Income and expense figures are as reported by the owner. Buyers should verify.
Check out this duplex opportunity in the heart of North Portland’s Piedmont/Albina neighborhood! This well-positioned two-unit property offers an excellent opportunity for investors, owner-occupants, or buyers looking to house-hack while building equity.
Situated on a level 0.12-acre lot, the property features two comfortable 2-bedroom, 1-bath units, each approximately 780 square feet. Both units feature practical layouts and desirable amenities including dishwashers, ranges, refrigerators, and laundry. Water and trash are included in the current rental arrangement. Unit 7320 had a top-to-bottom remodel in 2024, including a mini-split. Unit 7322 had a partial remodel in 2025. The property also offers a driveway with ample parking for two vehicles.
The front unit is currently tenant occupied on a month-to-month lease and generates $2,120/month in rent. The second unit (most recently rented at $1,685/month) is now vacant and ready for its next occupant. For investors, when both units are rented, the property produces $45,660 in gross annual income and roughly $12,000 in operating expenses. For an owner-occupant, the vacant unit creates the opportunity to live in one side while generating rental income from the other.
Located in the established Piedmont/Albina area, the property provides convenient access to North Portland amenities, transportation, dining, shopping, parks, and neighborhood favorites. Whether you’re looking to expand your investment portfolio or make the leap into owner-occupied multifamily living, this duplex offers flexibility, income potential, and an excellent North Portland location. Come see the possibilities!
Features
- Two units, each 2 bedrooms, 1 bath, about 780 square feet
- Unit 7320: top-to-bottom remodel in 2024, including a mini-split
- Unit 7322: partial remodel in 2025
- Dishwasher, range and laundry in each unit
- One unit rented month to month at $2,120; one unit vacant
- Water and trash included in the current rental arrangement
- Level 0.12-acre lot, zoned RM1, with driveway parking for two
- Schools: Woodlawn Elementary, Ockley Green Middle, Jefferson and Roosevelt High
MLS # 342885573 · Listed by Porch Light Realty Group, Keller Williams Realty Professionals. Information is believed accurate but not guaranteed.