About 7521 N Gloucester Ave N
Rare CM2 mixed-use triplex in North Portland — all three units leased and cash-flowing from day one. This converted farmhouse offers a turnkey investment with genuine commercial flexibility in a zoning classification that's increasingly scarce.Unit 1: 1BR | hardwood floors, wood-burning fireplace, updated kitchen and bathUnit 2: 2BR | hardwood floors, built-ins, remodeled kitchen and bath with penny tile, clawfoot tub, and original hardwareUnit 3: 2BR + bonus room | new carpet, new HVAC, refreshed kitchen — ideal for residential, office, or commercial use at lease endEvery unit has basement storage. Shared backyard, deck, front porches, and coin-op laundry. Approximately 50 feet adjoining a parking lot with driveway easement potential. CM2 zoning supports wellness, medical, professional office, retail, and more — with long-term redevelopment upside within the Prosper Portland Interstate Urban Renewal Area. Under one mile to University of Portland and New Seasons. Transit lines 75 and 35.
Features of 7521 N Gloucester Ave N
| MLS® # | 653794194 |
|---|---|
| Price | $650,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,892 |
| Acres | 0.10 |
| Year Built | 1909 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 7521 N Gloucester Ave N |
|---|---|
| Area | 141 - Portland North |
| Subdivision | PORTSMOUTH/UNIVERSITY PARK |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97203 |
Amenities
| Parking | On Street |
|---|---|
| View | Trees/Woods |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air, Window Unit(s) |
| Fireplace | No |
| # of Stories | 2 |
| Basement | Daylight, Exterior Entry, Storage Space |
Exterior
| Exterior | Wood Siding |
|---|---|
| Lot Description | On Busline, Trees |
| Roof | Shingle |
| Foundation | Concrete Perimeter |
School Information
| Elementary | Astor |
|---|---|
| Middle | Astor |
| High | Roosevelt |
Additional Information
| Date Listed | May 15th, 2026 |
|---|---|
| Days on Market | 130 |
| Zoning | CM2 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Living Room Realty |
|---|