5301 North Kerby Avenue, Portland, OR for sale

Investment Overview

Value-add opportunity at 5301 N Kerby Ave in North Portland. This 2,300 SF, four-unit property combines historic character with meaningful upside through rent growth, expense optimization, and targeted capital improvements, including siding and roof updates. Built in 1912 and well-located within the Humboldt neighborhood, the asset offers a strong foundation for investors seeking a smaller-scale multifamily with proven occupancy, clear operational potential, and additional land on the lot suitable for future development.

Investment Highlights

• Value-add opportunity
• Attractive corner lot with sizeable yard
• Tangible upside in rental income
• Well-maintained interior of units