7015 NE GLISAN ST, Portland, OR 97213
- $610,000
- 3,416
- SqFt
- List Price
- $610,000
- Days on Market
- 39
- MLS#
- 478813794
- Property Type
- Multifamily
- Sqft. of Residence
- 3,416
- Lot Size
- 10, 000 to 14, 999 SqFt
- Region
- Portland Northeast
- Status
- PENDING
Property Description
7015–7017 NE Glisan Street, the “70th Glisan Plex,” is a pair of garden-style duplexes offering four 2-bedroom units on a 0.23-acre CM-2-zoned corner lot in Southeast Portland. Each unit is approximately 854 square feet with in-unit laundry and full appliance packages, and the property is currently 100% occupied with long-term tenants, supporting a stabilized income stream and a concluded “as-is” leased-fee value of $610,000.Recent operating statements show consistent collections and strong net operating income from scheduled rents around $4,995 per month in 2026, with historical performance in 2024–2025 in a similar band despite one-time repairs and capital items. The buildings are considered Class C in average overall condition, with six paved off-street parking spaces and typical utilities, in a walkable location near transit, retail, and employment centers within the Southeast Portland multifamily submarket. Investors benefit from legally conforming CM-2 commercial/mixed-use zoning that allows a range of future uses—including additional multifamily or mixed-use redevelopment—while the current four-unit configuration continues to cash flow in a low-vacancy, rent-growth market.
Additional Information
- Tax Amount
- $5,591
- Year Built
- 1953
- High School
- Leodis McDaniel
- Elementary School
- Vestal
- Middle School
- Harrison Park
- Acres
- 0.23
- Living Area
- 3,416
- Stories
- 1
- Subdivision
- MONTAVILLA
- Terms
- Cash, Conventional, FHA
- Cooling Description
- Window Unit(s)
- Fuel Description
- Electricity
- Heating Description
- Forced Air
- Hoa Rent Includes
- Sewer, Trash Collection, Water
- Hot Water Description
- Electricity
- Exterior Description
- Wood Siding
- Roof Type
- Composition, Shingle
- Sewer Description
- Public Sewer
- View
- Territorial
- Parking
- Open, Paved
- Security Or Entry
- None
- Parking Description
- Open, Paved
- Road Surface
- Paved
- Number Of Units Total
- 4
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1249
- Unit Type One Sq Ft
- 854
- Unit Type One Units Total
- 4
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Listing courtesy of ELEETE Real Estate.
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