5108 Northeast Glisan Street

Portland, OR 97213

$569,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.
  1. Listed by Joe Spanish • Windermere Realty Trust • 503-860-2805

Property Details for 5108 Northeast Glisan Street

Parking Features
Assigned
Zoning
RM2
Parking Total
1.00
LISTING UPDATED: 12/14/2024 12:26 AM

Property Details for 5108 Northeast Glisan Street

StatusActive
MLS #24178076
Days on Market35
Taxes$5,188 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1884
Lot Size-
CountyMultnomah County

Building Information for 5108 Northeast Glisan Street

Stories2Residences2Year Built1884Building Size-Lot Size-

Property Information for 5108 Northeast Glisan Street

Summary
Location and General Information
  • Country: US
  • Directions: NE Glisan between 52nd and 49th
  • Road Surface: Concrete
School Information
  • Elementary School: Laurelhurst
  • High School: Grant
  • Middle Or Junior School: Laurelhurst
Taxes and HOA
  • Tax Annual Amount: $5,187.87
  • Parcel Number: R130627
  • Tax Legal Description: CENTER ADD, BLOCK 4, LOT 3 EXC PT IN ST
Property
Lot Information
  • Lot Size Range: Sq Ft3000to4999
  • Lot Size: 3,000 to 4,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Year Built: 1884
Utilities
  • Fuel Description: Gas
  • Heating Description: Forced Air
  • Hot Water Description: Gas
  • Sewer Description: Public Sewer
  • Rent Includes: Gas, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Shingle Siding
Interior Features
  • Basement: Full Basement
  • Foundation Details: Block, Concrete Perimeter
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $50,400.00
  • Gross Income Projected: $50,400.00
  • Gross Rent Multiplier: $11.29
  • Net Income Actual: $40,800.00
  • Net Income Projected: 40800
  • Operating Expense: $9,600.00
  • Storage: Attached
  • Unit Type Type: Unit Type Type1, Unit Type Type2
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 2.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Range, Wood Floors
  • Unit Type 1 Rent: $2,600
  • Unit Type 1 SqFt: 1738.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 0
  • Unit Type 2 Rent: $1,600
  • Unit Type 2 SqFt: 720.0
  • Unit Type 2 Units Total: 1

Schools near 5108 Northeast Glisan Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Charter - K to 5
Public - 6 to 8
Rating
School
Distance
Laurelhurst Elementary School
PublicK to 8

Grant High School
Public9 to 12

Portland Arthur Academy Charter School
CharterK to 5

Da Vinci Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5108 Northeast Glisan Street is a multi-family home for sale in Portland, OR 97213. This property was listed for sale on November 14, 2024 by Windermere Realty Trust, it's currently listed at $569,000. This listing's school district is Portland School District 1j. Nearby schools include Laurelhurst Elementary School, Grant High School and Portland Arthur Academy Charter School. 5108 Northeast Glisan Street is a 0-bed, 0-bath, multi-family home built in 1884.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Windermere Realty Trust

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