6999
Details
- Additional structures: SeparateLivingQuartersApartmentAuxLivingUnit
- Parcel number: R281953
- Zoning: R2
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1908
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Sweeneys Addition
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $245/sqft
- Annual tax amount: $7,657
- Date on market: 10/28/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/16/2025 | Price change | $599,000-6.2%$245/sqft |
Source:  RMLS (OR) #206187073 Report a problem | ||
| 10/20/2025 | Listed for sale | $638,900+3.2%$261/sqft |
Source: RMLS (OR) #743952848 Report a problem | ||
| 8/9/2024 | Listing removed | $619,000$253/sqft |
Source:  WVMLS #818438 Report a problem | ||
| 7/23/2024 | Price change | $619,000-3.1%$253/sqft |
Source: WVMLS #818438 Report a problem | ||
| 7/9/2024 | Price change | $639,000+6.5%$261/sqft |
Source: WVMLS #818438 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$3,547/mo
Principal & interest
$2863
Property taxes
$474
Home insurance
$210
Climate risks
Neighborhood: Corbett-Terwilliger-Lair Hill
Nearby schools
GreatSchools rating
- 9/10Capitol Hill Elementary SchoolGrades: K-5Distance: 1.6 mi
- 8/10Jackson Middle SchoolGrades: 6-8Distance: 3 mi
- 8/10Ida B. Wells-Barnett High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Capitol Hill
- Middle: Jackson
- High: Ida B Wells
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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