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Listed by Keller Williams Realty Portland Premiere
$ 1,429,900
Est. payment | /mo
4,500 SqFt
$ 1,429,900
Est. payment | /mo
4,500 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $317
Subdivision Overlook
MLS Listing ID 304722776
Year Built 1943
Annual Tax Amount $9,719
Lot Size 0.340 Acres
Property Description
Investor Alert! Exceptional opportunity to own two well-maintained 4-plexes across multiple lots in the highly sought-after Overlook neighborhood of North Portland. Each of the eight units is a generous, single-level 1 bed / 1 bath with thoughtful updates, quality finishes, and excellent rental appeal with upside potential. Tenants enjoy private entrances, comfortable floor plans, gas appliances and utilities, and access to beautifully landscaped shared outdoor space—ideal for relaxing or entertaining. The oversized lot presents potential to add additional units or enhance existing amenities to maximize future rental income. Recent system and cosmetic upgrades help ensure efficient operations and reduced capital expenses over time. A large basement provides ample storage or value-add possibilities. Prime location just minutes from parks, public transit, and the vibrant shops and restaurants on Mississippi Ave and Interstate Ave. A rare chance to acquire strong, stable cash flow in one of Portland's most in-demand rental markets!
Location
State OR
County Multnomah
Area _141
Zoning CM3
Interior
Heating Forced Air
Exterior
View Trees Woods
Roof Type Composition
Garage No
Building
Lot Description Level
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Beach
Middle Schools Ockley Green
High Schools Jefferson
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://youtu.be/3prLeueaYhk
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Jennifer Maben
Broker-Owner | Lic# 970300166
9200 SE Sunnybrook Blvd. Suite 150, Clackamas, OR, 97015