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Listed by LUXE Forbes Global Properties

$750,000

Est. payment - /mo

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4 Beds

3 Baths

2,601 SqFt

New

5160 NE COLUMBIA BLVD Portland, OR 97218

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Nancy Kelly

nancy@nancykellyhomes.com +1(503) 805-5887

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,601 sqft

Price per Sqft $288

MLS Listing ID 560773310

Style Stories1

Bedrooms 4

Full Baths 3

Year Built 1948

Annual Tax Amount $3,447

Tax Year 2024

Lot Size 0.280 Acres

Property Sub-Type Single Family Residence

Property Description

Charming income-producing triplex in desirable NE Portland — 5160 NE Columbia Blvd. Rare investment opportunity with solid cash flow and flexible IG2 zoning for future options. Property features three well-maintained units (mix of 3BR and studio layouts), updated kitchens, efficient appliances, in-unit storage, and on-site laundry. Separate meters for water and electricity where applicable, off-street parking for tenants, and a secure common entrance. Strong rental history, low vacancy, and professional property management in place — immediate income from day one. Prime location: minutes to Columbia Slough greenway, easy access to I-84 and I-205, close to shopping, restaurants, and public transit. IG2 zoning adds redevelopment potential or expanded commercial/industrial use subject to city approvals. Ideal for investors seeking stable returns with upside through minor value-add renovations or future entitlement. Contact for rent roll, income/expense statements, and to schedule a showing.

Location

State OR

County Multnomah

Area _142

Rooms

Basement Exterior Entry, Separate Living Quarters Apartment Aux Living Unit

Interior

Interior Features Accessory Dwelling Unit, Hardwood Floors, Wood Floors

Heating Forced Air

Cooling Central Air

Fireplaces Number 1

Appliance Free Standing Range, Free Standing Refrigerator, Granite, Tile

Exterior

Parking Features Detached

View City

Roof Type Composition

Garage Yes

Building

Lot Description Cleared, Level

Story 2

Foundation Slab

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Rigler

Middle Schools Beaumont

High Schools Leodis Mcdaniel

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

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Nancy Kelly

Broker | License ID: 880300070

+1(503) 805-5887

5160 NE COLUMBIA BLVD Portland, OR 97218

Nancy Kelly

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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5160 NE COLUMBIA BLVD