Investor Alert! Exceptional opportunity to own two well-maintained 4-plexes across multiple lots in the highly sought-after Overlook neighborhood of North Portland. Each of the eight units is a generous, single-level 1 bed / 1 bath with thoughtful updates, quality finishes, and excellent rental appeal with upside potential. Tenants enjoy private entrances, comfortable floor plans, gas appliances and utilities, and access to beautifully landscaped shared outdoor space—ideal for relaxing or entertaining. The oversized lot presents potential to add additional units or enhance existing amenities to maximize future rental income. Recent system and cosmetic upgrades help ensure efficient operations and reduced capital expenses over time. A large basement provides ample storage or value-add possibilities. Prime location just minutes from parks, public transit, and the vibrant shops and restaurants on Mississippi Ave and Interstate Ave. A rare chance to acquire strong, stable cash flow in one of Portland’s most in-demand rental markets!
Active
$1,429,900
4517 N Montana Ave, Portland, OR 97217
8beds
4,500sqft
Est.:
Multi Family
Built in 1943
-- sqft lot
$-- Zestimate®
$318/sqft
$-- HOA
What's special
Quality finishesGas appliances and utilitiesComfortable floor plansOversized lotThoughtful updates
- 41 days
- on Zillow |
- 87 |
- 5 |
Zillow last checked: 8 hours ago
Listing updated: May 21, 2025 at 05:43am
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#: 304722776

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Forced Air
Appliances
- Included: Gas Water Heater
- Laundry: Washer Dryer Hookup
Interior area
- Total structure area: 4,500
- Total interior livable area: 4,500 sqft
Video & virtual tour
Property
Features
- Stories: 1
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 0.34 Acres
- Features: Level, SqFt 10000 to 14999
Details
- Additional parcels included: R210483
- Parcel number: R210484
- Zoning: CM3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other
- Roof: Composition
Condition
- Updated/Remodeled
- 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: $318/sqft
- Annual tax amount: $9,719
- Date on market: 5/12/2025
- Listing terms: Cash,Conventional
- Total actual rent: 9755
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