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    5531 S Kelly Ave Portland, OR 97239

    For Sale
    $599,000

    MULTI_FAMILY - Portland, OR

    Property size:
    2,448 SF
    Lot size:
    0.12 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 6 at 10:06 pm

    Property Features for 5531 S Kelly Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R2
    Rooms
    Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
    Bedrooms
    3
    APN
    R281953
    Size
    2,448 SF
    Lot size
    0.12 Acres

    Utilities

    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1908
    Floors in Building
    2
    Number of units
    2
    Roof type
    Composition

    Willcuts Company Realtors (503) 538-8311 [email protected]

    Listing agent Stacey Bent (503) 538-8311

    Listing date Nov 17, 2025

    MLS# 743952848 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

    Updated Duplex Near Macadam Avenue

    This is a well-maintained and updated duplex located just off Macadam Avenue, minutes from downtown Portland, OHSU, and the South Waterfront. The property is currently occupied by reliable long-term tenants, providing immediate and stable income. Each unit includes a private yard, updated finishes, and natural light. The property has been thoughtfully cared for, minimizing maintenance needs and ensuring long-term tenant satisfaction. The duplex is centrally located near shopping, coffee shops, parks, and public transportation, attracting consistent rental demand and strong appreciation potential. This property is a turn-key investment in one of Portland's most desirable and accessible areas. The lot size is 0.12 acres. The property size is 2448 square feet. The zoning is R2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.676049
    Latitude
    45.483332

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with long-term tenants near downtown Portland.
    Where is this duplex located?
    The property is located at 5531 S Kelly Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Immediate, stable income from reliable long-term tenants.; - Prime location near downtown Portland, OHSU, and the South Waterfront.; - Each unit has a **private yard**, updated finishes, and **great natural light**.
    (503) 538-8311
    Request Owner's contact information
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    Portland, OR 97239
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    5531 S Kelly Ave Portland, OR 97239
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