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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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7322 N Albina Ave , Portland, OR 97217
$550,000
Est. Payment: $2,808.94/mo
4 Bed
2 Bath
1560 Sqft
Status: Active | Days on site: 5
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KWRP01 - WILLEKAT,KGRIFFIT
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House 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!

Highlights

Listed by Katelin Wille , 503-880-3650 and Kelsey Griffith , 503-546-9955 Keller Williams Realty Professionals , 503-546-9955. Portland Regional Multiple Listing Service mls logo

Property Type

Multi-Family

Lot/Acreage
0.12

Year Built

1979

County

Multnomah

Area

141 - Portland North

Neighborhood

Piedmont/Albina

Listing ID

342885573

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:2
  • Full Bathrooms:2
Air Cond:MiniSplit
Fireplaces:
Basement:Crawl Space
Water:Public Water

Exterior Features

Lot:Level
Garage Capacity:2
Zoning:RM1
Roof:Composition
Sewer:Public Sewer
Parking Features:Driveway
Principal Interest
$2,809
Taxes
$375

Home Price

$550,000

Loan Details

30 yrs
6.596%

Down Payment

20%
$110,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,808.94

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,808.94 $374.98 $0.00 $3,183.92
Yearly $33,707.24 $4,499.81 $0.00 $38,207.05
Total $1,011,217.11 $134,994.30 $0.00 $1,146,211.41

Today's Rates

30 Year

6.6%

20 Year

6.33%

15 Year

6.05%

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Market insight data is pulled from the same city as the listing being viewed (Portland, OR).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.


The data relating to real estate for sale on this web site comes in part from the Portland Regional Multiple Listing Service. Real estate listings held by brokerage firms other than The AskSarita Team | Keller Williams Sunset Corridor are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

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Data last updated: 2026-09-07T13:53:59.000Z

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