$750,000

135 Ne 55TH Ave, Portland, OR 97213

5 beds |
3 baths |
2,700 sqft

Single-Family Home
Built in 1950
5,663sqft lot
1 car garage
$278/sqft
Listed 2 days ago

Property Description

OPEN HOUSE Sat 2/28 @ 11am - 1pm! Excellent investment opportunity in a prime NE Portland location! This well-maintained duplex offers solid tenant history (tenant just vacated after 17 years) & strong income potential with two separate units, each featuring its own private entrance and functional layout. NEW ROOF 2022; VINYL WINDOWS 2021; FRESH PAINT Feb 2026 (2021 for #135). Ideal for investors or owner-occupants seeking rental income, this property provides flexibility and long-term value. Situated on a corner lot, just minutes from local shops, restaurants, Providence Hospital, parks & public transportation, tenants enjoy both convenience and neighborhood charm. Unit 133 features 2 bedrooms, 1 bathroom, refinished hardwood floors throughout, stacked W/D, dishwasher, gas range, refrigerator & fenced yards with a great covered patio. Unit 135 features 3 bedrooms, 2 bathrooms (one on each level), vaulted beam ceilings, wood burning fireplace, private driveway, 1 car garage & finished basement. Each unit offers comfortable living spaces with abundant natural light and practical floor plans designed for everyday living. With consistent rental demand in this desirable NE Portland area, this duplex presents an excellent opportunity to add a stable asset to your portfolio or live in one unit while renting the other. Close proximity to downtown Portland, Providence Hospital, major commuter routes and popular neighborhood amenities makes this property especially attractive. Don’t miss this rare chance to own a versatile, income-producing property! HES= 6 (unit 133); HES = 1 (unit 135)

Listing Status:: Active
Date Added:: February 26, 2026
Data Last Updated:: February 28, 2026 at 6:40AM
Listing Office:: Premiere Property Group, LLC : 503-670-9000
Listing Agent:: Jennifer Lillie : 503-502-3161
MLS ID:: 597775079

General: Hardwood floorsVaulted ceilingWallto wall carpetWasher dryer
Appliances: DishwasherFree standing rangeFree standing refrigeratorGas appliances
Basement: Crawl spaceFull basement
A/C: None
Heating: Forced air
Fireplace: Wood burningFireplaceFireplaces: 1
Disability Feature: Garageon mainMain floor bedroom bathUtility room on main

General: Wood sidingCovered patioDeckFencedYard
Style: Custom style
Parking: DrivewayOn streetParking spaces: 1

Roofing: Composition
Windows: VinylFrames
General: Concrete perimeterSlab

Road/Access: Paved
HOA Amenities: 0.0
Originating MLS: Regional Multiple Listing ServiceInc.
County: Multnomah

Zoning: R-2.5CENTER ADDBLOCK 13LOT 1E 10' OF LOT 2R130725

Water: Public water
Sewer: Public sewer

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Jennifer Lillie , Premiere Property Group, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Glencoe Elementary School

825 SE 51st Ave, Portland, OR, 97215

Grades KG-5

0.50 miles away

Mt Tabor Middle School

5800 SE Ash St, Portland, OR, 97215

Grades 6-8

0.27 miles away

Franklin High School

5405 SE Woodward St, Portland, OR, 97206

Grades 9-12

1.51 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.