5814 N Mississippi Ave, Portland, OR 97217
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: claire paris
Office: paris group realty llc.503-998-4878
MLS#:633311451
Source:PORTLAND
Price summary
- Price:$700,000
- Price per sq. ft.:$899.74
About this home
Start your investment portfolio in one of the beloved neighborhoods with income already working for you on day one! This 1905 bungalow triplex in the heart of the Mississippi Ave. corridor is a compelling rental or owner-occupied home. Rented ground floor Unit 1 is 1 bed/1 bath and upper Unit 2 is 2 bed/1 bath provide immediate, stable income from day one, grossing a combined $2587/mo. Move right into vacant ground floor Unit 3 with its 2 beds, 1 bath, and an eat-in kitchen.The lower two units share access to a spacious blank slate backyard. Unit 2 has its own covered balcony providing outdoor space. The basement offers shared laundry and ample storage. There’s room to bring your own style and elevate the interiors over time, creating additional upside in both rents and value. It’s a smart way to get into the market in a location that’s coveted by owners and renters alike.Set on a quieter stretch of N Mississippi, this is exactly the kind of place renters are drawn to. Mornings start with a visit to the local café. Evenings end with dinner or drinks and a show at Mississippi Studios. Weekends are spent wandering the local shops along one of Portland’s most iconic streets: Sunlan Lighting, anyone? Nearby Peninsula Park offers rose gardens, open green space, and a true neighborhood gathering place for picnics in the sun.Originally built as a single-family home, the property has been updated to accommodate three units while maintaining its “Old Portland” vibes. Improvements include a newer roof, new siding and exterior paint, updated exterior lighting, Trex deck, vinyl windows, and two water heaters. All three units are accessed from a welcoming front porch, reinforcing that classic bungalow feel that resonates with renters and owners alike.This is more than just a house. It’s a flexible, income-producing property rooted in one of Portland’s most vibrant neighborhoods, where lifestyle and investment combine seamlessly....
Contact an agent
Home facts
- Year built:1905
- Listing ID #:633311451
- Added:48 day(s) ago
- Updated:May 14, 2026 at 04:29 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
- Full bathrooms:1
- Kitchen Description:Free Standing Range, Free Standing Refrigerator
- Basement Description:Unfinished
- Living area:778 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Roof:Composition
- Year built:1905
- Building area:778 sq. ft.
- Architectural Style:Bungalow
- Exterior Features:Deck
- Levels:1 Story
Schools
- High school:Roosevelt
- Middle school:Ockley Green
- Elementary school:Beach
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$700,000
- Price per sq. ft.:$899.74
- Tax amount:$3,284
Parking
- Parking description:On street
New listings near 5814 N Mississippi Ave
- Open Sat, 12 to 2pmNew
$565,000Active-- beds -- baths2,650 sq. ft.10919 SE Mill Ct, Portland, OR 97216
MLS# 232579721Listed by: WINDERMERE REALTY TRUST - Open Sat, 12 to 2pmNew
$539,900Active3 beds 1 baths1,988 sq. ft.2214 N Emerson St, Portland, OR 97217
MLS# 253038692Listed by: REALTY WORKS GROUP - New
$1,639,000Active-- beds -- baths12,247 sq. ft.4024 NE 6th Ave, Portland, OR 97212
MLS# 263315632Listed by: BARRY INVESTMENT REAL ESTATE - Open Sat, 11am to 2pmNew
$499,900Active3 beds 3 baths1,518 sq. ft.3823 NE 72nd Ave, Portland, OR 97213
MLS# 403938014Listed by: MOVE REAL ESTATE INC - New
$1,050,000Active4 beds 3 baths3,470 sq. ft.9629 SW 18th Pl, Portland, OR 97219
MLS# 459324219Listed by: WINDERMERE REALTY TRUST - Open Sat, 11am to 1pmNew
$565,000Active3 beds 1 baths2,022 sq. ft.3044 SE 9th Ave, Portland, OR 97202
MLS# 499975952Listed by: OREGON FIRST - New
$749,000Active4 beds 3 baths2,783 sq. ft.2712 SW Patton Rd, Portland, OR 97201
MLS# 530590203Listed by: MATIN REAL ESTATE - Open Thu, 11am to 1pmNew
$799,900Active5 beds 4 baths2,182 sq. ft.3336 SE Washington St, Portland, OR 97214
MLS# 582962977Listed by: WINDERMERE REALTY TRUST - New
$789,000Active3 beds 2 baths2,241 sq. ft.2241 NE 33rd Ave, Portland, OR 97212
MLS# 641460923Listed by: LIVING ROOM REALTY - Open Sat, 12 to 2pmNew
$565,000Active4 beds 3 baths2,650 sq. ft.10919 SE Mill Ct, Portland, OR 97216
MLS# 666706756Listed by: WINDERMERE REALTY TRUST