5301 North Kerby Avenue
- Value-add opportunity
- Attractive corner lot with sizeable yard
- Tangible upside in rental income
- Well-maintained interior of units
Property Description
Value-add opportunity at 5301 N Kerby Ave in North Portland. This 2,300 SF, four-unit property combines historic character with meaningful upside through rent growth, expense optimization, and targeted capital improvements, including siding and roof updates. Built in 1912 and well-located within the Humboldt neighborhood, the asset offers a strong foundation for investors seeking a smaller-scale multifamily with proven occupancy, clear operational potential, and additional land on the lot suitable for future development.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $650,000 |
| No. of Units: | 4 |
| Year Built: | 1912 |
| Lot Size: | 0.12 Acres |
| Opportunity Zone: | No |
| Price per unit: | $162,500 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout