MOTIVATED SELLER, bring all offers! 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.
Sold
Street View
$580,000
5531 S Kelly Ave, Portland, OR 97239
3beds
2,448sqft
Residential, Single Family Residence
Built in 1908
-- sqft lot
$581,300 Zestimate®
$237/sqft
$3,390 Estimated rent
Home value
$581,300
$546,000 - $616,000
$3,390/mo
Zestimate® history
Owner options
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$3,390/mo
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$3,390/mo
Rent Zestimate®
Refinance and save
$3,545/mo
Est. payment
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$3,545/mo
Est. payment
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List your homeWhat's special
Updated finishesGreat natural light
Zillow last checked:
Listing updated:
Listed by:
Stacey Bent 503-538-8311,
Willcuts Company Real Estate
Bought with:
Sarah Noelle, 201252439
eXp Realty, LLC
Source: RMLS (OR),MLS#: 206187073
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
Primary bedroom
- Features: Closet
- Level: Upper
Bedroom 2
- Features: Closet
- Level: Main
Bedroom 3
- Features: Closet
- Level: Upper
Dining room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Cooling
- Wall Unit(s)
Appliances
- Included: Dishwasher, Disposal, Free-Standing Refrigerator, Washer/Dryer, Electric Water Heater, Gas Water Heater
Features
- Closet
- Flooring: Hardwood
Interior area
- Total structure area: 2,448
- Total interior livable area: 2,448 sqft
Property
Parking
- Parking features: Driveway, On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Exterior features: Yard
- Fencing: Fenced
Lot
- Features: Level, Private, SqFt 5000 to 6999
Details
- Additional structures: SeparateLivingQuartersApartmentAuxLivingUnit
- Parcel number: R281953
- Zoning: R2
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1908
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Portland
- Subdivision: Sweeneys Addition
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2026 | Sold | $580,000+1%$237/sqft |
Source:  RMLS (OR) #206187073 Report a problem | ||
| 3/2/2026 | Pending sale | $574,500$235/sqft |
Source: RMLS (OR) #206187073 Report a problem | ||
| 2/10/2026 | Price change | $574,500-2.5%$235/sqft |
Source: RMLS (OR) #206187073 Report a problem | ||
| 1/18/2026 | Price change | $589,000-1.7%$241/sqft |
Source: RMLS (OR) #206187073 Report a problem | ||
| 11/16/2025 | Price change | $599,000-6.2%$245/sqft |
Source: RMLS (OR) #206187073 Report a problem | ||
| 10/28/2025 | Listed for sale | $638,900+3.2%$261/sqft |
Source: RMLS (OR) #206187073 Report a problem | ||
| 8/9/2024 | Listing removed | $619,000$253/sqft |
Source:  WVMLS #818438 Report a problem | ||
| 7/23/2024 | Price change | $619,000-3.1%$253/sqft |
Source: WVMLS #818438 Report a problem | ||
| 7/9/2024 | Price change | $639,000+6.5%$261/sqft |
Source: WVMLS #818438 Report a problem | ||
| 6/21/2024 | Listed for sale | $599,900+33.3%$245/sqft |
Source: WVMLS #818438 Report a problem | ||
| 2/12/2021 | Sold | $450,000-10%$184/sqft |
Source: RMLS (OR) #20066889 Report a problem | ||
| 1/28/2021 | Pending sale | $499,900$204/sqft |
Source: John L Scott Real Estate #20066889 Report a problem | ||
| 11/24/2020 | Listed for sale | $499,900$204/sqft |
Source: John L Scott Real Estate #20066889 Report a problem | ||
| 11/16/2020 | Pending sale | $499,900$204/sqft |
Source: John L Scott Real Estate #20066889 Report a problem | ||
| 10/28/2020 | Listed for sale | $499,900$204/sqft |
Source: John L Scott Real Estate #20066889 Report a problem | ||
| 10/24/2020 | Pending sale | $499,900$204/sqft |
Source: John L Scott Real Estate #20066889 Report a problem | ||
| 10/3/2020 | Listed for sale | $499,900$204/sqft |
Source: John L Scott Real Estate #20066889 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Corbett-Terwilliger-Lair Hill
Nearby schools
GreatSchools rating
- 9/10Capitol Hill Elementary SchoolGrades: K-5Distance: 1.6 mi
- 8/10Jackson Middle SchoolGrades: 6-8Distance: 2.9 mi
- 8/10Ida B. Wells-Barnett High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Capitol Hill
- Middle: Jackson
- High: Ida B Wells
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$581,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$581,300
- Oregon
- Multnomah County
- Portland
- 97239
- Corbett-Terwilliger-Lair Hill
- 5531 S Kelly Ave
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