5531 S KELLY AVE Portland, OR $ 599,000
5531 S KELLY AVE
$ 599,000
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5531 S KELLY AVE

Portland, OR, 97239
$ 599,000
Bedrooms3 Baths2.0 Sq 2,448

Monthly Estimate*

$ 3,737

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Single Family Home for sale in Portland, OR

for $599,000 with 3 bedrooms and 2 full baths. This 2,448 square foot home was built in 1908.

Fantastic opportunity to own a well-maintained, updated duplex just off Macadam Avenue—minutes from downtown Portland, OHSU, and the South Waterfront. Both units are occupied by reliable long-term tenants who value the quiet neighborhood and convenient location, offering immediate, stable income for the next owner.Each unit features its own private yard, updated finishes, and great natural light. The property has been thoughtfully cared for, minimizing maintenance needs and ensuring long-term tenant satisfaction.Centrally located near shopping, coffee shops, parks, and public transportation, this duplex attracts consistent rental demand and strong appreciation potential. A turn-key investment in one of Portland’s most desirable and accessible areas.

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Single Family Active

Price

$ 599,000

Bedrooms

3

Full Bath

2

Property Type

Single Family

Taxes

$ 7,657

Style

Stories2

Year Built

1908

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

206187073

Features
Interior
Interior Amenities HardwoodFloors SeparateLivingQuartersApartmentAuxLivingUnit WasherDryer
Hot Water Electricity Gas
Total Bathrooms 2.0
Total Bedrooms 3
Total Baths 2
1/2 Baths 0
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General
Sewer PublicSewer
Heating WallHeater
Cooling WallUnit
Roof Composition
Appliances Dishwasher Disposal FreeStandingRefrigerator
Zoning R2
Garage Spaces 0
Architectural Style Stories2
Year Built 1908
Stories Count 2
Property Subtype SingleFamilyResidence
Tax Year 2024
Parcel Number R281953
County Multnomah
Property Type Residential
HOA N
Subdivision Name Sweeneys Addition
Full Baths 2
Status Active
Directions Macadam Ave to West on Sweeney to Left on Kelly Ave to Duplex (On Right)
High School Ida B Wells
City Portland
Disclosures Disclosure
MLS Area _148
Listing Terms Cash Conventional FHA VALoan
Elementary School Capitol Hill
Tax Annual Amount 7657.71
Middle/Junior High School Jackson
Property Condition Resale
Virtual Tour https://view.spiro.media/55315533_s_kelly_ave-4604?branding=false
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description SWEENEYS ADD BLOCK 7 LOT 4
ADU False
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Exterior
Exterior Amenities Fenced Yard
Parking Features Driveway OnStreet
Lot Features Level Private
Water Source PublicWater
Total Parking 0
Exterior Description WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 2448.0
Road Surface Type Paved
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Internal Only
Street Number 1 5531
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* Excluded Features
List By
Willcuts Company Real Estate

Broker

503-538-8311

Contact

Affordability Calculator

$4,375
Per Month
85%
15%
0%
Monthly Principal & Interest
$3,737
Monthly Property Taxes
$638
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
3254078 Elementary School
3254087 Middle School
Ida B Wells High School High School
Pricing History
DatePricePrice ChangeDescription
11/17/2025$599,000 -6.25% Price Down
10/28/2025$638,900 Listed Price

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5531 S KELLY AVE, Portland, OR, 97239 is a Single Family Home for sale at $599,000 with 2,448 sqft. 5531 S KELLY AVE has 3 bedrooms, 2.0 baths, and was built in 1908. The property's zip code is 97239 which is in Portland, OR