5816 S CORBETT AVE Portland, OR $ 898,000
5816 S CORBETT AVE
$ 898,000
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5816 S CORBETT AVE

Portland, OR, 97239
$ 898,000
Bedrooms3 Baths4.0

Monthly Estimate*

$ 5,602

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Multi-Family Home for sale in Portland, OR

for $898,000 with 3 bedrooms and 4 full baths. This home was built in 1905.

Significant price reduction on this updated Johns Landing home with a detatched permitted ADU. The home has been stunningly updated throughout including hardwood floors, floor to ceiling gas fireplace, tile, gourmet kitchen, spa like primary suite, HVAC, tankless water heater,central vac, 9 Energy Score & much more! The main floor has hardwood floors, living room with floor to ceiling gas fireplace, adjacent dining & kitchen complete with granite, tile, peninsula, and stainless appliances. The upper level boosts a primary suite with hard wood floors, sitting area, walk-in closet, tile, granite bath suite with steam shower, heated floors & towel bar, private balcony. You will also find the second bedroom. Lower level is a great opportunitty for more income with large family room, full bathroom, utility room & seperate entrance. The backyard oasis was professionally landscaped with palms, bamboo, stone pavers, stamped concrete, fire pit, planters, water feature, and lighting. The ADU was permitted & built in 2017 and has tremendous long term Airbnb history with over 130 reviews earning north of $24,000 annualy renting part time! All ADU items and furniture included in the purchase. Extra deep double garage with AV outlet can accommodate a boat as well as vehicle parking. The entire property is professionally landscaped with lighting and is fenced and gated. This oasis in the city would cost you thousands more to recreate! Located in Johns Landing thus walkable to shopping, restaurants, and recreational opportunities at nearby Willamette Park. This property is 10 minutes from the city center, with great proximity to transportation including streetcar, tram, Max, bus and freeway access. Near OHSU, Doernbecher, and VA with their 100’s of employees many wanting to rent nearby. Finished lower level with full bath has seperate entrance offering more income potentional.Seller will buy down interest rate. Dont wait for a lower rate. Schedule a tour today.

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Multi-Family Active

Price

$ 898,000

Bedrooms

3

Full Bath

4

Property Type

Multi-Family

Taxes

$ 8,880

Style

Year Built

1905

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

599957788

Features
General
Sewer PublicSewer
Heating ForcedAir ForcedAir90 MiniSplit
Cooling CentralAir MiniSplit
Roof Composition
Zoning R5
Year Built 1905
Stories Count 2
Parcel Number R173331
Gross Income 24500.0
County Multnomah
Net Operating Income 24500.0
Operating Expense 0
Property Type MultiFamily
HOA N
Subdivision Name JOHNS LANDING
Rent Includes CableTV Electricity Heat Sewer TrashCollection Water
Status Active
Directions Macadam Ave West on Pendleton North on Corbett
High School Ida B Wells
City Portland
Number Of Units Total 2
MLS Area _148
Listing Terms Cash Conventional
Elementary School Capitol Hill
Tax Annual Amount 8880.11
Middle/Junior High School Jackson
Property Condition UpdatedRemodeled
Virtual Tour https://www.ppgtours.com/ml/150275
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description GREENS ADD BLOCK 7 LOT 11
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Interior
Basement ExteriorEntry Finished
Storage Basement Garage
Hot Water Recirculating
Unit 1 Baths Total 3
Unit 1 Beds Total 3
Unit 2 Baths Total 1
Unit 2 Beds Total 0
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Driveway Garage
Lot Features Level
Water Source PublicWater
Total Parking 4.0
Exterior Description WoodSiding
Foundation Details ConcretePerimeter PillarPostPier
Road Surface Type Paved
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Internal Only
Street Number 1 5816
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* Excluded Features
List By
Premiere Property Group, Llc

Broker

Larry@BurkettRE.com

Email

Affordability Calculator

$6,342
Per Month
88%
12%
0%
Monthly Principal & Interest
$5,602
Monthly Property Taxes
$740
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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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
3254078 Elementary School
3254087 Middle School
Ida B Wells High School High School
Pricing History
DatePricePrice ChangeDescription
10/3/2025$898,000 -2.92% Price Down
9/12/2025$925,000 -2.43% Price Down
6/20/2025$948,000 -4.15% Price Down
4/10/2025$989,000 Listed Price

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5816 S CORBETT AVE, Portland, OR, 97239 is a Multi-Family Home for sale at $898,000. 5816 S CORBETT AVE has 3 bedrooms, 4.0 baths, and was built in 1905. The property's zip code is 97239 which is in Portland, OR