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$725,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 5 days ago
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Rare CM2 mixed-use triplex in North Portland - all three units leased and cash-flowing from day one. This converted farmhouse offers a turnkey investment with genuine commercial flexibility in a zoning classification that's increasingly scarce.Unit 1: 1BR | hardwood floors, wood-burning fireplace, updated kitchen and bathUnit 2: 2BR | hardwood floors, built-ins, remodeled kitchen and bath with penny tile, clawfoot tub, and original hardwareUnit 3: 2BR + bonus room | new carpet, new HVAC, refreshed kitchen - ideal for residential, office, or commercial use at lease endEvery unit has basement storage. Shared backyard, deck, front porches, and coin-op laundry. Approximately 50 feet adjoining a parking lot with driveway easement potential. CM2 zoning supports wellness, medical, professional office, retail, and more - with long-term redevelopment upside within the Prosper Portland Interstate Urban Renewal Area. Under one mile to University of Portland and New Seasons. Transit lines 75 and 35.

Full Property Details for 7521 N Gloucester Ave N

General

  • Price: $725,000
  • Taxes: $6,899 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 653794194
  • Updated: 5/15/2026
  • Added to Site: 5 day(s) ago

Rental Information

  • Rent Includes: Maintenance Grounds

Additional Information

  • Security/Safety: Security System, Security System Owned

Parking

  • Parking Features: On Street

Location

  • County: Multnomah
  • Subdivision: PORTSMOUTH/UNIVERSITY PARK
  • Driving Directions: West Lombard St. North on Gloucester, before Portsmouth.

School Information

  • Elementary School: Astor
  • Middle School: Astor
  • High School: Roosevelt

Community

  • Community Name: 141 - Portland North

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Window Unit(s)
  • Heating Type: Forced Air
  • Heating Fuel: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Basement Desc.: Daylight, Exterior Entry, Storage Space
  • Roof: Shingle
  • Stories/Levels: 2
  • Square Feet: 3,892
  • Year Built: 1909
  • Property Condition: Updated/Remodeled

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 4,356
  • Lot Size: 3, 000 to 4, 999 SqFt
  • Lot Dimensions: 50' x 85'
  • Frontage: Paved
  • Lot Features: On Busline, Trees

Green Features

  • Green Certified: Yes

Financial Considerations

  • Operating Expenses: $7,902
  • Tax Amount: $6,899.49
  • Tax Year: 2025
  • Terms: Cash, Contract, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: PORTSMOUTH VILLA EXTD, BLOCK F, N 2' OF ELY 25' OF LOT 2 & ELY 85
  • Disclosures/Reports: Disclosure
  • Property ID: R248754

Listed by Living Room Realty (503) 719-5588, Jessica Burke (971) 404-9673

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Listing agent

— 7521 N Gloucester Ave N —

  • Jessica Burke

    Living Room Realty

    503-719-5588

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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

Get Pre-Approved

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Request a Quote

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

Schools serving 7521 N Gloucester Ave N

School District:Portland School District 1j
NameGradesDistance
Astor Elementary School, Portland, OR
5601 North Yale Street, Portland, OR 97203
K-80.4 mi
Roosevelt High School, Portland, OR
6941 North Central Street, Portland, OR 97203
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7521 N Gloucester Ave N Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/15/2026
Listed
$725,000
123.08%
MLS
7/15/2005
Sold
$325,000
—
Public Record
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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 7521 N Gloucester Ave N

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,899
4%
$256,060
3%
2024
$6,652
4%
$248,610
3%
2023
$6,396
4%
$241,370
6%
2021
$6,152
-2%
$227,520
-3%
2022
$6,257
2%
$234,340
6%
2021
$6,152
13%
$220,900
3%
2019
$5,436
3%
$214,470
3%
2018
$5,276
4%
$208,230
3%
2017
$5,057
9%
$202,170
3%
2016
$4,628
3%
$196,290
3%
2015
$4,507
2%
$190,580
3%
2014
$4,439
2%
$185,030
3%
2013
$4,336
—
$179,650
—
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 Living Room Realty (503) 719-5588, Jessica Burke (971) 404-9673

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7521 N Gloucester Ave N, Portland, OR 97203 (MLS# 653794194) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 7521 N Gloucester Ave N is currently listed for $725,000 and was received on May 15, 2026. Want to learn more about 7521 N Gloucester Ave N? Do you have questions about finding other Multi-Family real estate for sale in Portland International Airport? You can browse all Portland International Airport real estate or contact a Coldwell Banker agent to request more information.

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