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$585,000

  • For Sale
  • Active
  • Multi-Family
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2 homes on 1 lot! Both are occupied by tenants and will be sold with tenants in place. Contact agent for financials. 5500 sq ft lot. Zoning is CM2 Commercial Mixed Use per City ofPortland, buyer to verify uses. 5505 N Minnesota is 2160 sq ft, 3 bedrooms, one bathroom. 1223 N Killingsworth is 520sq ft, one bedroom, one bathroom.

Full Property Details for 5505 N Minnesota Ave

General

  • Price: $585,000
  • Taxes: $5,576
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 621484935
  • Updated: 12/1/2025
  • Added to Site: 240 day(s) ago

Rental Information

  • Rent Includes: Maintenance Grounds, Trash Collection

Parking

  • Parking Features: Driveway

Location

  • County: Multnomah
  • Subdivision: North Albina
  • Driving Directions: Minnesota and Killingworth

School Information

  • Elementary School: Beach
  • Middle School: Ockley Green
  • High School: Jefferson

Community

  • Community Name: 141 - Portland North

Heating & Cooling

  • Heating Type: Forced Air, Radiant
  • Heating Fuel: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Basement Desc.: Unfinished
  • Roof: Composition
  • Square Feet: 2,680
  • Year Built: 1922
  • Property Condition: Existing

Lot Features

  • Lot Size: 5, 000 to 6, 999 SqFt
  • Frontage: Paved
  • Lot Features: Corner Lot, Level

Financial Considerations

  • Operating Expenses: $10,358
  • Tax Amount: $5,576.64
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: NORTH ALBINA, BLOCK 3, LOT 5, S 5' OF LOT 6
  • Property ID: R226124

Listed by Axness & Kofman Real Estate (503) 314-9567, David Axness (503) 314-9567

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Listing agent

— 5505 N Minnesota Ave —

  • David Axness

    Axness & Kofman Real Estate

    503-314-9567

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 5505 N Minnesota Ave

School District:Portland School District 1j
NameGradesDistance
Beach Elementary School, Portland, OR
1710 North Humboldt Street, Portland, OR 97217
K-50.5 mi
Ockley Green
6031 North Montana Avenue, Portland, OR 97217
6-80.3 mi
Jefferson High School, Portland, OR
5210 North Kerby Avenue, Portland, OR 97217
9-120.4 mi
Roosevelt High School, Portland, OR
6941 North Central Street, Portland, OR 97203
9-123.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5505 N Minnesota Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/01/2025
Price Reduced
$585,000
-3.31%
MLS
10/16/2025
Price Reduced
$605,000
-3.2%
MLS
7/18/2025
Price Reduced
$625,000
-3.85%
MLS
5/23/2025
Listed
$650,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5505 N Minnesota Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,785
4%
$214,680
3%
2024
$5,577
4%
$208,430
3%
2023
$5,362
4%
$202,360
6%
2021
$5,157
-2%
$190,750
-3%
2022
$5,246
2%
$196,470
6%
2021
$5,157
13%
$185,200
3%
2019
$4,557
3%
$179,810
3%
2018
$4,424
4%
$174,580
3%
2017
$4,240
9%
$169,500
3%
2016
$3,880
3%
$164,570
3%
2015
$3,778
2%
$159,780
3%
2014
$3,721
2%
$155,130
3%
2013
$3,635
—
$150,620
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Axness & Kofman Real Estate (503) 314-9567, David Axness (503) 314-9567

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5505 N Minnesota Ave, Portland, OR 97217 (MLS# 621484935) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 5505 N Minnesota Ave is currently listed for $585,000 and was received on May 23, 2025. Want to learn more about 5505 N Minnesota Ave? Do you have questions about finding other Multi-Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

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