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5533 S Kelly Ave, 
Portland, OR 97239

$599,000

—

Bed

—

Bath

2,448

Sq Ft

Multi-Family

Virtual Tour

Active

Listed by

Stacey Bent

Willcuts Company Real Estate

503-538-8311

Last updated:

January 14, 2026, 07:29 PM

MLS#

743952848

Source:

PORTLAND

About This Home

5533 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.

Home Facts

Multi-Family

Built in 1908

Price Summary

599,000

$244 per Sq. Ft.

MLS #:

743952848

Last Updated:

January 14, 2026, 07:29 PM

Added:

2 month(s) ago

Rooms & Interior

Interior

Living Area:

2,448 Sq. Ft.

Structure

Structure

Building Area:

2,448 Sq. Ft.

Year Built:

1908

Lot

Lot Size (Sq. Ft):

5,227

Finances & Disclosures

Finances

Price:

$599,000

Price per Sq. Ft:

$244 per Sq. Ft.

MLS Logo
All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Coldwell Banker Walla Walla are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: January 14, 2026

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.