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4515 N Montana Ave
Portland, OR 97217
4515 N Montana Ave 4-Plex · Multifamily Property For Sale
·
4 Units
EXECUTIVE SUMMARY
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!
PROPERTY FACTS Under Contract
| Price Per Unit | $164,975 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 2,250 SF |
| Cap Rate | 6.98% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1943/2017 |
| Zoning | CM3 | ||
| Price Per Unit | $164,975 |
| Sale Type | Investment |
| Cap Rate | 6.98% |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.22 AC |
| Building Size | 2,250 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1943/2017 |
| Zoning | CM3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,273 | 563 |
PROPERTY TAXES
| Parcel Number | R210483 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $167,000 |
PROPERTY TAXES
Parcel Number
R210483
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$167,000
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