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The Broker Network, LLC

info@tbnrealty.com +1(503) 465-5077

Listed by ELEETE Real Estate

$ 610,000

Est. payment | -/mo

3,416 SqFt

Save

$ 610,000

Est. payment | -/mo

Save

3,416 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,416 sqft

Price per Sqft $178

Subdivision Montavilla

MLS Listing ID 478813794

HOA Y/N No

Year Built 1953

Annual Tax Amount $5,591

Tax Year 2025

Lot Size 10,018 Sqft

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.

Location

State OR

County Multnomah

Area _142

Zoning CM-2

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling Window Unit

Exterior

View Territorial

Roof Type Composition,Shingle

Garage No

Building

Lot Description Level, Public Road

Story 1

Foundation Slab

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Vestal

Middle Schools Harrison Park

High Schools Leodis Mcdaniel

Others

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Regional Multiple Listing Service (RMLS)

Nearby Locations

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+1(503) 465-5077

info@tbnrealty.com

320 N Main Ave #213, Gresham, Oregon 97030, USA

7015 NE GLISAN ST Portland, OR 97213