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  • Price cut: $16K (11/10)
    $799,000

    3433 SE 22nd Ave, Portland, OR 97202

    8beds
    3,000sqft
    : 
    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
    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!
    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#: 523457612MLS Logo

    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
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    11/10/2025Price change$799,000-2%$266/sqft
    Source: RMLS (OR) #523457612 Report a problem
    11/3/2025Price change$815,000-1.2%$272/sqft
    Source: RMLS (OR) #523457612 Report a problem
    10/11/2025Price change$825,000-1.8%$275/sqft
    Source: RMLS (OR) #523457612 Report a problem
    9/27/2025Listed for sale$840,000+12%$280/sqft
    Source: RMLS (OR) #523457612 Report a problem
    2/5/2021Sold$750,000$250/sqft
    Source: RMLS (OR) #20560307 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax 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
      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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