135 NE 55TH Ave, Portland, OR 97213
MULTI_FAMILY - Portland, OR
- Added:
- Feb 26, 2026
- Days on Market:
- 108
- Last Refresh:
- Jun 14 at 11:06 pm
Property Features for 135 NE 55TH Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2.5
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 1
- Standard status
- Active
- APN
- R130725
- Size
- 2,700 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Description
- CENTER ADD, BLOCK 13, LOT 1, E 10' OF LOT 2
- Tax Annual Amount
- 7223
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Composition
Listing agent Jennifer Lillie (503) 502-3161
Listing office Premiere Property Group, LLC 5000 Meadows Rd Ste 150, Lake Oswego, OR (503) 670-9000
Listing date Feb 26, 2026
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.
HighLights
- Strong income potential with solid tenant history in a prime NE Portland location.
- Two separate units offer flexibility for investors or owner‑occupants.
- Unit 135 features 3 bedrooms, 2 bathrooms, vaulted beam ceilings, wood burning fireplace, private driveway, 1 car garage & finished basement.
- NEW ROOF (2022) and VINYL WINDOWS (2021).
- Convenient location near shops, restaurants, Providence Hospital, parks, public transportation, and major commuter routes.
- Unit 133 features 2 bedrooms, 1 bathroom, refinished hardwood floors, stacked W/D, dishwasher, gas range, refrigerator & fenced yards with a great covered patio.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.7k | $21.00 |
| − Vacancy | −$2.9k | −$1.09 |
| EGI | $53.8k | $19.91 |
| − OpEx | −$16.1k | −$5.97 |
| NOI | $37.6k | $13.94 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.607743
- Latitude
- 45.524146
