7521 N Gloucester Ave, Portland, Oregon 97203

OR, Portland
$775,000
  • 0.10 Acre
  • MultiFamily Property Type
  • 1909 Year Built
  • Active Status
Steven M
Steven M Realtyna
  • (302) 525 8222
  • (302) 525 8222
  • Support@Realtyna.com
  • 200 Continental Drive, Suite 401, Newark, DE 19713 USA
  • (302) 525 8222
Property Description

Rare Cm2-zoned Commercial Mixed-use Property In The Heart Of North Portland, Well-suited For Office, Wellness, Or Service Uses Such As Massage Therapy, Chiropractic, Medical, Design Studios, Or Professional Services. Two Of Three Units Are Currently Leased, Offering Immediate Income With The Opportunity For Owner-occupancy Or Office Use While Tenants Help Pay The Mortgage. Located In Prosper Portland Interstate Ura.this Former Farmhouse Has Been Thoughtfully Converted Into A Three-unit Building That Blends Vintage Charm With Functional Updates. Cm2 Zoning Allows For Flexible Commercial Use Today And Long-term Potential For Higher-density Redevelopment. All Units Have Been Updated And Include Basement Storage Access, Coin-operated Laundry For Additional Income, Shared Backyard And Deck, And Inviting Front Porches. The Lot Abuts A Parking Lot, With Approximately 6’ X 50’ Belonging To The Property, Offering Potential On-site Parking (driveway Easement Agreement Needed).• Unit 1: 1-bedroom With Original Hardwood Floors, Working Wood-burning Fireplace, And 2015 Kitchen And Bath Updates.• Unit 2: 2-bedroom With Hardwood Floors, Large Kitchen, Built-ins, And Remodeled Kitchen And Bath Featuring Penny Tile, Clawfoot Tub, And Original Hardware.• Unit 3: Upper-level 2-bedroom With New Carpeting, Newly Added A/c And Furnace, Refreshed Kitchen With Marmoleum Flooring, And A Large Bonus Room Ideal For Office Expansion Or Treatment Space.located Less Than A Mile From University Of Portland And New Seasons, And Between The Kenton And St. Johns Commercial Districts. Excellent Transit Access Via The 75 And 35 Bus Lines, With Shops And Services Along Lombard Avenue.zoned Cm2 (commercial Mixed Use 2) — A Rare Opportunity For Investors Or Owner-users Seeking Income, Flexibility, And Long-term Upside In A Walkable North Portland Location.

Basic Details
  • Property Type: MultiFamily
  • Listing Type: For Sale
  • Listing ID: 232296525
  • Price: $775,000
  • Year Built: 1909
  • Lot Area: 0.10 Acre
  • Status: Active
  • Office Name: Living Room Realty
  • Agent Name: Jessica Burke
  • Roof: Shingle
Features
  • Heating System Forced Air
  • Cooling System Central Air
  • Basement Unfinished,Storage Space,Partial Basement
  • Parking On Street
  • Sewer Public Sewer
Address Map
  • Country US
  • State OR
  • County Multnomah
  • City Portland
  • Zipcode 97203
  • Street: GLOUCESTER
  • Street Number: 7521
  • Street Suffix: AVE
  • Longitude: W123° 16' 36.2''
  • Latitude: N45° 34' 57.7''
  • Street Dir Prefix: N
  • Zoning: CM2
  • Mls Area Major: _141
Neighborhood
  • Elementary School: Astor
  • High School: Roosevelt
  • Middle School: Astor
Additional Information
  • Stories: 2
  • Water Source: Public Water
  • Building Size: 3892
  • Community Features: Laundry
  • Foundation Details: Concrete Perimeter
  • Lot Size Dimensions: 50' x 85'
  • Number Of Units Total: 3
  • On Market Date: 2025-08-18
  • Previous Price: 785000
  • Rent Includes: Maintenance Grounds
Financial
  • Tax Annual Amount: 6651.66
Listing Information
  • Status Change Timestamp: 2026-01-02T20:49:50Z
  • List Agent Mls Id: BURKEJES
  • List Office Mls Id: ROOM01
  • Listing Term: Cash, Conventional, FHA, VALoan
  • Mls Status: Active
  • Modification Timestamp: 2026-02-10T22:18:27Z
  • Originating System Name: RMLS
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