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Property Description

This seven-unit multifamily property in Portland's desirable Cully neighborhood offers an exceptional investment opportunity. The property features six spacious two-bedroom, one-bathroom units and one larger three-bedroom, one-bathroom unit with a private garage, making it ideal for a mix of tenants and potential owner-occupancy. Recent upgrades include a new roof installed five years ago and energy-efficient double-pane windows throughout, reducing long-term maintenance and improving tenant appeal. Situated in a highly sought-after area known for its vibrant community feel, the property offers easy access to parks, dining, shopping, and public transit, providing excellent livability for tenants. With strong rental demand, a desirable unit mix, and recent capital improvements, this property presents a rare opportunity for investors seeking steady income potential and long-term appreciation in one of Portland's fastest-growing neighborhoods.

Overview

Property Status
For Sale
Lot Size
0.68 Acres
MLS ID
196836946
Property Type
Multi-Family
Year Built
1975

Features & Amenities

Water Source
Public Water
Roof
Composition
Lot Features
Private
Parking
Open, Paved
Heat Type
Other
Air Conditioning
None
Sewer
Public Sewer
Elementary School
Rigler
Middle School
Beaumont
High School
Leodis McDaniel
Sales Price
$1,500,000
Real Estate Tax
$12,671/yr
Zoning
Multi

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4811 NE PRESCOTT ST

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4811 NE PRESCOTT ST

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