5505 N Minnesota Ave, Portland, OR, 97217
About This Home
2 homes on 1 lot! Both are occupied by tenants and will be sold with tenants in place. Contact agent for financials. 5500 sq ft lot. Zoning is CM2 Commercial Mixed Use per City ofPortland, buyer to verify uses. 5505 N Minnesota is 2160 sq ft, 3 bedrooms, one bathroom. 1223 N Killingsworth is 520sq ft, one bedroom, one bathroom.
Getting Around
Very Walkable
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Property condition: Existing
- Year built: 1922
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
- Construction materials: Lap Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Unfinished,Storage Space
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Wood
Heating
- Heating features: Forced Air,Radiant
Interior Area
- Total structure area: 2,680
- Total interior livable area: 2,680 sqft
Property
Details
- Parcel number: R226124
- Zoning: CM2
Lot
- Features: Corner Lot,Level,SqFt 5000 to 6999
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Multnomah County and Oregon
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,958 | $35,496 |
| Home Insurance * | $129 | $1,548 |
| Property Taxes | $497 | $5,964 |
| Electricity | $243 | $2,918 |
| Total | $3,827 | $45,924 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-12-01 | Price change | $585,000 |
| 2025-10-16 | Price change | $605,000 |
| 2025-07-18 | Price change | $625,000 |
| 2025-05-24 | Listed for sale | $650,000 |
| 2018-08-09 | Listing removed | $2,100 |
| 2018-07-05 | Listed for rent | $2,100 |
| 2013-02-13 | Listing removed | $1,695 |
| 2012-12-17 | Listed for rent | $1,695 |
| 2012-08-24 | Sold | $273,500 |
View on Zillow