Listing provided courtesy of Living Room RealtyMLS# 653794194MLS Provider
  • 45 days on site
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Rare CM2 mixed-use triplex in North Portland ' all three units leased and cash-flowing from day one. This converted farmhouse offers a turnkey investment with genuine commercial flexibility in a zoning classification that's increasingly scarce.Unit 1: 1BR | hardwood floors, wood-burning fireplace, updated kitchen and bathUnit 2: 2BR | hardwood floors, built-ins, remodeled kitchen and bath with penny tile, clawfoot tub, and original hardwareUnit 3: 2BR + bonus room | new carpet, new HVAC, refreshed kitchen ' ideal for residential, office, or commercial use at lease endEvery unit has basement storage. Shared backyard, deck, front porches, and coin-op laundry. Approximately 50 feet adjoining a parking lot with driveway easement potential. CM2 zoning supports wellness, medical, professional office, retail, and more ' with long-term redevelopment upside within the Prosper Portland Interstate Urban Renewal Area. Under one mile to University of Portland and New Seasons. Transit lines 75 and 35.

Source: Regional MLS, MLS#: 653794194

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  • Property Type
    Residential Income
  • Lot
    0.10 acres

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SHAUNA STROUP

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  • Median Age
    32
  • Population Density
    3,309
  • College Educated
    52%
  • Estimated Median Income
    $67,229
  • Estimated Total Home Owners
    7,360
  • Estimated Total Renters
    5,445
  • Owner / Renter Divide
    57% / 43%
  • Estimated Average Household Size
    3
  • Total Population
    34,759
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 7521 N GLOUCESTER AVE N


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/1/2026Source: Regional MLS Price Reduction
$699,999 -3.4%
5/15/2026Source: Regional MLS Added to Database
May 15, 2026