Amazing single-family unit with permitted ADU/mother-in-law suite in the lower level in the Heart of North Portland. High grossing Airbnb unit generating nearly $2,000/month on a part-time basis or use it as a guest suite, art studio, media room, or storage. Live in the main unit or rent for $2,250/month, with two bedrooms and two full bathrooms, washer and dryer in both units. A potential CAP RATE of 6.01% is an excellent opportunity for first-time investors or seasoned landlords. A Must See!
Sold
$565,000
5911 N Michigan Ave, Portland, OR 97217
3beds
1,617sqft
Residential, Single Family Residence
Built in 1910
1,742 sqft lot
$556,800 Zestimate®
$349/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: September 28, 2022 at 06:11am
Listed by:
Adiam Mehretab 503-522-2632,
Keller Williams PDX Central
Bought with:
Jakob Goodson, 200503462
Real Broker
Source: RMLS (OR),MLS#: 22267886

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
Primary bedroom
- Features: Bamboo Floor
- Level: Main
Bedroom 2
- Level: Upper
Bedroom 3
- Level: Lower
Dining room
- Features: Bamboo Floor
- Level: Main
Kitchen
- Level: Main
Living room
- Features: Ceiling Fan, Bamboo Floor
- Level: Main
Heating
- Forced Air
Cooling
- Window Unit(s)
Appliances
- Included: Free-Standing Gas Range, Free-Standing Range, Free-Standing Refrigerator, Range Hood, Washer/Dryer, Gas Water Heater
- Laundry: Laundry Room
Features
- Ceiling Fan(s), High Ceilings
- Flooring: Bamboo
- Windows: Double Pane Windows
- Basement: Finished,Partially Finished
Interior area
- Total structure area: 1,617
- Total interior livable area: 1,617 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Stories: 3
- Patio & porch: Patio
Lot
- Size: 1,742 sqft
- Features: Level, SqFt 0K to 2999
Details
- Additional structures: GuestQuarters
- Parcel number: R226278
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Slab
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1910
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Portland
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Services availability

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Estimated market value
$556,800