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7502 N Williams Ave, Portland, OR, 97217

6beds
3baths
1,872sqft
$550,000
$294price/sqft
$3,546/moest. monthly cost
$141,840/yrincome needed

About This Home

Investment opportunity with owner-occupant potential! This well-maintained duplex offers the ideal combination of dependable rental income, low-maintenance ownership, and an exceptional North Portland location. Built in 2003 with durable vinyl siding and easy-care landscaping, the property has an excellent lease history and has consistently attracted quality tenants. Each spacious unit offers approximately 936 square feet with 2 bedrooms, 1 bath, an attached garage, and a practical, comfortable floor plan designed for everyday living. One residence features direct garage-to-home access and enjoys a quieter orientation away from Lombard Avenue.Ideal for investors seeking a proven income property or buyers looking to offset their mortgage by living in one unit while renting the other. Owner-occupants may benefit from more favorable financing options than are typically available for non-owner-occupied investment properties.Positioned at one of North Portland's most connected locations, this duplex offers exceptional convenience for commuters and tenants alike. Located on the bus line and just minutes to MAX Light Rail, Fred Meyer, New Seasons Market, the vibrant Williams Corridor, Mississippi Avenue, and Fremont's popular restaurants, cafés, breweries, and boutiques. With quick access to downtown Portland, St. Johns, and Portland International Airport, it's easy to see why this location continues to be in demand.Whether you're expanding your investment portfolio or purchasing your first income property, this is a rare opportunity to own a quality duplex in one of North Portland's most desirable and consistently sought-after rental markets.Property HighlightsBuilt in 2003Duplex – Two 2 Bedroom / 1 Bath Units936 SF Per Unit | 1,872 SF TotalAttached GaragesExcellent Rental & Lease HistoryOutstanding Owner-Occupant OpportunityPotential for More Favorable Owner-Occupied FinancingLow-Maintenance Vinyl SidingEasy-Care LandscapingDirect Garage-to-Home Access

Getting Around

70
WalkingSomewhat Walkable
53
TransitGood Transit
96
BikeBiker's Paradise

Schools

9/10
8/10
Ockley GreenGrades 6-81.0 mi
5/10
Jefferson High SchoolGrades 9-121.1 mi

Construction

Condition

  • Property condition: Existing
  • Year built: 2003

Materials

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Range,Refrigerator,Electric Water Heater

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3
  • Full bathrooms: 3

Heating

  • Heating features: Baseboard

Interior Area

  • Total structure area: 1,872
  • Total interior livable area: 1,872 sqft

Property

Details

  • Parcel number: R517242
  • Zoning: Res

Features

  • Stories: 2
  • Has view: Yes
  • View description: City

Lot

  • Lot size: 4,791 sqft
  • Features: Corner Lot,Level,On Busline,SqFt 3000 to 4999

Parking

  • Total spaces: 2
  • Parking features: Driveway,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • 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
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in Multnomah County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

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

MonthlyAnnual
Mortgage $2,781$33,372
Home Insurance *$122$1,464
Property Taxes $467$5,604
Electricity $176$2,119
Total$3,546$42,552
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$121,577/yr
40% on housing$106,380/yr
45% on housing$94,560/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

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.

Insurance Growth Rate5-year average: 4.7%
4.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$294This listing

vs Other Active Listings

Avg $/sqft

ZIP 97217$223
Multnomah County$244

vs Homes Sold Last Month

Median $/sqft

ZIP 97217$279
Multnomah County$288

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)

Price History

DateEventPrice
2026-07-31Listed for sale$550,000
2017-03-10Sold$425,000
2017-02-01Pending sale$415,000
2017-01-19Price change$415,000
2016-09-24Price change$425,000
2016-09-08Price change$449,400
2016-08-22Listed for sale$449,900
2010-12-16Listing removed$229,900
2010-11-06Price change$229,900
2010-10-27Price change$239,900
2010-10-14Listed for sale$249,900
2009-12-30Sold$192,500
2009-11-18Price change$210,000
2009-10-09Listed for sale$225,000
2003-02-28Sold$170,000

For Sale by Agent

AgentErnest Cooper
BrokerageCooper Realty LLC

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