5531 S Kelly Ave, Portland, Oregon 97239

OR, Portland
$574,500
  • 3 Beds
  • 2 Bath
  • Residential Property Type
  • 1908 Year Built
  • Active Status
Steven Meyer
Steven Meyer Realtyna
  • (302) 525 8222
  • Steven.m@realtyna.net
  • 200 Continental Drive, Suite 401, Newark, DE 19713 USA
Property Description

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.

Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: 206187073
  • Price: $574,500
  • Year Built: 1908
  • Full Bathrooms: 2
  • Property Sub Type: SingleFamilyResidence
  • Roof: Composition
  • Office Name: Willcuts Company Real Estate
  • Agent Name: Stacey Bent
  • Contact By: 503-538-8311
  • Office Phone: 503-538-8311
  • Listing Status: Active
Features
  • Heating System Wall Heater
  • Cooling System Wall Unit
  • Parking Driveway,On Street
  • Architectural Style Stories2
  • Exterior Features Fenced,Yard
  • Interior Features Hardwood Floors,Washer Dryer,Separate Living Quarters Apartment Aux Living Unit
  • Sewer Public Sewer
Appliances
  • Dishwasher
  • Disposal
  • Free Standing Refrigerator
Address Map
  • Country US
  • State OR
  • County Multnomah
  • City Portland
  • Zipcode 97239
  • Street: KELLY
  • Street Number: 5531
  • Street Suffix: AVE
  • Longitude: W123° 19' 26.2''
  • Latitude: N45° 28' 60''
  • Zoning: R2
  • Mls Area Major: _148
  • Street Dir Prefix: S
Neighborhood
  • Elementary School: Capitol Hill
  • High School: Ida B Wells
  • Middle School: Jackson
Additional Information
  • Water Source: Public Water
  • Building Size: 2448
  • Foundation Details: Concrete Perimeter
  • Lot Features: Level,Private
  • On Market Date: 2025-10-28
  • Previous Price: 589000
  • Stories: 2
Listing Information
  • Listing Term: Cash, Conventional, FHA, VALoan
  • Mls Status: Active
  • Modification Timestamp: 2026-02-10T17:16:44Z
  • Originating System Name: RMLS
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Last updated on 02/20/2026 2:17