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  • $1,475,000

    2448 SE 117th Ave, Portland, OR 97216

    9beds
    5,899sqft
    : 
    Multi Family
    Built in 2004
    -- sqft lot
    $-- Zestimate®
    $250/sqft
    $-- HOA

    What's special

    Dedicated storage spacePartial basementPrivate decksSpacious bedrooms
    Turn-Key Multifamily Investment in Mill Park. A true opportunity to own a well-maintained, income-generating property in the desirable Mill Park neighborhood. Situated on a single tax lot, this offering includes a six-unit apartment building and a separate single-family home (blt 1938) providing both stability and versatility in one investment. The standalone home features three spacious bedrooms, two full bathrooms, and a partial basement. Each unit in the adjacent apartment building is a generously sized one-bedroom, thoughtfully designed with private decks, in-unit washer/dryers, and dedicated storage space, ensuring strong tenant appeal and retention. Located within close proximity to public transportation, schools, parks, restaurants, bakeries, and a Grocery Outlet, this property combines urban convenience with residential comfort. With low maintenance requirements, historically low turnover, and immediate cash flow, this is a truly turn-key investment in a high-demand rental market.
    73 days
    |
    106
    |
    6
    |

    Zillow last checked: 8 hours ago

    Listing updated: October 06, 2025 at 01:26am

    Listed by:

    David Columbus 503-504-2421,

    Living Room Realty

    Source: RMLS (OR),MLS#: 535479438MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 8
    • Full bathrooms: 8
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Range, Refrigerator, Washer/Dryer, Electric Water Heater
    • Laundry: Washer Dryer Hookup
    Features
    • Storage
    • Basement: Crawl Space
    Interior area
    • Total structure area: 5,899
    • Total interior livable area: 5,899 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: Off Street, Paved
    Features
    • Stories: 3
    Lot
    • Size: 0.27 Acres
    • Features: Level, SqFt 10000 to 14999
    Details
    • Parcel number: R145740
    • Zoning: RM2

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Cement Siding
    • Foundation: Concrete Perimeter
    • Roof: Composition
    Condition
    • Existing
    • Year built: 2004

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Security: Sidewalk
    • Subdivision: Mill Park
    Location
    • Region: Portland

    Financial & listing details

    • Price per square foot: $250/sqft
    • Tax assessed value: $1,357,470
    • Annual tax amount: $12,750
    • Date on market: 10/2/2025
    • Listing terms: Cash,Conventional,Owner Will Carry
    • Total actual rent: 9755
    • Road surface type: Paved
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    10/2/2025Listed for sale$1,475,000+195%$250/sqft
    Source: RMLS (OR) #535479438 Report a problem
    10/3/2024Listing removed$1,290
    Source: Zillow Rentals Report a problem
    9/23/2024Listed for rent$1,290+29.6%
    Source: Zillow Rentals Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    1/15/2020Listing removed$995
    Source: Owner Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$13,312 +4.4%$550,520 +3%
    2024$12,751 +4.5%$534,490 +3%
    2023$12,197 +5.5%$518,930 +3%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $7,404/mo
    Principal & interest
    $5720
    Property taxes
    $1168
    Home insurance
    $516

      Climate risks

      Neighborhood: Mill Park

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Mill Park
      • Middle: Floyd Light
      • High: David Douglas

      Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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