5623 N GAY Ave, Portland, OR 97217

• 2,557 sqft

Property Description

Opportunity to acquire one side of a modern home with separate living quarters! This offering provides ~2,557 sq ft of well designed living space across three levels, delivering a functional and highly marketable layout for tenants or owner occupants seeking flexibility. Main level features a great room style design with seamless flow between kitchen, dining, and living areas, plus a convenient half bathroom for guests. Kitchen is equipped with a full size island with eat bar, stainless steel appliances, and extensive custom cabinetry, while large windows and sliding doors enhance natural light and connect to a covered deck and fully fenced yard, a key driver for livability and tenant retention. Upper level offers a 3 bedroom, 2 bathroom configuration including a primary ensuite with walk in closet and walk in shower, along with centrally located laundry for convenience. Ground level includes a highly sought after attached garage and separate living quarters with 1 bedroom, 1 full bathroom, and exterior access, currently rented and providing income from day one, creating flexibility for multigenerational use or continued supplemental rental income. Modern construction, efficient layout, and desirable features position this home for strong long term performance. Located near Arbor Lodge Park, New Seasons Market, and the dining, cafes, and retail along N Lombard St and St Johns, supporting consistent demand and long term value. [Home Energy Score = 10. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10182385]

Listing Status:

Active

Date Added:

April 15, 2026

Data Last Updated:

June 18, 2026 at 8:41PM

Listing Office:

Keller Williams Realty Portland Premiere : 503-597-2444

Listing Agent:

Darryl Bodle : 503-709-4632

MLS ID:

593159608

Interior

• Basement: Separate living quarters apartment aux living unit
• A/C: Central air
• Heating: Forced airWall heater

Exterior

• General: CedarCement sidingLap sidingPanel
• Parking: DrivewayGarageParking spaces: 1

Construction

• Roofing: Composition
• General: Slab

Location

• Road/Access: Paved
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Multnomah

Lot

• Zoning: R2.5FIFTY-SIX TWENTY-THREE CONDOMINIUMSUNIT 2R716360
• View: View

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.