Log In/Sign Up
Your email has been sent.
5301 N Kerby Ave
Portland, OR 97217
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Value-add opportunity
- Tangible upside in rental income
- Attractive corner lot with sizeable yard
- Well-maintained interior of units
EXECUTIVE SUMMARY
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.
Located in North Portland’s Humboldt neighborhood, 5301 N Kerby Ave offers convenient access to the city’s core employment and lifestyle hubs. The area features a mix of classic single-family homes and smaller multifamily properties, providing a stable residential setting with strong rental demand. Nearby arterials—including N Killingsworth St, N Albina Ave, and Interstate 5—offer direct connectivity to downtown Portland and major retail corridors. Residents benefit from proximity to neighborhood cafés, parks, and public transit, making the location attractive to tenants seeking walkable, close-in housing.
foundation for investors seeking a smaller-scale multifamily with proven occupancy, clear operational potential, and additional land on the lot suitable for future development.
Located in North Portland’s Humboldt neighborhood, 5301 N Kerby Ave offers convenient access to the city’s core employment and lifestyle hubs. The area features a mix of classic single-family homes and smaller multifamily properties, providing a stable residential setting with strong rental demand. Nearby arterials—including N Killingsworth St, N Albina Ave, and Interstate 5—offer direct connectivity to downtown Portland and major retail corridors. Residents benefit from proximity to neighborhood cafés, parks, and public transit, making the location attractive to tenants seeking walkable, close-in housing.
PROPERTY FACTS
| Price Per Unit | $162,500 | Apartment Style | Hi-Rise |
| Sale Type | Investment | Building Size | 2,300 SF |
| Cap Rate | 6.25% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1912 |
| Property Type | Multifamily | ||
| Zoning | R2.5 | ||
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Hi-Rise |
| Building Size | 2,300 SF |
| No. Stories | 2 |
| Year Built | 1912 |
| Zoning | R2.5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,258 | 550 - 650 |
| 1+1 | 3 | $1,150 | 550 - 650 |
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
