135 NE 55TH AVE
Portland, OR, 97213 $ 750,000
Bedrooms5 Baths3.0 Sq 2,700 Monthly Estimate*
$ 4,618
for $750,000 with 5 bedrooms and 3 full baths. This 2,700 square foot home was built in 1950 on a lot size of 0.13.
OPEN HOUSE Sat 2/28 @ 11am - 1pm! Excellent investment opportunity in a prime NE Portland location! This well-maintained duplex offers solid tenant history & strong income potential with two separate units, each featuring its own private entrance and functional layout. NEW ROOF 2022; VINYL WINDOWS 2021; FRESH PAINT 2026 (2021 for #135). Ideal for investors or owner-occupants seeking rental income, this property provides flexibility and long-term value. Situated on a corner lot, just minutes from local shops, restaurants, Providence Hospital, parks & public transportation, tenants enjoy both convenience and neighborhood charm. Unit 133 features 2 bedrooms, 1 bathroom, refinished hardwood floors throughout, stacked W/D, dishwasher, gas range, refrigerator & fenced yards with a great covered patio. Unit 135 features 3 bedrooms, 2 bathrooms (one on each level), vaulted beam ceilings, wood burning fireplace, private driveway, 1 car garage & finished basement. Each unit offers comfortable living spaces with abundant natural light and practical floor plans designed for everyday living. With consistent rental demand in this desirable NE Portland area, this duplex presents an excellent opportunity to add a stable asset to your portfolio or live in one unit while renting the other. Close proximity to downtown Portland, Providence Hospital, major commuter routes and popular neighborhood amenities makes this property especially attractive. Don’t miss this rare chance to own a versatile, income-producing property! HES= 6 (unit 133); HES = 1 (unit 135)
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FeaturesGeneralSewer PublicSewer
Heating ForcedAir
Cooling None
Roof Composition
Zoning R-2.5
Garage Spaces 1.0
Security Features None
Year Built 1950
Stories Count 1
Tax Year 2025
Parcel Number R130725
Gross Income 43435.0
County Multnomah
Net Operating Income 0
Operating Expense 0
Property Type MultiFamily
HOA N
Rent Includes MaintenanceGrounds None
Status Active
Directions Burnside to NE 55th
High School Franklin
City Portland
Disclosures Disclosure
Number Of Units Total 2
MLS Area _142
Lot Size Square Feet 5662.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Glencoe
Tax Annual Amount 7222.56
Middle/Junior High School Mt Tabor
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description CENTER ADD BLOCK 13 LOT 1 E 10' OF LOT 2
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InteriorBasement CrawlSpace FullBasement
Storage Basement Garage
Hot Water Gas
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 2
Unit 2 Beds Total 3
Unit Type UnitTypeType1 UnitTypeType2
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ExteriorParking Features Driveway OnStreet
Lot Features CornerLot Level
Water Source PublicWater
Total Parking 1.0
Exterior Description WoodSiding
Foundation Details ConcretePerimeter Slab
Building Area Total 2700.0
Lot Size Acres 0.13
Road Surface Type Paved
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* Excluded FeaturesList ByPremiere Property Group, LlcBroker
Jen@WeGotTheKeys.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,618
- Monthly Property Taxes
- $602
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyMulti-family listings in Portland, OR
Average List Price $1,551,024
Percent of Sale Price 107%
About Portland, OR 646,380 Population
22% Since 2002
$ 62,517 Median Income
39 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
1951009 Elementary School
1948940 Middle School
Franklin High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/27/2026 | $750,000 | | Listed Price |