$850000
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9 Bed
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5 Bath
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1560 SqFt
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1 DOM
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Built: 1974
- Status: Active
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Mohanraj Rajendran
Real Estate Agent
(503) 336-1515Investor Opportunity. 5-Plex in NE Portland. Unlock reliable cash flow with this well-maintained 5-unit multi-family property in a high-demand rental area of NE Portland. Situated on a large lot, the property features two buildings: One-story triplex, three units, each 2 bed / 1 bath, approx. 780 sq ft. Plus a Two-story duplex, two units, each 2 bed / 1.5 bath, approx. 800 sq ft.Property Highlights: Upside potential with market adjustments. All units on month-to-month leases, flexibility for rent increases or redevelopment plans. Owner pays water/sewer/garbage; all-electric appliances and heating. Mix of carpet, laminate, and tile flooring; washer/dryer hookups in each unit. Ample off-street parking for tenants. Long-term tenants with consistent rental history.Prime Location: Just minutes from Portland International Airport, this property offers tenants easy access to public transit, shopping, dining, schools, and major commuter routes. Nearby NE 42nd Ave and Cully Blvd provide convenient local services, while downtown Portland is an easy drive. This is a turn-key income property with stable occupancy and room for value-add improvements. Whether you’re expanding your portfolio or entering the Portland multifamily market, this 5-plex delivers immediate cash flow and long-term appreciation potential. No sign on property, do not disturb tenants. Shown by appointment only,
Listing Provided Courtesy of Julie Yarnall, Keller Williams Realty Portland Premiere
General Information
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369379821
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1 DOM
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9
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0.29 acres
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5
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1560
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1974
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R2
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Multnomah
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R284224
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Rigler
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Beaumont
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Leodis McDaniel
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MultiFamily
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TERESI TR, E 1/2 OF LOT 10
Listing Provided Courtesy of Julie Yarnall, Keller Williams Realty Portland Premiere
Mohan Realty Group data last checked: Aug 12, 2025 07:41 | Listing last modified Aug 11, 2025 15:44,
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