7661 N Vancouver AVE Portland, OR $ 465,000
7661 N Vancouver AVE
$ 465,000
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7661 N Vancouver AVE

Portland, OR, 97217
$ 465,000
Bedrooms4 Baths2.0 Sq 1,680

Monthly Estimate*

$ 2,863

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Multi-Family Home for sale in Portland, OR

for $465,000 with 4 bedrooms and 2 full baths. This 1,680 square foot home was built in 1971 on a lot size of 0.12.

Welcome to this well maintained single-level duplex nestled in North Portland's desirable North Piedmont neighborhood. Each of the two units offers a comfortable 2-bedroom, 1-bathroom layout thoughtfully updated for modern living. Both units have been tastefully upgraded with vinyl windows, luxury vinyl flooring, and remodeled kitchens and bathrooms ,delivering a move-in ready experience for tenants. Fresh exterior paint rounds out a property that has been carefully cared for throughout. Currently self-managed with month-to-month tenancies, this investment presents a compelling value-add opportunity with rents priced below market, offering immediate upside potential for the savvy investor. Each unit includes in-unit laundry hookups and dedicated off-street parking, with space for up to four vehicles. Ideally situated near parks, shopping, public transportation, and with easy freeway access, this property combines convenience with lasting appeal. Both units are currently occupied, please respect tenants and do not disturb. Don’t miss out on this great opportunity!

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Multi-Family Active

Price

$ 465,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,843

Style

Lot Size

0.12

Year Built

1971

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

484529939

Features
General
Sewer PublicSewer
Heating Baseboard
Roof Composition
Zoning RM1
Security Features SecurityLights
Year Built 1971
Stories Count 1
Tax Year 2025
Parcel Number R209445
Gross Income 30000.0
County Multnomah
Net Operating Income 21261.0
Operating Expense 8739.0
Property Type MultiFamily
HOA N
Subdivision Name PEIDMONT
Rent Includes Sewer TrashCollection Water
Status Active
Directions Lombard St N on Vancouver Ave
High School Jefferson
City Portland
Disclosures Disclosure
Number Of Units Total 2
MLS Area _141
Lot Size Square Feet 5227.0
Listing Terms Cash Conventional
Elementary School Woodlawn
Tax Annual Amount 4843.34
Middle/Junior High School Ockley Green
Property Condition UpdatedRemodeled
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description LOVEWOOD BLOCK 1 E 100' OF LOT 2
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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 2
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Driveway OffStreet
Lot Features Level Sloped
Water Source PublicWater
Total Parking 4.0
Exterior Description Brick Cedar LapSiding
Foundation Details ConcretePerimeter
Building Area Total 1680.0
Lot Size Acres 0.12
Road Surface Type Paved
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Internal Only
Street Number 1 7661
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* Excluded Features
List By
Northwest Realty Source

Broker

info@nwrealtysource.com

Contact

Affordability Calculator

$3,267
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,863
Monthly Property Taxes
$404
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.
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Nearby
1951167 Elementary School
1950460 Middle School
Jefferson High School High School
Pricing History
DatePricePrice ChangeDescription
5/28/2026$465,000 Listed Price

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7661 N Vancouver AVE, Portland, OR, 97217 is a Multi-Family Home for sale at $465,000 with 1,680 sqft and a lot size of 0.12. 7661 N Vancouver AVE has 4 bedrooms, 2.0 baths, and was built in 1971. The property's zip code is 97217 which is in Portland, OR