Charming 8-unit community on Portlands Iconic NW 23rd Avenue! The apartments feature 9 foot ceilings, wood floors and fireplaces. The property maintains its original aesthetic but received all new siding in October of 2019. Walk to countless restaurants and shops, or hop on public transit right outside the front door. Short-term rentals are possible, Buyer to check with city. Perfect for owner-occupancy, or create an ideal live-work lifestyle w/your balcony overlooking 23rd.
Off market
$1,334,300
1601 NW 23rd Ave, Portland, OR 97210
8beds
5,500sqft
MultiFamily
Built in 1904
-- sqft lot
$1,334,300 Zestimate®
$243/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Other, Electric
Cooling
- Other
Appliances
- Included: Range / Oven, Refrigerator
- Laundry: Common Area
Features
- Flooring: Tile, Linoleum / Vinyl
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 5,500 sqft
Property
Features
- Patio & porch: Deck
- Exterior features: Composition
- Has view: Yes
- View description: City
Lot
- Features: Corner Lot, Views, Near Public Transit, Light Rail
Details
- Zoning: CM2
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Existing
- Year built: 1904
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & neighborhood
Security
- Security features: Security Lights
Location
- Region: Portland
HOA & financial
Other financial information
- Total actual rent: 7990
Other
Other facts
- ViewYN: true
- Sewer: Public Sewer
- WaterSource: Public
- Appliances: Refrigerator, Gas Water Heater, Range
- FireplaceYN: true
- Heating: Other
- HeatingYN: true
- Utilities: Natural Gas Connected
- PatioAndPorchFeatures: Deck
- Basement: Full, Storage Space
- FoundationDetails: Slab
- ConstructionMaterials: Wood Siding
- NumberOfUnitsTotal: 8
- Roof: Composition
- LotFeatures: Corner Lot, Views, Near Public Transit, Light Rail
- LeaseTerm: Month To Month
- FarmLandAreaUnits: Square Feet
- RentIncludes: Water, Sewer, Gas, Electricity, Trash Collection, Maintenance Grounds
- Zoning: CM2
- LaundryFeatures: Common Area
- SecurityFeatures: Security Lights
- RoadSurfaceType: Concrete
- CapRate: 5.08
- View: City
- PropertyCondition: Existing
- MlsStatus: Active
- OperatingExpense: 39188
- DistanceToBusNumeric: 0.00
- DistanceToShoppingNumeric: 0.00
- CommunityFeatures: Restaurants, Shopping, Bars, Gyms, Yoga
- GrossIncome: 153120
- GrossScheduledIncome: 155417
- NetOperatingIncome: 106599
- TotalActualRent: 7990
- Road surface type: Concrete
Services availability

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Estimated market value
$1,334,300