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Marshall Rosario

Prime Real Estate Group

marshall@primenwhomes.com +1(971) 645-6977

Listed by Paris Group Realty LLC • 503-998-4878

$ 700,000

Est. payment -/mo

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Active

5814 N MISSISSIPPI AVE Portland, OR 97217

2 Beds

1 Bath

778 SqFt

UPDATED:

Key Details

Property Type Townhouse

Sub Type Attached

Listing Status Active

Purchase Type For Sale

Square Footage 778 sqft

Price per Sqft $899

MLS Listing ID 633311451

Style Bungalow

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1905

Annual Tax Amount $3,283

Property Sub-Type Attached

Property Description

Start your investment portfolio in one of the beloved neighborhoods with income already working for you on day one! This 1905 bungalow triplex in the heart of the Mississippi Ave. corridor is a compelling rental or owner-occupied home. Rented ground floor Unit 1 is 1 bed/1 bath and upper Unit 2 is 2 bed/1 bath provide immediate, stable income from day one, grossing a combined $2587/mo. Move right into vacant ground floor Unit 3 with its 2 beds, 1 bath, and an eat-in kitchen.The lower two units share access to a spacious blank slate backyard. Unit 2 has its own covered balcony providing outdoor space. The basement offers shared laundry and ample storage. There's room to bring your own style and elevate the interiors over time, creating additional upside in both rents and value. It's a smart way to get into the market in a location that's coveted by owners and renters alike.Set on a quieter stretch of N Mississippi, this is exactly the kind of place renters are drawn to. Mornings start with a visit to the local café. Evenings end with dinner or drinks and a show at Mississippi Studios. Weekends are spent wandering the local shops along one of Portland's most iconic streets: Sunlan Lighting, anyone? Nearby Peninsula Park offers rose gardens, open green space, and a true neighborhood gathering place for picnics in the sun.Originally built as a single-family home, the property has been updated to accommodate three units while maintaining its “Old Portland” vibes. Improvements include a newer roof, new siding and exterior paint, updated exterior lighting, Trex deck, vinyl windows, and two water heaters. All three units are accessed from a welcoming front porch, reinforcing that classic bungalow feel that resonates with renters and owners alike.This is more than just a house. It's a flexible, income-producing property rooted in one of Portland's most vibrant neighborhoods, where lifestyle and investment combine seamlessly.

Location

State OR

County Multnomah

Area _141

Zoning R1

Rooms

Basement Unfinished

Interior

Heating Wall Furnace

Appliance Free Standing Range, Free Standing Refrigerator

Exterior

Exterior Feature Deck

Roof Type Composition

Garage No

Building

Story 1

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Beach

Middle Schools Ockley Green

High Schools Roosevelt

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Regional Multiple Listing Service (RMLS)

Marshall Rosario

5814 N MISSISSIPPI AVE Portland, OR 97217

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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5814 N MISSISSIPPI AVE