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Jared Hambrook

jaredh@legacyre.com +1(503) 930-2124

Listed by Keller Williams Realty Professionals

$ 550,000

Est. payment -/mo

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Active

7322 N ALBINA AVE Portland, OR 97217

4 Beds

2 Baths

1,560 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,560 sqft

Price per Sqft $352

Subdivision Piedmont/Albina

MLS Listing ID 342885573

Bedrooms 4

HOA Y/N No

Year Built 1979

Annual Tax Amount $4,751

Tax Year 2026

Lot Size 5,227 Sqft

Property Description

Just Listed! 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 with a month-to-month lease and generates $2,120/month in rent. The second unit (most recently rented at $1685/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. This is a versatile opportunity for both investors and buyers looking for their next home in a desirable Portland location.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!

Location

State OR

County Multnomah

Area _141

Zoning RM1

Rooms

Basement Crawl Space

Interior

Heating Baseboard, Mini Split

Cooling Mini Split, None

Exterior

Roof Type Composition

Garage No

Building

Lot Description Level

Story 1

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Woodlawn

Middle Schools Ockley Green

High Schools Jefferson

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

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NEARBY SCHOOLS & PROPERTIES

Jared Hambrook

Principal Broker License ID: 201211534

+1(503) 930-2124

Jared Hambrook

7322 N ALBINA AVE Portland, OR 97217

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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7322 N ALBINA AVE