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5505 N MINNESOTA AVE Portland, OR $ 585,000
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5505 N MINNESOTA AVE
$ 585,000
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5505 N MINNESOTA AVE

Portland, OR, 97217
$ 585,000
Bedrooms4 Baths2.0 Sq 2,680

Monthly Estimate*

$ 3,650

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Multi-Family Home for sale in Portland, OR

for $585,000 with 4 bedrooms and 2 full baths. This 2,680 square foot home was built in 1922.

2 homes on 1 lot! Both are occupied by tenants and will be sold with tenants in place. Contact agent for financials. 5500 sq ft lot. Zoning is CM2 Commercial Mixed Use per City ofPortland, buyer to verify uses. 5505 N Minnesota is 2160 sq ft, 3 bedrooms, one bathroom. 1223 N Killingsworth is 520sq ft, one bedroom, one bathroom.

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Multi-Family Active

Price

$ 585,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 5,576

Style

Year Built

1922

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

621484935
Features
General
Sewer PublicSewer
Heating ForcedAir Radiant
Roof Composition
Zoning CM2
Year Built 1922
Parcel Number R226124
Gross Income 41164.0
County Multnomah
Net Operating Income 30806.0
Operating Expense 10358.0
Property Type MultiFamily
HOA N
Subdivision Name North Albina
Rent Includes MaintenanceGrounds TrashCollection
Status Active
Directions Minnesota and Killingworth
High School Jefferson
City Portland
Number Of Units Total 2
MLS Area _141
Listing Terms Cash Conventional
Elementary School Beach
Tax Annual Amount 5576.64
Middle/Junior High School Ockley Green
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description NORTH ALBINA BLOCK 3 LOT 5 S 5' OF LOT 6
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Interior
Basement Unfinished
Storage Basement
Unit 1 Baths Total 1
Unit 1 Beds Total 3
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Driveway
Lot Features CornerLot Level
Water Source PublicWater
Exterior Description LapSiding
Foundation Details ConcretePerimeter
Building Area Total 2680.0
Road Surface Type Paved
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Internal Only
Street Number 1 5505
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* Excluded Features
List By
Axness & Kofman Real Estate

Broker

dave@axnessandkofman.com

Email

Affordability Calculator

$4,114
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,650
Monthly Property Taxes
$465
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
1950960 Elementary School
1950460 Middle School
Jefferson High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/1/2025$585,000 -3.31% Price Down
10/16/2025$605,000 -3.20% Price Down
7/18/2025$625,000 -3.85% Price Down
5/24/2025$650,000 Listed Price

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5505 N MINNESOTA AVE, Portland, OR, 97217 is a Multi-Family Home for sale at $585,000 with 2,680 sqft. 5505 N MINNESOTA AVE has 4 bedrooms, 2.0 baths, and was built in 1922. The property's zip code is 97217 which is in Portland, OR

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