5623 N Gay Ave, Portland, OR

$749,900

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2,557

Square feet

About 5623 N Gay Ave

Opportunity to acquire one side of a modern home with separate living quarters! This offering provides ~2,557 sq ft of well designed living space across three levels, delivering a functional and highly marketable layout for tenants or owner occupants seeking flexibility. Main level features a great room style design with seamless flow between kitchen, dining, and living areas, plus a convenient half bathroom for guests. Kitchen is equipped with a full size island with eat bar, stainless steel appliances, and extensive custom cabinetry, while large windows and sliding doors enhance natural light and connect to a covered deck and fully fenced yard, a key driver for livability and tenant retention. Upper level offers a 3 bedroom, 2 bathroom configuration including a primary ensuite with walk in closet and walk in shower, along with centrally located laundry for convenience. Ground level includes a highly sought after attached garage and separate living quarters with 1 bedroom, 1 full bathroom, and exterior access, currently rented and providing income from day one, creating flexibility for multigenerational use or continued supplemental rental income. Modern construction, efficient layout, and desirable features position this home for strong long term performance. Located near Arbor Lodge Park, New Seasons Market, and the dining, cafes, and retail along N Lombard St and St Johns, supporting consistent demand and long term value. [Home Energy Score = 10. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10182385]

Features of 5623 N Gay Ave

MLS® # 593159608
Price $749,900
Bathrooms 0.00
Square Footage 2,557
Acres 0.00
Year Built 2020
Type Multi Family
Status Active

Community Information

Address 5623 N Gay Ave
Area 141 - Portland North
Subdivision OVERLOOK
City Portland
County Multnomah
State OR
Zip Code 97217

Amenities

Parking Spaces 1
Parking Driveway, Garage
# of Garages 1
View Trees/Woods
Is Waterfront No
Has Pool No

Interior

Heating Forced Air, Wall Heater
Cooling Central Air
Fireplace No
# of Stories 3
Basement Separate Living Quarters/Apartment/Aux Living Unit

Exterior

Exterior Cedar, Cement Siding, Lap Siding, Panel
Lot Description Level, Public Road
Roof Composition
Foundation Slab

School Information

Elementary Beach
Middle Ockley Green
High Jefferson

Additional Information

Date Listed April 15th, 2026
Days on Market 158
Zoning R2.5
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams Realty Portland Premiere
Contact Info503-709-4632

Listing Map

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