Mississippi Avenue Triplex Investment Opportunity

5814 N MISSISSIPPI Ave, Portland, OR 97217

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For Sale

$675,000

MULTI_FAMILY - Portland, OR

Lot size:

0.12 Acres

HighLights

1905‑built triplex with 3 units, including two rental units and one vacant unit for potential owner‑occupancy
Unit mix: Unit 1 is 1 bed/1 bath (rented); Unit 2 is 2 bed/1 bath (rented); Unit 3 is 2 bed/1 bath (vacant)
Combined gross rent of $2,587/mo from Unit 1 and Unit 2
Recent exterior and systems improvements include newer roof (composition), new siding and exterior paint, updated exterior lighting, and vinyl windows
Two water heaters plus basement with shared laundry and ample storage
Outdoor space includes a shared backyard for the lower two units, and Unit 2 has a covered balcony

We can help!

Listing Contact

Claire Paris

For Sale

$675,000

MULTI_FAMILY - Portland, OR

Lot size:

0.12 Acres

Added:: Mar 26, 2026
Days on Market:: 81
Last Refresh:: Jun 14 at 9:06 pm

Property Features for 5814 N MISSISSIPPI Ave

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R1
Bedrooms: 5
Bathrooms: 3
Rooms: Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 4
Standard status: Active
APN: R301430
Lot size: 0.12 Acres

Taxes and HOA fees

Tax Description: WEST PIEDMONT, BLOCK 11, LOT 7
Tax Annual Amount: 3284

Building Details

Year built: 1905
Floors in Building: 3
Number of units: 3
Roof type: Composition

We can help!

Listing Contact

Claire Paris

Listing agent Claire Paris License #200309285

Listing office Paris Group Realty LLC 5214 N Maryland Ave, Portland, OR

Listing date Mar 26, 2026

MLS# 748260085 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

1905‑built triplex with 3 units, including two rental units and one vacant unit for potential owner‑occupancy
Unit mix: Unit 1 is 1 bed/1 bath (rented); Unit 2 is 2 bed/1 bath (rented); Unit 3 is 2 bed/1 bath (vacant)
Combined gross rent of $2,587/mo from Unit 1 and Unit 2
Recent exterior and systems improvements include newer roof (composition), new siding and exterior paint, updated exterior lighting, and vinyl windows
Two water heaters plus basement with shared laundry and ample storage
Outdoor space includes a shared backyard for the lower two units, and Unit 2 has a covered balcony

Overview

This 1905 bungalow triplex is located in the Mississippi Avenue corridor. The property features three units. Rented ground floor Unit 1 has 1 bed and 1 bath, and upper Unit 2 has 2 beds and 1 bath, providing a combined gross income of $2587 per month. The vacant ground floor Unit 3 includes 2 beds, 1 bath, and an eat-in kitchen. The lower two units share access to a spacious backyard. Unit 2 has its own covered balcony. The basement offers shared laundry and ample storage. The property has room to elevate the interiors over time, creating additional upside in both rents and value. The property is set on a quieter stretch of N Mississippi, near a local cafe, Mississippi Studios, and local shops. Nearby Peninsula Park offers rose gardens and open green space. Originally built as a single-family home, the property has been updated to accommodate three units. Improvements include a newer roof, new siding and exterior paint, updated exterior lighting, Trex deck, vinyl windows, and two water heaters. All three units are accessed from a welcoming front porch. The lot size is 0.12 acres. The property is zoned R1.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.675711
Latitude: 45.565094

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For sale
Triplexes
OR
Portland
97217
5814 N MISSISSIPPI Ave

What type of property is this?

Triplex - Income-producing triplex in a vibrant Portland neighborhood.

Where is this triplex located?

The property is located at 5814 N MISSISSIPPI Ave Portland, OR.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 1905‑built triplex with 3 units, including two rental units and one vacant unit for potential owner‑occupancy; Unit mix: Unit 1 is 1 bed/1 bath (rented); Unit 2 is 2 bed/1 bath (rented); Unit 3 is 2 bed/1 bath (vacant); Combined gross rent of $2,587/mo from Unit 1 and Unit 2

5814 N MISSISSIPPI Ave, Portland, OR 97217

MULTI_FAMILY - Portland, OR

Property Features for 5814 N MISSISSIPPI Ave

General Information

Taxes and HOA fees

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

Modern 4-Unit Residential Property

New Construction Cottage Portfolio

New Multifamily Investment by Park

Versatile Commercial Property with Warehouse

1907 Duplex with Separate Entrances

Rose City Park Multifamily Investment

New Cottage Homes in Beaumont-Wilshire

Four-Unit Residential Income Property

Craftsman Triplex with Three Meters

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