Fantastic Income Opportunity in Prime Melrose Location!This charming corner-lot duplex offers excellent rental potential with two spacious units—one currently occupied. Each unit features a cozy living room with a classic brick fireplace and sliding doors that open to the fenced yard, creating seamless indoor-outdoor living. Adjacent dining areas with bay windows bring in natural light, while the kitchens are equipped with a dishwasher, range, and refrigerator. Both units include 2 bedrooms, a full bathroom with tub/shower combo, and private access to a basement with washer and dryer. Enjoy the outdoors under a covered patio surrounded by mature shade trees. Nestled in the desirable Melrose neighborhood with exceptional walk and bike scores, close to public transit, parks, schools, shopping, dining, and major medical centers (Providence & Adventist). A smart investment with built-in income and prime location appeal!
Pending
$450,000
5253 E Burnside St, Portland, OR 97215
4beds
1,863sqft
Est.:
Multi Family
Built in 1968
-- sqft lot
$-- Zestimate®
$242/sqft
$-- HOA
What's special
Classic brick fireplaceFenced yardCovered patioSliding doorsMature shade treesSpacious units
- 38 days
- on Zillow |
- 806 |
- 47 |
Zillow last checked: 7 hours ago
Listing updated: April 19, 2025 at 02:22am
Listed by:
Nick Shivers 503-953-4110,
Keller Williams PDX Central
Source: RMLS (OR),MLS#: 777109183

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Other, Fireplace(s)
Appliances
- Included: Dishwasher, Range, Refrigerator
Features
- Basement: Partially Finished
Interior area
- Total structure area: 1,863
- Total interior livable area: 1,863 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 1
Lot
- Size: 4,356 Square Feet
- Features: Level, SqFt 3000 to 4999
Details
- Parcel number: R216570
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other
- Roof: Shingle
Condition
- Existing
- Year built: 1968
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $242/sqft
- Annual tax amount: $6,370
- Date on market: 3/27/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 1500
- Road surface type: Paved
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