5531 S KELLY AVE

Portland, 97239

  • 3 Bed

  • 2 Bath

  • 2448 SqFt

  • 20 DOM

  • Built: 1908

  • Status: Active

$599,000

Price cut: $39.9K (11-16-2025)

X

5531 S KELLY AVE

Portland 97239

$599000

Price cut: $39.9K (11-16-2025)

  • 3 Bed

  • 2 Bath

  • 2448 SqFt

  • 20 DOM

  • Built: 1908

  • Status: Active

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Request Tour, Ask a Question or Start an Offer

Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

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.

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Residence Information

  • 0

  • 2448

  • 0

  • 2448

  • Tax

  • 2448

  • 3

  • 2

  • 0

  • 2

  • Composition

  • Stories2

  • Driveway,OnStreet

  • 2

  • 1908

  • No

  • WoodSiding

  • ConcretePerimeter

Features and Utilities

  • Dishwasher, Disposal, FreeStandingRefrigerator

  • HardwoodFloors, SeparateLivingQuartersApartmentAuxLivingUnit, WasherDryer

  • Fenced, Yard

  • WallUnit

  • Electricity, Gas

  • WallHeater

  • PublicSewer

  • Electricity, Gas

  • Electricity, Gas

Financial

  • 7657.71

  • 0

  • Cash,Conventional,FHA,VALoan

  • 10-28-2025

  • No

  • No

Comparable Information

  • 20

  • 56

  • Cash,Conventional,FHA,VALoan

  • $638,900

  • $599,000

  • Nov 17, 2025 11:35

Schools

Elementary : Capitol Hill N/A Ratings
Middle : Jackson N/A Ratings
High : Ida B Wells N/A Ratings

Map

Listing courtesy of Willcuts Company Real Estate.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Mohan Realty Group data last checked: Dec 23, 2025 10:33 | Listing last modified Nov 17, 2025 11:35. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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