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Listed by eXp Realty, LLC • 503-313-8806
$ 890,000
Est. payment /mo
Pending
623 NE 74TH AVE Portland, OR 97213
2,688 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 2,688 sqft
Price per Sqft $331
MLS Listing ID 707682250
HOA Y/N No
Year Built 1961
Annual Tax Amount $9,852
Tax Year 2025
Property Description
ASSUMABLE Option @ 3.4%. Rare opportunity to acquire a 5-unit multifamily property in the Montavilla neighborhood of NE Portland. 623–631 NE 74th Ave offers a compelling combination of location, charm, and long-term investment potential that continues to draw strong interest.Situated on an 9,500 SF (0.22-acre) lot, this well-maintained asset features a desirable mix of 1-bedroom and 2-bedroom units, along with on-site laundry, owner storage, and off-street parking—features that support strong rental retention and operational efficiency.The property is stabilized with long-standing tenants, providing immediate income, while offering clear value-add upside through interior improvements and rent optimization. This is a solid, well-located property suited for a skilled investor or portfolio buyer seeking to enhance value over time.Located in a high-demand rental area with easy access to neighborhood amenities, public transportation, schools, and major routes throughout NE Portland. Properties of this size and quality are rarely available in this submarket.Seller is a Licensed Real Estate Agent in Oregon and Trustee to the property. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10242612]
Location
State OR
County Multnomah
Area _143
Zoning R2.5
Rooms
Basement None
Interior
Heating Baseboard
Cooling None
Exterior
Roof Type Composition
Garage No
Building
Lot Description Level
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Vestal
Middle Schools Roseway Heights
High Schools Leodis Mcdaniel
Others
Acceptable Financing Assumable, Cash, Conventional
Listing Terms Assumable, Cash, Conventional
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