7322 N ALBINA Ave, Portland, OR 97217

• 1,560 sqft

Property Description

Just Listed! Check out this duplex opportunity in the heart of North Portland’s Piedmont/Albina neighborhood! This well-positioned two-unit property offers an excellent opportunity for investors, owner-occupants, or buyers looking to house-hack while building equity. Situated on a level 0.12-acre lot, the property features two comfortable 2-bedroom, 1-bath units, each approximately 780 square feet. Both units feature practical layouts and desirable amenities including dishwashers, ranges, refrigerators, and laundry. Water and trash are included in the current rental arrangement. Unit 7320 had a top to bottom remodel in 2024 including a mini-split. Unit 7322 had a partial remodel in 2025. The property also offers a driveway with ample parking for two vehicles.The front unit is currently tenant occupied with a month-to-month lease and generates $2,120/month in rent. The second unit (most recently rented at $1685/month) is now vacant and ready for its next occupant. For investors, when both units are rented, the property produces $45,660 in gross annual income and roughly $12,000 in operating expenses. For an owner-occupant, the vacant unit creates the opportunity to live in one side while generating rental income from the other.Located in the established Piedmont/Albina area, the property provides convenient access to North Portland amenities, transportation, dining, shopping, parks, and neighborhood favorites. This is a versatile opportunity for both investors and buyers looking for their next home in a desirable Portland location.Whether you're looking to expand your investment portfolio or make the leap into owner-occupied multifamily living, this duplex offers flexibility, income potential, and an excellent North Portland location. Come see the possibilities!

Listing Status:

Active

Date Added:

September 2, 2026

Data Last Updated:

October 20, 2026 at 7:52AM

Listing Office:

Keller Williams Realty Professionals : 503-546-9955

Listing Agent:

Katelin Wille : 503-880-3650

MLS ID:

342885573

Interior

• Basement: Crawl space
• A/C: Mini splitNone
• Heating: BaseboardMini split

Exterior

• General: T 111 siding
• Parking: DrivewayParking spaces: 2

Construction

• Roofing: Composition
• General: Concrete perimeter

Location

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

Lot

• Zoning: RM1SWINTONBLOCK 46LOT 23&24R282408

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.