5525 E Burnside St Portland, OR 97215
North Tabor NeighborhoodEstimated payment $3,273/month
Highlights
- Landscaped with Trees
- Forced Air Heating and Cooling System
- Wood Siding
- Glencoe Elementary School Rated A-
- Level Lot
About This Home
This exceptionally charming Victorian office building is perfect for your business! The warm and inviting lobby features original unpainted millwork, architectural glass, and vintage light fixtures and is a fantastic way to welcome clients. The communal common space offers a welcome desk, kitchenette, relaxing lounge area, and ADA compliant bathroom and is an excellent training or group gathering space. There are two private offices on the first floor, and three more upstairs: one of which has a gas fireplace and separate lounge and workspaces. A second full bathroom, off-street parking, and beautifully landscaped backyard- with retractable awning and wiring for electrical heat- are lovely touches that increase the rentability of the space. This property has been meticulously cared for through the years, and the maintenance shows. Each office is leased by individual long term tenants who are happy to stay on: enjoy a ready-made cash flowing investment property, take over one of the offices and have tenants pay most of your expenses, or move into the whole building and run your dream business from this creative, historic property. There is even potential for a live/work space here: the opportunities are endless!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,417
Year Built
- Built in 1890
Lot Details
- 4,791 Sq Ft Lot
- Level Lot
- Landscaped with Trees
Home Design
- Converted Dwelling
- Composition Roof
- Wood Siding
Interior Spaces
- 1,839 Sq Ft Home
- 3-Story Property
Unfinished Basement
- Partial Basement
- Dirt Floor
- Basement Storage
Parking
- 2 Parking Spaces
- Driveway
Schools
- Glencoe Elementary School
- Mt Tabor Middle School
- Franklin High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Heat Pump System
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number R281556
Community Details
Overview
- 5 Units
- Mt. Tabor Subdivision
Building Details
- Operating Expense $17,552
- Gross Income $45,720
- Net Operating Income $28,168
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $4,417 | $165,090 | -- | -- |
| 2023 | $4,417 | $160,290 | $0 | $0 |
| 2022 | $4,156 | $155,630 | $0 | $0 |
| 2021 | $4,085 | $151,100 | $0 | $0 |
| 2020 | $3,748 | $146,700 | $0 | $0 |
| 2019 | $3,610 | $142,430 | $0 | $0 |
| 2018 | $3,504 | $138,290 | $0 | $0 |
| 2017 | $3,359 | $134,270 | $0 | $0 |
| 2016 | $3,074 | $130,360 | $0 | $0 |
| 2015 | $2,993 | $126,570 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | For Sale | $550,000 | 0.0% | $299 / Sq Ft |
| 07/12/2025 07/12/25 | Off Market | $550,000 | -- | -- |
| 06/12/2025 06/12/25 | Pending | -- | -- | -- |
| 05/01/2025 05/01/25 | For Sale | $550,000 | -- | $299 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $175,000 | Ticor Title Insurance Compan | |
| Warranty Deed | $144,200 | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $140,000 | Purchase Money Mortgage | |
| Previous Owner | $115,350 | Purchase Money Mortgage |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 674008319
APN: R281556
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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 Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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