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!
Sold
$434,000
5253 E Burnside St, Portland, OR 97215
4beds
1,863sqft
Multi Family
Built in 1968
-- sqft lot
$434,300 Zestimate®
$233/sqft
$2,683 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 21, 2025 at 07:22am
Listed by:
Nick Shivers 503-953-4110,
Keller Williams PDX Central
Bought with:
Theresa Peyralans, 201222540
Windermere Realty Trust
Source: RMLS (OR),MLS#: 777109183

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 sqft
- 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 & neighborhood
Location
- Region: Portland
HOA & financial
Other financial information
- Total actual rent: 1500
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Services availability
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Estimated market value
$434,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$434,300