Fantastic 5-Plex Investment Opportunity in the Heart of NE Portland. Located on a prominent corner lot at the intersection of Sullivan’s Gulch and Grant Park, this versatile 5-plex offers an exceptional opportunity for investors or owner-occupants. The property features a mix of 1-, 2-, and 3-bedroom units, 4 units currently rented under market value—providing significant upside potential. Each spacious unit includes large bedroom(s), generous living areas, in-unit washer and dryer. Brand NEW roof ensures peace of mind and long-term value. Come with detached 3-bay garage with development potential or additional income opportunities. Please do not disturb tenants. All units are occupied. Offer pending interior inspections.
Active
$1,190,000
2634 NE Broadway St, Portland, OR 97232
8beds
5,420sqft
Est.:
Multi Family
Built in 1925
-- sqft lot
$1,147,500 Zestimate®
$220/sqft
$-- HOA
What's special
Spacious unitIn-unit washer and dryerCorner lotProminent corner lot
- 68 days
- on Zillow |
- 436 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: July 25, 2025 at 05:18am
Listed by:
Wenyan Zhu 503-729-8208,
Crestview Realty, LLC
Source: RMLS (OR),MLS#: 171281869

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Zoned
Cooling
- Window Unit(s)
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Washer/Dryer, Electric Water Heater
Features
- Basement: None
Interior area
- Total structure area: 5,420
- Total interior livable area: 5,420 sqft
Property
Parking
- Total spaces: 3
- Parking features: Detached, Garage
- Garage spaces: 3
Features
- Stories: 3
- Has view: Yes
- View description: City
Lot
- Size: 3,920.4 Square Feet
- Features: Corner Lot, SqFt 3000 to 4999
Details
- Parcel number: R128184
- Zoning: CM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Foundation: Concrete Perimeter, Slab
- Roof: Flat
Condition
- Existing
- Year built: 1925
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Sullivans Gulch
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $220/sqft
- Tax assessed value: $1,191,190
- Annual tax amount: $16,154
- Date on market: 5/23/2025
- Listing terms: Cash,Conventional,FHA
- Total actual rent: 7990
- Road surface type: Concrete
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