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Listed by Keller Williams PDX Central
$ 980,000
Est. payment | /mo
3,496 SqFt
$ 980,000
Est. payment | /mo
3,496 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,496 sqft
Price per Sqft $280
Subdivision Northwest District - Slabtown
MLS Listing ID 400940994
Year Built 1925
Annual Tax Amount $12,055
Tax Year 2024
Lot Size 5,227 Sqft
Property Description
Prime NW Portland 4-Plex—On the pulse of NW 23rd Avenue's electric scene—brimming with trendsetting cuisine, boutique shopping, and an unmistakable city vibe. This well-maintained 4-plex offers a rare chance to own an income-generating property in one of Portland's most sought-after neighborhoods. Each unit offers hardwood floors, a cozy fireplace, and period details that exude timeless character. Tenants enjoy onsite amenities that contribute to strong rental appeal - a spacious layout, plenty of storage, laundry, and 2 off street parking spaces ($50/mo). Enjoy serene mornings or quiet evenings on the back deck where you'll feel the peaceful, collaborative, community vibe. Generously maintained, recent updates include a new water heater in Unit 2 (2021), new community water heater (2022), replaced four windows (2024), community deck in back yard (2021), and all windows repaired and reglazed (2015). Zoned RM4 – Residential High Density, this property sits in the heart of Slabtown and is surrounded by some of the city's most beloved eateries, chocolatiers, art galleries, and locally owned boutiques. In addition to its lifestyle appeal, Slabtown offers unbeatable proximity to major employment centers and medical hubs, the Pearl District, NW 23rd Avenue, and downtown Portland. The neighborhood also benefits from excellent transit access and a high Walk Score. Whether you're seeking a cash-flowing asset, a hybrid live/rent scenario, or long-term appreciation in one of Portland's most resilient rental markets, this property presents a strategic foothold in a location that effortlessly balances old Portland soul with new Portland sophistication.
Location
State OR
County Multnomah
Community Alllandscaping, Commons, Laundry
Area _148
Zoning RM4
Rooms
Basement Full Basement, Storage Space
Interior
Heating Forced Air
Exterior
Community Features AllLandscaping, Commons, Laundry
Roof Type Composition
Garage No
Building
Lot Description Commons
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Chapman
Middle Schools West Sylvan
High Schools Lincoln
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
