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    5103 NE 42Nd Ave Portland, OR 97218

    New
    For Sale
    $870,000

    MULTI_FAMILY - Portland, OR

    Property size:
    2,603 SF
    Days on Market:
    4
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 5103 NE 42Nd Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM2
    Rooms
    Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 5
    Bedrooms
    6
    APN
    R181102
    Size
    2,603 SF

    Utilities

    Heating system
    Baseboard, Forced Air

    Building Details

    Year built
    1946
    Floors in Building
    1
    Number of units
    3
    Roof type
    Composition

    Real Broker, LLC (855) 450-0442 [email protected]

    Listing agent Heidi Torkko (855) 450-0442

    Listing date Dec 3, 2025

    MLS# 407658043 Listing URL

    Copyright © 2025 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.

    Overview

    Portland Triplex in NE Location

    This triplex is located in Northeast Portland. The property features three units, each with two bedrooms and one bathroom, and approximately 800 square feet of living space. The building is situated on a 100' x 100' level lot and includes covered parking, garbage service, and a large grassy area. Two of the three units have been fully remodeled and include a gas furnace and water heater. The property offers immediate income potential and future development opportunities, potentially benefiting from Portland's SDC waiver. The location provides convenient access to pubs, pizza, pastries, coffee, tacos, freeways, and public transit. It is also near the Concordia and Alberta Arts neighborhoods. The property is zoned RM2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.620697
    Latitude
    45.559748

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    FAQs

    What type of property is this?
    Triplex - Triplex in NE Portland with income and development potential.
    Where is this triplex located?
    The property is located at 5103 NE 42Nd Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $870,000.
    What are key features of this property?
    This property features: - Triplex in desirable NE Portland location offers immediate income potential.; - Large 100' x 100' level lot provides future development opportunities with Portland's SDC waiver.; - Live in one unit and rent out the other two for investment flexibility.
    (855) 450-0442
    Request Owner's contact information
    5103 NE 42Nd Ave Portland, OR 97218
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    Portland, OR 97218
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5103 NE 42Nd Ave Portland, OR 97218
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