Incredible investment opportunity to own this updated North Portland four-plex near University of Portland. Conventional financing as owner-occupied available. Each unit has two bedrooms and one bathroom over roughly 800-900 square feet. Three of the units are already rented at a combined $4,545 monthly. The vacant and fully remodeled fourth unit with new flooring, cabinets, countertops, and bathroom could increase that to $6,480 ($77,760 annually) . This is a lovely spot to call home with sunrooms for top floor tenants and sunny patios on the lower level. All residents enjoy shared garden space, laundry, and plenty of tenant parking. Delightful Portsmouth location near parks, New Seasons, Fred Meyer, and a vibrant mix of coffee shops, restaurants, and bars!
Active
Price cut: $24K (6/19)
$825,000
7555 N Portsmouth Ave, Portland, OR 97203
8beds
3,576sqft
:
Get pre-qualified$6,182/mo
Multi Family
Built in 1970
-- sqft lot
$-- Zestimate®
$231/sqft
$-- HOA
What's special
Shared garden spaceNew flooringPlenty of tenant parking
- 96 days |
- 244 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
Marc Zemp 503-501-6925,
Real Broker
Source: RMLS (OR),MLS#: 185951818
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Zoned
Appliances
- Included: Range, Refrigerator, Electric Water Heater
- Laundry: Common Area
Features
- Basement: Crawl Space
Interior area
- Total structure area: 3,576
- Total interior livable area: 3,576 sqft
Property
Parking
- Total spaces: 4
- Parking features: Off Street, Paved
Features
- Stories: 2
- Patio & porch: Deck
Lot
- Size: 6,969 Square Feet
- Dimensions: 6750
- Features: SqFt 7000 to 9999
Details
- Parcel number: R248738
- Zoning: R-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement Siding, Wood Siding
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Laundry
- Subdivision: St Johns
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $231/sqft
- Tax assessed value: $747,040
- Annual tax amount: $10,132
- Date on market: 4/23/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 4730
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/19/2026 | Price change | $825,000-2.8%$231/sqft |
Source:  RMLS (OR) #185951818 Report a problem | ||
| 5/18/2026 | Price change | $849,000-5.6%$237/sqft |
Source: RMLS (OR) #185951818 Report a problem | ||
| 4/24/2026 | Listed for sale | $899,000+146.3%$251/sqft |
Source: RMLS (OR) #185951818 Report a problem | ||
| 11/25/2013 | Sold | $365,000-8.7%$102/sqft |
Source: RMLS (OR) #13124278 Report a problem | ||
| 4/11/2013 | Listing removed | $399,900$112/sqft |
Source: Portland Equities LLC dba Keller Williams, Portland Central #12566524 Report a problem | ||
| 1/30/2013 | Price change | $399,900-5.9%$112/sqft |
Source: Portland Equities LLC dba Keller Williams, Portland Central #12566524 Report a problem | ||
| 12/22/2012 | Listed for sale | $425,000+18.4%$119/sqft |
Source: Portland Equities LLC dba Keller Williams, Portland Central #12566524 Report a problem | ||
| 6/17/2008 | Sold | $359,000+80.6%$100/sqft |
Source: Public Record Report a problem | ||
| 8/28/2001 | Sold | $198,800-8.8%$56/sqft |
Source: Public Record Report a problem | ||
| 9/18/1997 | Sold | $218,000$61/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,133 +3.7% | $376,060 +3% |
| 2024 | $9,769 +4% | $365,110 +3% |
| 2023 | $9,393 +2.2% | $354,480 +3% |
| 2022 | $9,190 +1.7% | $344,160 +3% |
| 2021 | $9,034 +9% | $334,140 +3% |
| 2020 | $8,288 +3.8% | $324,410 +3% |
| 2019 | $7,983 | $314,970 +3% |
| 2018 | $7,983 +3% | $305,800 +3% |
| 2017 | $7,748 +14% | $296,900 +3% |
| 2016 | $6,796 | $288,260 +3% |
| 2015 | $6,796 +2.7% | $279,870 +0.7% |
| 2014 | $6,618 +51.7% | $277,800 +7.9% |
| 2013 | $4,363 +2.2% | $257,420 +1.8% |
| 2012 | $4,269 -7.1% | $252,980 +3% |
| 2011 | $4,597 -2% | $245,620 +3% |
| 2010 | $4,688 -7.3% | $238,470 +3% |
| 2009 | $5,058 +17.4% | $231,530 +3% |
| 2008 | $4,310 -4.4% | $224,790 +3% |
| 2007 | $4,507 +15.1% | $218,250 +3% |
| 2006 | $3,917 +7.7% | $211,900 +3% |
| 2005 | $3,638 -4.2% | $205,730 +3% |
| 2004 | $3,798 +10.5% | $199,740 +3% |
| 2003 | $3,437 -10.6% | $193,930 +3% |
| 2002 | $3,846 +11.6% | $188,290 +6.1% |
| 2000 | $3,446 +2.1% | $177,490 +3% |
| 1999 | $3,375 | $172,330 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Portsmouth
Nearby schools
GreatSchools rating
- 9/10Astor Elementary SchoolGrades: K-8Distance: 0.4 mi
- 2/10Roosevelt High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Astor
- Middle: Astor
- High: Roosevelt
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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