5215 N WILLIS BLVD Portland, OR $ 514,995
5215 N WILLIS BLVD
$ 514,995
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5215 N WILLIS BLVD

Portland, OR, 97203
$ 514,995
Bedrooms3 Baths2.0 Sq 1,519

Monthly Estimate*

$ 3,213

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Multi-Family Home for sale in Portland, OR

for $514,995 with 3 bedrooms and 2 full baths. This 1,519 square foot home was built in 1956 on a lot size of 0.13.

With a brand new 30 year roof, Discover a fantastic investment opportunity with this charming duplex located in the vibrant NoPo/St. Johns area of Portland, Oregon! Perfectly situated close to schools and just minutes from the bustling center of St. Johns, this property offers both convenience and potential.Set on a desirable corner lot, the duplex features off-street parking for both units, ensuring easy access for tenants and guests alike. With a solid rental history and managed by RMS Property Management, this property has proven to be a reliable income generator, boasting a net cap rate of 5.3%.Each unit is designed for comfort and functionality, making it appealing to a wide range of renters. The proximity to local amenities, parks, and public transportation enhances its desirability, ensuring consistent demand.Whether you're an experienced investor or looking to enter the rental market, this duplex presents a unique opportunity to own a well-maintained property in a thriving neighborhood. Don’t miss your chance to capitalize on this income-producing gem in Portland’s NoPo/St. Johns area!

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Multi-Family Active

Price

$ 514,995

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,166

Style

Lot Size

0.13

Year Built

1956

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

325493717

Features
General
Sewer PublicSewer
Heating ForcedAir
Roof Composition
Zoning R5
Year Built 1956
Stories Count 1
Tax Year 2024
Parcel Number R248929
Gross Income 33240.0
County Multnomah
Net Operating Income 28078.0
Operating Expense 5162.0
Property Type MultiFamily
HOA N
Rent Includes None
Status Active
Directions Lombard to N on Hereford ave to Willis
High School Roosevelt
City Portland
Number Of Units Total 2
MLS Area _141
Lot Size Square Feet 5662.0
Listing Terms Cash Conventional
Elementary School Cesar Chavez
Tax Annual Amount 4166.64
Middle/Junior High School Cesar Chavez
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description PORTSMOUTH VILLA EXTD BLOCK O LOT 18
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Interior
Basement CrawlSpace
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features OnStreet
Lot Features CornerLot
Water Source PublicWater
Exterior Description VinylSiding WoodSiding
Building Area Total 1519.0
Lot Size Acres 0.13
Road Surface Type Paved
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Internal Only
Street Number 1 5215
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* Excluded Features
List By
Re/Max Equity Group

Broker

kevin@realtorkevin.com

Email

Affordability Calculator

$3,560
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,213
Monthly Property Taxes
$347
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949502 Elementary School
1950168 Middle School
Roosevelt High School High School
Pricing History
DatePricePrice ChangeDescription
5/19/2025$514,995 -1.90% Price Down
1/27/2025$524,995 Listed Price

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5215 N WILLIS BLVD, Portland, OR, 97203 is a Multi-Family Home for sale at $514,995 with 1,519 sqft and a lot size of 0.13. 5215 N WILLIS BLVD has 3 bedrooms, 2.0 baths, and was built in 1956. The property's zip code is 97203 which is in Portland, OR