4509 N Montana Ave, Portland, OR 97217

Investor Alert! Exceptional opportunity to own two well-maintained 4-plexes across multiple lots, including a vacant lot primed for development under Portland’s favorable RIP zoning code—all located in the highly sought-after Overlook neighborhood of North Portland. Each of the eight existing units is a spacious, single-level 1 bed / 1 bath featuring thoughtful updates, quality finishes, and strong rental appeal with clear upside potential. Tenants enjoy private entrances, efficient gas appliances and utilities, comfortable floor plans, and access to beautifully landscaped shared outdoor space—perfect for relaxing or entertaining.The oversized footprint and separate vacant lot present incredible potential to add more units or expand amenities to significantly increase long-term cash flow. Recent system and cosmetic upgrades minimize future capital expenses and ensure smooth operations. A large basement offers ample storage or possible value-add options. Ideally located near parks, public transit, and the vibrant Interstate Ave and Mississippi Ave, this is a rare chance to secure stable income and future growth in one of Portland’s most desirable rental markets!