Investment opportunity! All apartments remodeled (2 down to studs). All new windows. Four apartments total. Two 2 bedroom apartments, 1 studio, and one 1 bedroom apartment. Ambient floor heating in two apartments!! One apartment has Velux skylights with solar powered shades. Truly special for a rental, as are all units, in their own way. Great use of space in all apartments. No known issues that have not been addressed. No deferred maintenance. Aluminum siding has no required maintenance. Basement waterproofed and french drains to take care of rain. Newer roof. Off street parking for two cars (with all concrete being re-done last year at great expense), nice sized backyard, storage for each unit in basement, where there is a coin operated laundry (modern commercial Maytag machines). Blocks to Broadway; shops, restaurants, transit. Vacant units (on the rare occasions tenants leave) rent in hours to days, with just a few showings, because the apartments are so nice and unique. All tenants are truly fantastic and carefully selected. This is truly a rare rental property.
Do note that the concrete (driveway, retaining walls) have been totally re-done (in front) and the google picture of the front view is old (pre-repair). The house next to this building is totally redone and in great shape, and does not look like the "google view" would suggest. The neighborhood is great!!!!
Great cash flow... Live in one unit. Rent out the rest? It pays your mortgage...
Please do NOT disturb tenants.
2% commission to buyers agents or any realtor that brings me a client who closes. Priced below market value to reflect direct sale. I as the owner am happy to sign a binding legal document to this effect, prior to making a direct sale via a realtor/buyer agent.
I Peter (as the long time owner) am happy to provide leases (gross/net income figures), yearly repairs, etc. to the serious buyer.
Please text for details at 914-391-5642
Off market
$779,800
2634 NE Multnomah St, Portland, OR 97232
5beds
2,792sqft
MultiFamily
Built in 1906
-- sqft lot
$779,800 Zestimate®
$279/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced air, Radiant, Wall
Features
- Basement: Unfinished
- Has fireplace: Yes
Interior area
- Total interior livable area: 2,792 sqft
Property
Features
- Exterior features: Metal
Lot
- Size: 5,000 sqft
Details
- Parcel number: R181992
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1906
Community & neighborhood
Location
- Region: Portland
Services availability

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Estimated market value
$779,800