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Off market
  • $808,700

    2634 NE Multnomah St, Portland, OR 97232

    5beds
    2,792sqft
    MultiFamily
    Built in 1906
    -- sqft lot
    $-- Zestimate®
    $290/sqft
    $4,171 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $4,171/mo

    Zestimate® history
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    What's special

    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

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    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

    Price history

    DateEventPrice
    6/23/2021Listing removed--
    Source: Owner Report a problem
    6/19/2021Listed for sale$975,000+125.6%$349/sqft
    Source: Owner Report a problem
    2/9/2010Sold$432,235-3.7%$155/sqft
    Source: Public Record Report a problem
    10/23/2009Listed for sale$449,000+130.3%$161/sqft
    Source: Coldwell Banker Barbara Sue Seal #9081826 Report a problem
    9/25/2001Sold$195,000$70/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,140 +3.7%$264,990 +3%
    2024$6,884 +4%$257,280 +3%
    2023$6,619 +2.2%$249,790 +3%

    Find assessor info on the county website

    Neighborhood: Sullivan's Gulch

    Nearby schools

    GreatSchools rating
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