5301 North Kerby Avenue, Portland, OR 97217

Value-add opportunity at 5301 N Kerby Ave in North Portland. This 2,300 SF, four-unit property combines historic character with meaningful upside through rent growth, expense optimization, and targeted capital improvements, including siding and roof updates. Built in 1912 and welllocated within the Humboldt neighborhood, the asset offers a strong foundation for investors seeking a smaller-scale multifamily with proven occupancy, clear operational potential, and additional land on the lot suitable for future development.

Located in North Portland’s Humboldt neighborhood, 5301 N Kerby Ave offers convenient access to the city’s core employment and lifestyle hubs. The area features a mix of classic single-family homes and smaller multifamily properties, providing a stable residential setting with strong rental demand. Nearby arterials—including N Killingsworth St, N Albina Ave, and Interstate 5—offer direct connectivity to downtown Portland and major retail corridors. Residents benefit from proximity to neighborhood cafés, parks, and public transit, making the location attractive to tenants seeking walkable, close-in housing.