$519,000

15540 NE Couch St Unit 15542 Portland, OR 97230

Glenfair Neighborhood

Estimated payment $3,167/month

Total Views 626
5 Beds
4 Baths
1,848 Sq Ft
$281 Price per Sq Ft

Highlights

  • View of Trees or Woods
  • 2 Car Attached Garage
  • Baseboard Heating
  • No HOA
  • Landscaped with Trees
  • 2-minute walk to Glenfair Park

About This Home

Great Investment Opportunity – Duplex Near Glenfair Park!Well-maintained duplex featuring one 3-bedroom, 2-bath unit and one 2-bedroom, 1.5-bath unit — both with fireplaces, washer/dryer hookups, and attached 1-car garages plus additional off-street parking. The property has a south-facing yard and sits in a desirable location near Glenfair Park.Each unit offers upgraded interiors and long-term tenants in place, providing immediate rental income. Current rents are $1,600 and $1,525 per month.Showings available only after mutual acceptance. Buyer to obtain and honor existing one-year leases.Don’t miss this solid, income-producing property — a great addition to your investment portfolio!

Listing Agent

Meiya Luo

Coldwell Banker Bain Brokerage Phone: 360-931-5667 License #201228750 Listed on: 11/10/2025

Coldwell Banker Bain

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,207

Year Built

  • Built in 1970

Lot Details

  • 7,840 Sq Ft Lot
  • Level Lot
  • Landscaped with Trees

Parking

  • 2 Car Attached Garage
  • Driveway

Property Views

  • Woods
  • Seasonal

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 1,848 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Schools

  • Glenfair Elementary School
  • H.B. Lee Middle School
  • Reynolds High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R158295

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Glenfair Subdivision

Building Details

  • Operating Expense $5,207
  • Gross Income $37,500
  • Net Operating Income $31,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,207

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1970
  • Property Condition: Existing
  • Property Attached Yn: No
  • Current Price For Status: 519000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bedrooms: 5
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: Other
  • View: Yes
  • Lot Features: Level, Trees
  • Road Surface Type: Concrete, Gravel
  • Disclosures: Disclosure
  • Roof: Composition
  • View: Seasonal,TreesWoods

Garage/Parking

  • Parking Description: Attached, Driveway
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: Unknown
  • Cooling: Other
  • Cooling Y N: No
  • Heating: Baseboard, HotWater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Glenfair
  • High School: Reynolds
  • Middle Or Junior School: H.B. Lee

Lot Info

  • Zoning: RM1
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7840.0
  • Parcel #: R158295

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2025
  • Tax Annual Amount: 5206.94

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.84
  • Annual Gross Income: 37500.0
  • Property Net Operating Income: 31250.0
  • Annual Operating Expense: 5207.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,736 $234,530 -- --
2024 $7,677 $227,700 -- --
2023 $7,509 $221,070 $0 $0
2022 $5,726 $214,640 $0 $0
2021 $4,864 $208,390 $0 $0
2020 $4,391 $202,330 $0 $0
2019 $4,167 $196,440 $0 $0
2018 $4,129 $190,720 $0 $0
2017 $3,982 $185,170 $0 $0
2016 $3,634 $179,780 $0 $0
2015 $3,283 $174,550 $0 $0
2014 $3,267 $169,470 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2025 11/10/25 For Sale $519,000 -- $281 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $188,000 First American
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,400 Stand Alone First
Closed $37,600 No Value Available
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 495697543

Regional Multiple Listing Service (RMLS)

APN: R158295

Oregon Multnomah County Portland 97230 Glenfair

15540 NE Couch St Unit 15542, Portland, OR

For Sale

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Meiya Luo
Listing Agent
Meiya Luo
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Coldwell Banker Bain
(503) 850-2458