Purpose-built, side-by-side duplex in Rose City Park, not a converted single-family, but two mirrored units designed to function independently from the start. Each side offers 2 bedrooms and 1 bathroom plus a lower-level family room. You also get an attached one-car garage and one parking space in the driveway for each unit. They are both currently rented at $1,417/month with long-term tenants in place. Renters are month-to-month, so a seller can give notice ahead of closing, a real advantage for a buyer who wants to occupy one unit and let the other continue producing income from day one. The roof is approximately 10 years old, and each unit has its own solar array, owned outright, not leased, so a buyer inherits lower utility costs with no ongoing solar payment. New exterior paint. This is a duplex that works for an owner-occupant or a buy-and-hold investor. HES-7 [Home Energy Score = 7. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10252113]
Rose City Park, located between NE Sandy Blvd and I-84, is a residential and garden-like Portland neighborhood with curving streets and early-20th-century homes. The neighborhood’s character concentrates around the NE Sandy Blvd and NE 57th Ave crossroads, where low-slung storefronts, patios, and steady foot traffic set a casual, local rhythm. Rose City Book Pub, The Zipper, and Screen Door Eastside anchor the area with books-and-pints energy, food-hall bustle, and a long-brunch soundtrack. Tudor Revivals and Craftsman bungalows line the interior blocks, broken up by pocket parks and mature street trees. Rose City Park itself adds ballfields, a playground, and open lawn that shapes daily routines. Sandy’s diagonal corridor keeps the geography legible, linking the neighborhood’s quiet grid to Montavilla and Hollywood.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Finished basement
Storage in basement and garages
Wood floors
Bedrooms
Each unit has 2 bedrooms
Bathrooms
Each unit has 1 bathroom
Kitchen
Range included in each unit
Laundry & utility
Washer/dryer included in each unit
Washer/dryer hookups available
Flooring
Wood floors
Heating & cooling
Forced air heating
No central cooling
Electric hot water
Exterior features
Brick and wood siding exterior
Corner lot
Paved road access
Home design
Multi-family property
Not attached to another property
Built in 1954
Parking
Driveway
Garage (2 garage spaces total)
4 total parking spaces
Construction
Composition roof
Concrete perimeter foundation
Utilities
Public water
Public sewer
Gas fuel
Financial info
Two-unit building
Each unit currently rents for $1,417
Gross rent multiplier 17.64
Cap rate 3.91
Trash collection included in rent
Other
Zoning: R2
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Multnomah County
APN
R260325
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Sep 12, 2026.
RM1
H
Residential Multi-Dwelling 1 Zone
The RM1 zone is a low-scale multi-dwelling zone that is generally applied in locations intended to provide a transition in scale to single-dwelling residential areas, such as the edges of mixed-use centers and civic corridors, and along or near neighborhood corridors. Allowed housing is characterized by one to three story buildings that relate to the patterns of residential neighborhoods, but at a somewhat larger scale and building coverage than allowed in the single-dwelling zones. The major types of new development will be duplexes, triplexes, rowhouses, courtyard housing, small apartment buildings, and other relatively small-scale multi-dwelling and small-lot housing types that are compatible with the characteristics of Portland's residential neighborhoods.
Zone overlays
Aircraft Landing Zone
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 91° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
19 unhealthy days expected this year, 21 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97213
Average low and high temperatures (°F)
47
36
49
37
57
42
65
44
71
50
77
54
83
58
84
61
76
56
63
47
53
43
50
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
83/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.4 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5508 NE Fremont St
$600,721
$721 over list price of $600K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $605K to $728K.