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$589,000 -$10,000 (-1.67%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • Updated 16 hours ago
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MOTIVATED SELLER, bring all offers! Fantastic opportunity to own a well-maintained, updated duplex just off Macadam Avenue-minutes from downtown Portland, OHSU, and the South Waterfront. Both units are occupied by reliable long-term tenants who value the quiet neighborhood and convenient location, offering immediate, stable income for the next owner.Each unit features its own private yard, updated finishes, and great natural light. The property has been thoughtfully cared for, minimizing maintenance needs and ensuring long-term tenant satisfaction.Centrally located near shopping, coffee shops, parks, and public transportation, this duplex attracts consistent rental demand and strong appreciation potential. A turn-key investment in one of Portland's most desirable and accessible areas.

Full Property Details for 5533 S Kelly Ave

General

  • Price: $589,000
  • Taxes: $7,943 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 743952848
  • Updated: 1/17/2026
  • Added to Site: 90 day(s) ago

Rental Information

  • Rent Includes: None

Parking

  • Parking Features: On Street, Paved

Location

  • County: Multnomah
  • Subdivision: Sweeneys Addition
  • Driving Directions: Macadam Ave to West on Sweeney to Left on Kelly Ave to Duplex (On Right)

School Information

  • Elementary School: Capitol Hill
  • Middle School: Jackson
  • High School: Ida B Wells

Community

  • Community Name: 148 - Portland NW/ SW/ S, Raleigh Hills

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall Unit(s)
  • Heating Type: Wall Heater
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Roof: Composition
  • Stories/Levels: 2
  • Square Feet: 2,448
  • Year Built: 1908
  • Property Condition: Existing

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Size (Sq. Ft.): 5,227
  • Lot Size: 5, 000 to 6, 999 SqFt
  • Frontage: Paved
  • Lot Features: Level

Financial Considerations

  • Operating Expenses: $3,200
  • Tax Amount: $7,943.25
  • Tax Year: 2024
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: SWEENEYS ADD, BLOCK 7, LOT 4
  • Disclosures/Reports: Disclosure
  • Property ID: R281953

Listed by Willcuts Company Real Estate (503) 538-8311, Stacey Bent (503) 319-4443

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Listing agent

— 5533 S Kelly Ave —

  • Stacey Bent

    Willcuts Company Real Estate

    503-538-8311

503-538-8311

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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!

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NMLS#: 1598647

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

Schools serving 5533 S Kelly Ave

School District:Portland School District 1j
NameGradesDistance
Capitol Hill Elementary School
8401 Southwest 17th Avenue, Portland, OR 97219
K-51.6 mi
Jackson Middle School
10625 Southwest 35th Avenue, Portland, OR 97219
6-83 mi
Ida B. Wells-Barnett High School
1151 Southwest Vermont Street, Portland, OR 97219
9-120.8 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 5533 S Kelly Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/17/2026
Price Reduced
$589,000
-1.67%
MLS
11/16/2025
Price Reduced
$599,000
-6.25%
MLS
10/20/2025
Listed
$638,900
—
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.

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Listed by Willcuts Company Real Estate (503) 538-8311, Stacey Bent (503) 319-4443

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5533 S Kelly Ave, Portland, OR 97239 (MLS# 743952848) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 5533 S Kelly Ave is currently listed for $589,000 and was received on October 20, 2025. Want to learn more about 5533 S Kelly 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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