About 5531 S Kelly Ave
Fantastic opportunity to own a well-maintained, updated duplex just off Macadam Avenue—minutes from downtown Portland, OHSU, and the South Waterfront. Both units are occupied by reliable long-term tenants who value the quiet neighborhood and convenient location, offering immediate, stable income for the next owner.Each unit features its own private yard, updated finishes, and great natural light. The property has been thoughtfully cared for, minimizing maintenance needs and ensuring long-term tenant satisfaction.Centrally located near shopping, coffee shops, parks, and public transportation, this duplex attracts consistent rental demand and strong appreciation potential. A turn-key investment in one of Portland’s most desirable and accessible areas.
Features of 5531 S Kelly Ave
| MLS® # | 743952848 |
|---|---|
| Price | $638,900 |
| Bathrooms | 0.00 |
| Square Footage | 2,448 |
| Acres | 0.12 |
| Year Built | 1908 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 5531 S Kelly Ave |
|---|---|
| Area | 148 - Portland NW/ SW/ S, Raleigh Hills |
| Subdivision | Sweeneys Addition |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97239 |
Amenities
| Parking | On Street, Paved |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Heater |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior | Wood Siding |
|---|---|
| Lot Description | Level |
| Roof | Composition |
| Foundation | Concrete Perimeter |
School Information
| Elementary | Capitol Hill |
|---|---|
| Middle | Jackson |
| High | Ida B Wells |
Additional Information
| Date Listed | October 20th, 2025 |
|---|---|
| Days on Market | 3 |
| Zoning | R2 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Willcuts Company Real Estate |
|---|---|
| Contact Info | 503-538-8311 |