Blog Duplex Just Sold: Fabulous Mississippi District Duplex

Just Sold: Fabulous Mississippi District Duplex

By Melissa Dorman, September 3, 2024

4328 N ALBINA AVE
Portland, OR 97217

Fabulous side by side town house style duplex two blocks from the Mississippi Ave hub! Perfect owner occupant opportunity, as tenant with the garage will vacate end of June. Each unit features an open concept kitchen, SS appliances, granite counter tops, private fenced backyards, laundry rooms, with a half bath on the main and 2 full baths on the second level. One unit has a garage while the other has an additional finished 4th bedroom. With a 5.93% cap rate and great market rents, this one won’t last long! Rent on left side unit will increase to $3600 effective Aug 1, bringing cap rate to 6.71%.


7 BEDROOM | 4/2 BATHS | 3014 SQFT
Sold  08/29/2024 | $1,000,000

Melissa Dorman

Broker | OR & WA

She/They

Ten years ago, Melissa was living in a slum in Kolkata, India, helping over 200 women escape sex trafficking by providing alternative work at a social business. It was there she discovered her passion for financial education as a means of empowering people to move out of poverty. After graduating from UCLA with a Masters, Melissa spent 5 years working as a Social Worker; assisting clients facing homelessness, in jail, or at a psychiatric facility. As much as she loved the work, imagining saving for retirement on the meager salary of a social worker was becoming grim. That's when Melissa discovered "passive income." In no time, she fell in LOVE with real estate as a vehicle for wealth. Soon after, Melissa began locating off-market multi-family properties to purchase through creative financing strategies and win-win opportunities. Two years into investing, Melissa quit her day job as a Social Worker to become a full-time broker and investor. Initially, she was drawn to people in difficult circumstances, so she developed extensive experience assisting families facing foreclosure, short sales, and probate. Melissa is well versed in helping her clients overcome complex real estate challenges. Currently, Melissa is teamed up with Super Broker, Yascha Noonberg at Living Room Realty. Together they assist clients to achieve their real estate dreams, including how to strategically buy and sell a personal residence to maximize profits. Far from the slums of Kolkata, her greatest passion now is empowering other working professionals to develop passive forms of income through buying multi-family properties in Portland.
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  • T: 503-567-4697
  • melissa@livingroomre.com

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