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About This Home

This 5-bedroom, 3-bathroom residential multi family at 7521 N GLOUCESTER Ave N in Portland, OR is listed for $725,000 ($186 per sqft). Built in 1909, the home offers 3,892 sqft of living space on a 0.10 acres lot.

Agent Description

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 floo

rs, 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 35.

Key Features

  • Built in 1909
  • 0.10 acre lot
  • 2 stories

Property Details

2 stories
3 full
1909

Amenities

A/C

Monthly Cost Estimate

$3,877/mo

20% down · 6.5% · 30 years

Principal$524
Interest$3,142
Insurance$211

Estimates only. Actual payments may vary.

Location

7521 N GLOUCESTER Ave N

Portland, OR 97203

PORTSMOUTH/UNIVERSITY PARK

Property Details

Heating

Forced Air

Cooling

Window Unit(s)Central Air

Questions & Answers

This 5-bedroom, 3-bathroom residential multi family at 7521 N GLOUCESTER Ave N is listed at $725,000 ($186/sqft). The estimated monthly payment is $3,142 based on 20% down at 6.5% interest.

Key features include: Built in 1909, 0.10 acre lot, 2 stories.

This property is listed by Jessica Burke and can be reached at 9714049673 or jessie@equitydevelopmentlab.com.

JB

Jessica Burke

Agent at Living Room Realty

(971) 404-9673

Listed by Living Room Realty · View on Broker Site

MLS# 653794194· Source: listhub· Updated 17 days ago

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

7521 N GLOUCESTER Ave N, Portland, OR 97203

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