About 5108 Ne Glisan St
Embrace History: Historic Duplex with Expansion Potential. Transport yourself to Portland's past with this impeccably preserved 1884 duplex a unique investment opportunity blending vintage charm with modern potential. Professionally managed for a hassle-free experience, the property boasts full occupancy, strategically situated across from Providence Hospital, Oregon's largest employer. Nestled in a vibrant locale with renowned restaurants, coffee shops, and the promise of steady income, this duplex stands out. Additional perks include on-site laundry potential, off-street parking, and RM2 zoning for potential expansion AND offering a remarkable Capitalization Rate exceeding 5%. Don't miss the chance to own a piece of Portland's history with this lucrative investment. Contact us today to explore the endless possibilities of this timeless property!
Features of 5108 Ne Glisan St
| MLS® # | 23300112 |
|---|---|
| Price | $639,000 |
| Units | 2 |
| Year Built | 1884 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 5108 Ne Glisan St |
|---|---|
| Area | 142 - Portland Northeast |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97213 |
Interior
| Heating | Forced Air |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full Basement |
Exterior
| Exterior | Shingle Siding |
|---|---|
| Lot Description | Gentle Sloping |
| Foundation | Block, Concrete Perimeter |
School Information
| Elementary | Laurelhurst |
|---|---|
| Middle | Laurelhurst |
| High | Grant |
Additional Information
| Date Listed | December 7th, 2023 |
|---|---|
| Days on Market | 147 |
| Zoning | RM2 |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 5.63 |
Unit 1 Details
| Beds | 2 |
|---|---|
| Baths | 2 |
| Rent | $2,400 |
| Features | Range, WoodFloors |
Unit 2 Details
| Baths | 1 |
|---|---|
| Rent | $1,400 |
Listing Details
| Office | Windermere Realty Trust |
|---|---|
| Contact Info | 503-860-2805 |