Investor Alert! Exceptional opportunity to own a well-maintained 4-plex in the highly sought-after Overlook neighborhood of North Portland. Each spacious, single-level unit offers 1 bed, 1 bath with comfortable living and thoughtful updates, quality finishes, and strong rental appeal. Tenants enjoy generous floor plans, private entrances, and a beautifully landscaped shared outdoor space—perfect for relaxing or entertaining or maximize the spacious double lot which offers upside potential to build more units and maximize your rents in one location! The property features newer systems and cosmetic upgrades including gas appliances and utilities keeping operations efficient and desirable while minimizing future capital expenses. The large basement provides ample storage options or potential for added value. Prime location near parks, public transit, and vibrant Mississippi Ave and Interstate. Ideal for stable cash flow in a high-demand rental market!
Active
$729,900
4515 N Montana Ave, Portland, OR 97217
4beds
2,250sqft
Est.:
Multi Family
Built in 1943
-- sqft lot
$-- Zestimate®
$324/sqft
$-- HOA
What's special
Quality finishesComfortable livingPrivate entrancesSpacious single-level unitGenerous floor plansThoughtful updates
- 41 days
- on Zillow |
- 199 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: May 21, 2025 at 05:37am
Listed by:
Darryl Bodle 503-597-2444,
Keller Williams Realty Portland Premiere,
Kelly Christian 908-328-1873,
Keller Williams Realty Portland Premiere
Source: RMLS (OR),MLS#: 355653838

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air
Appliances
- Included: Gas Water Heater
- Laundry: Washer Dryer Hookup
Features
- Basement: Full,Partially Finished
Interior area
- Total structure area: 2,250
- Total interior livable area: 2,250 sqft
Video & virtual tour
Property
Features
- Stories: 1
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 9,583.2 Square Feet
- Features: Level, SqFt 7000 to 9999
Details
- Parcel number: R210483
- Zoning: CM3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other
- Roof: Composition
Condition
- Existing
- Year built: 1943
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Overlook
Location
- Region: Portland
Financial & listing details
- Price per square foot: $324/sqft
- Annual tax amount: $4,338
- Date on market: 5/12/2025
- Listing terms: Cash,Conventional,FHA
- Total actual rent: 4935
- Road surface type: Paved
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