Back to Search

Modern Home with Income Potential

5623 N GAY Ave, Portland, OR 97217

View on Map

For Sale

$759,900

MULTI_FAMILY - Portland, OR

Property size:

2,557 SF

Price / SF:

$297/SF

Listing Contact

Darryl Bodle

Real Estate License ID: 199910100

HighLights

Modern home built in 2020 with approx. 2,557 sq ft across three levels and flexible living layout
Attached garage plus separate living quarters on the ground level: 1 bed, 1 full bath, exterior access, currently rented
Main level open living area with kitchen, dining, and living spaces plus half bathroom for guests
Kitchen features full‑size island with eat bar, stainless steel appliances, and extensive custom cabinetry
Upper level offers 3 bedrooms and 2 bathrooms, including a primary ensuite with walk‑in closet and walk‑in shower
Central air and forced‑air heating; includes laundry on upper level, a covered deck, and a fully fenced yard

For Sale

$759,900

MULTI_FAMILY - Portland, OR

Property size:

2,557 SF

Price / SF:

$297/SF

Added:: Apr 15, 2026
Days on Market:: 57
Last Refresh:: Jun 10 at 6:06 pm

Property Features for 5623 N GAY Ave

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R2.5
Bedrooms: 4
Bathrooms: 4
Rooms: Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
Standard status: Active
APN: R716360
Size: 2,557 SF

Taxes and HOA fees

Tax Description: FIFTY-SIX TWENTY-THREE CONDOMINIUMS, UNIT 2
Tax Annual Amount: 10697

Utilities

Heating system: Forced Air
Cooling system: Central Air

Building Details

Year built: 2020
Floors in Building: 3
Number of units: 2
Roof type: Composition

We can help!

Listing Contact

Darryl Bodle

Listing agent Darryl Bodle License #199910100

Listing office Keller Williams Realty Portland Premiere 7504 SW Bridgeport Rd, Portland, OR

Listing date Apr 15, 2026

MLS# 593159608 Listing URL

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

Modern home built in 2020 with approx. 2,557 sq ft across three levels and flexible living layout
Attached garage plus separate living quarters on the ground level: 1 bed, 1 full bath, exterior access, currently rented
Main level open living area with kitchen, dining, and living spaces plus half bathroom for guests
Kitchen features full‑size island with eat bar, stainless steel appliances, and extensive custom cabinetry
Upper level offers 3 bedrooms and 2 bathrooms, including a primary ensuite with walk‑in closet and walk‑in shower
Central air and forced‑air heating; includes laundry on upper level, a covered deck, and a fully fenced yard

Overview

This property offers approximately 2,557 square feet of living space across three levels, designed for flexibility for tenants or owner-occupants. The main level features a great room design with seamless flow between the kitchen, dining, and living areas, plus a half bathroom. The kitchen includes a full-size island with an eat bar, stainless steel appliances, and custom cabinetry. Large windows and sliding doors enhance natural light and connect to a covered deck and a fully fenced yard. The upper level offers a 3-bedroom, 2-bathroom configuration, including a primary ensuite with a walk-in closet and walk-in shower, along with centrally located laundry. The ground level includes an attached garage and separate living quarters with 1 bedroom, 1 full bathroom, and exterior access. This unit is currently rented and provides income. The property's location near Arbor Lodge Park, New Seasons Market, and the dining, cafes, and retail along N Lombard St and St Johns supports consistent demand and long-term value. The home has a Home Energy Score of 10.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.689545
Latitude: 45.563939

Nearby Similar for Sale

$2,000,000

6,070 SF

Six-Unit Apartment Community

2019-built six-unit community with in-unit laundry and off-street parking on a low-density lot.

8300 SE Flavel St, Portland, OR 97266

View Details
$629,990

3,120 SF

Single-Level Fourplex with Garages

Four 2-bedroom units each with a fenced yard, detached garage, and washer/dryer hookups.

18321 NE WASCO St, Portland, OR 97230

View Details
$4,313,900

11,578 SF

Detached Cottage Multifamily Portfolio

Twelve new construction detached two-bedroom cottages with modern in-unit features and efficient mini-split climate control.

7033 SE 60th Ave, Portland, OR 97206

View Details
$1,739,900

4,868 SF

New Construction Cottage Portfolio

Four detached homes near St. Johns with strong rental potential.

6603 N Seneca St, Portland, OR 97203

View Details
$1,969,900

4,815 SF

New Multifamily Investment by Park

Five-unit townhome investment across from Peninsula Park in Portland, Oregon.

6179 N Albina Ave, Portland, OR 97217

View Details
$899,000

5,982 SF

Versatile Commercial Property with Warehouse

Mixed-use property featuring storefronts, restaurant, and warehouse space.

1218 N Killingsworth Street, Portland, OR 97217

View Details
$2,889,900

7,179 SF

Rose City Park Multifamily Investment

New 7-unit multifamily property in Portland's Rose City Park.

2938 NE 62nd Ave, Portland, OR 97213

View Details
$1,979,900

4,588 SF

New Cottage Homes in Beaumont-Wilshire

Four newly built detached cottage homes in NE Portland.

4895 NE CESAR E CHAVEZ Blvd, Portland, OR 97211

View Details
$1,200,000

3,950 SF

Four-Unit Residential Income Property

Four-unit setup with covered parking and updated exterior elements suitable for income-focused ownership.

12369 SW WALNUT St, Portland, OR 97223

View Details
$589,000

3,111 SF

Craftsman Triplex with Three Meters

1910 Craftsman triplex with three electric meters and hot water tanks, recently improved exterior systems, and interiors needing updates.

535 NE KNOTT St, Portland, OR 97212

View Details
$699,999

3,892 SF

North Portland Mixed-Use Triplex

Cash-flowing triplex with commercial flexibility in a prime location.

7521 N GLOUCESTER Ave N, Portland, OR 97203

View Details
$799,999

3,438 SF

Classic Irvington Duplex with Income

Spacious Portland duplex with market rents and further potential.

1917 1919 NE 10TH Ave NE, Portland, OR 97212

View Details

For sale
Duplexes
OR
Portland
97217
5623 N GAY Ave

What type of property is this?

Duplex - Well-designed living space with rental income in a prime location.

Where is this duplex located?

The property is located at 5623 N GAY Ave Portland, OR.

What is the asking price?

The asking price for this property is $759,900.

What are key features of this property?

This property features: Modern home built in 2020 with approx. 2,557 sq ft across three levels and flexible living layout; Attached garage plus separate living quarters on the ground level: 1 bed, 1 full bath, exterior access, currently rented; Main level open living area with kitchen, dining, and living spaces plus half bathroom for guests

5623 N GAY Ave, Portland, OR 97217

MULTI_FAMILY - Portland, OR

Property Features for 5623 N GAY Ave

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Six-Unit Apartment Community

Single-Level Fourplex with Garages

Detached Cottage Multifamily Portfolio

New Construction Cottage Portfolio

New Multifamily Investment by Park

Versatile Commercial Property with Warehouse

Rose City Park Multifamily Investment

New Cottage Homes in Beaumont-Wilshire

Four-Unit Residential Income Property

Craftsman Triplex with Three Meters

North Portland Mixed-Use Triplex

Classic Irvington Duplex with Income

FAQs

Create New Password