Single-Level
For Sale
$595,000
7552 N GILBERT Ave, Portland, OR 97203
MultiFamily, Portland, OR
Property Size2,312 SF
Lot Size0.16 Acres
Price / SF$257.35
Days on Market48
Property Features for 7552 N GILBERT Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 4
View
City
Elementary school
Astor
Middle school
George
High school
Roosevelt
Directions
N. Lombard to N.Gilbert Ave
Subdivision
_141
Standard status
Active
APN
R227575
Size
2,312 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
NORTHERN HILL ADD, BLOCK 8, LOT 22-29 EXC R/W
Tax Annual Amount
6248
Legal Description
NORTHERN HILL ADD, BLOCK 8, LOT 22-29 EXC R/W
Utilities
Heating system
Baseboard
Amenities
washer and dryer
Building Details
Year built
1976
Floors in Building
1
Number of units
3
Roof type
Shingle
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Tim Hyun
(971) 330-0070
Added: Aug 20
Changed: Oct 6
Last Checked: Oct 6 at 6:06PM
MLS# 280445250
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.
Investment Insights
Based on property information with market context.
This 2,312-square-foot triplex contains three single-level units with five bedrooms and three full bathrooms. The left and middle residences each offer two bedrooms, one bathroom, and approximately 848 square feet, while the right unit provides one bedroom, one bathroom, and approximately 616 square feet. Updated flooring and fresh interior paint enhance the interiors. The property includes baseboard heating, a shingle roof installed in 2019, and a middle-unit water heater and refrigerator described as new. A washer and dryer are included.
The middle unit is currently vacant and available for tours. Adjacent off-street parking serves the property. The 0.16-acre site is located near North Lombard Street shopping, dining, and public transit in Portland’s St. Johns area. The property was built in 1976 and is zoned R5.
The middle unit is currently vacant and available for tours. Adjacent off-street parking serves the property. The 0.16-acre site is located near North Lombard Street shopping, dining, and public transit in Portland’s St. Johns area. The property was built in 1976 and is zoned R5.
Key Highlights
- 2,312‑square‑foot triplex with five total bedrooms and three full baths
- Unit mix includes two 2‑bedroom residences and one 1‑bedroom residence
- Middle unit is vacant and available to tour
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,219
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,380
$644.4K
Cap Rate 7%
$460,271
$460.3K
Cap Rate 9%
$357,989
$358.0K
Market Conditions
NOI Build-Up for 2,312 SF
Gross rent
$48.6K $21.00/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$46.0K $19.91/SF
− OpEx
−$13.8K −$5.97/SF
NOI
$32.2K $13.94/SF
Area
Portland, OR
Vacancy
5.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,380
Cap Rate 7%
$460,271
Cap Rate 9%
$357,989
Alternative Uses
Best Use
Multifamily LT 5
$460.3K
$402.7K – $537.0K
NOI $32,219 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$424.1K
$371.1K – $494.8K
NOI $29,686 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$649.3K
$568.1K – $757.5K
NOI $45,449 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Explore this area
Business Placement
Demographics for 97203, OR
33,763
Population
13,462
Households
2.5
Avg Household Size
34
Median Age
45%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,126
Density / Sq Mi
$77,619
Median Household Income
$46,152
Median Earnings
$1,551
Median Rent
$468,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include a vacant middle unit, refreshed interiors, and adjacent off-street parking.
Where is this triplex located?
The property is located at 7552 N GILBERT Ave Portland, OR.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,312‑square‑foot triplex with five total bedrooms and three full baths; Unit mix includes two 2‑bedroom residences and one 1‑bedroom residence; Middle unit is vacant and available to tour
