Updated 4-Plex in the Brooklyn Neighborhood – Ideal for Investors or Owner-Occupants! Excellent opportunity to own a well-maintained and updated 4-plex in the vibrant Brooklyn neighborhood and super close to all the trendy SE Division St restaurants and shops. Each of the four units offers 2 bedrooms, 1 bathroom with 750 sq ft of comfortable living space.Recent upgrades include new flooring and fresh interior paint in each unit, new water heaters, and a newer roof, windows, and siding all contributing to lower maintenance costs and long-term value. Tenants enjoy the convenience of free on site laundry and off street parking, making these units highly desirable and easy to rent.One unit will be delivered vacant, making this a perfect fit for owner-occupied financing or for an investor looking to place a new tenant at market rent. Located close to public transit, parks, shops, and restaurants, this property combines strong rental income potential with the benefits of a growing neighborhood.Don’t miss this turnkey multifamily investment!
Active
Price cut: $16K (11/10)
$799,000
3433 SE 22nd Ave, Portland, OR 97202
8beds
3,000sqft
Est.:
Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$266/sqft
$-- HOA
What's special
Fresh interior paintNew flooringOff street parkingFree on site laundryNew water heatersNewer roof
- 79 days |
- 275 |
- 18 |
Zillow last checked: 8 hours ago
Listing updated: 16 hours ago
Listed by:
Marc Zemp 503-501-6925,
Keller Williams Sunset Corridor
Source: RMLS (OR),MLS#: 523457612
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard
Appliances
- Included: Electric Water Heater
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Property
Parking
- Total spaces: 4
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 4,791.6 Square Feet
- Features: SqFt 3000 to 4999
Details
- Parcel number: R271534
- Zoning: MultiF
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement Siding
- Roof: Composition
Condition
- Existing
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $266/sqft
- Tax assessed value: $748,540
- Annual tax amount: $8,345
- Date on market: 9/26/2025
- Listing terms: Cash,Conventional
- Total actual rent: 5550
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/10/2025 | Price change | $799,000-2%$266/sqft |
Source: | ||
| 11/3/2025 | Price change | $815,000-1.2%$272/sqft |
Source: | ||
| 10/11/2025 | Price change | $825,000-1.8%$275/sqft |
Source: | ||
| 9/27/2025 | Listed for sale | $840,000+12%$280/sqft |
Source: | ||
| 2/5/2021 | Sold | $750,000$250/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,656 +3.7% | $321,250 +3% |
| 2024 | $8,345 +4% | $311,900 +3% |
| 2023 | $8,024 +2.2% | $302,820 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,770/mo
Principal & interest
$3857
Property taxes
$633
Home insurance
$280
Climate risks
Neighborhood: Brooklyn
Nearby schools
GreatSchools rating
- 9/10Grout Elementary SchoolGrades: K-5Distance: 0.7 mi
- 7/10Hosford Middle SchoolGrades: 6-8Distance: 0.7 mi
- 7/10Cleveland High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- Elementary: Grout
- Middle: Hosford
- High: Cleveland
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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