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Listing provided courtesy of Axness & Kofman Real Estate- MLS# 621484935MLS Provider

5505 N MINNESOTA AVEPortland, OR 97217

Multi-Family · 2,680 Sq. ft.
$585,000 Active

5505 N MINNESOTA AVE Overview

Time on Site:
402 days
Visits:
3

2 homes on 1 lot! Both are occupied by tenants and will be sold with tenants in place. Contact agent for financials. 5500 sq ft lot. Zoning is CM2 Commercial Mixed Use per City ofPortland, buyer to verify uses. 5505 N Minnesota is 2160 sq ft, 3 bedrooms, one bathroom. 1223 N Killingsworth is 520sq ft, one bedroom, one bathroom.

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5505 N MINNESOTA AVE Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,680
  • Price/Sq.ft. $218

Details

General

School Information

  • Elementary School: Beach
  • Middle Or Junior School: Ockley Green
  • High School: Jefferson

Income/Expenses

  • Gross Income: 41164.0
  • Net Operating Income: 30806.0
  • Operating Expense: 10358.0

Building Information

  • Year Built: 1922

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 141 - Portland North
  • Subdivision Name: North Albina

Rent/Lease Information

  • Rent Includes: Maintenance Grounds,Trash Collection

Tax Information

  • Tax Annual Amount: 5576.64

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: R226124
  • Property Condition: Existing
  • Property Type: Multi Family
  • Zoning: CM2

Interior

Building Interior

  • Building Area Total: 2680.0

General Information

  • Basement: Unfinished
  • Foundation Details: Concrete Perimeter
  • Heating: Forced Air,Radiant

Exterior

Parking Information

  • Parking Features: Driveway

Lot Information

  • Lot Features: Corner Lot,Level
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 2
  • Sewer: Public Sewer

5505 N MINNESOTA AVE Neighborhood

Community

97217 (PORTLAND) Demographics

37
Median Age
1,915
Population Density (per sq. mile)
62%
College Educated
$88,017
Estimated Median Income
8,644
Estimated Total Home Owners
6,194
Estimated Total Renters
58% / 42%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5505 N MINNESOTA AVE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5505 N MINNESOTA AVE Market Data

Based on the last 30 days in this zip code

$436,098
Average List Price
$291
Average Price per Square Foot
63
Properties Sold
97
Average Days on Market
234
Properties for Sale
Calculations provided by Reliance Network

5505 N MINNESOTA AVE History

Date Event Value Agent
12/1/2025Source: Regional MLS Price Reduction
$585,000 -3.3%
10/16/2025Source: Regional MLS Price Reduction
$605,000 -3.2%
7/18/2025Source: Regional MLS Price Reduction
$625,000 -3.8%
5/23/2025Source: Regional MLS Added to Database
May 23, 2025