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4517 N Montana Ave
Portland, OR 97217
TWO 1bd/1.0bth 4plexes · Multifamily Property For Sale · 8 Units

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EXECUTIVE SUMMARY

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!

PROPERTY FACTS

Price Per Unit $162,488
Sale Type Investment
Cap Rate 6.93%
No. Units 8
Property Type Multifamily
Lot Size 0.22 AC
Building Size 4,504 SF
No. Stories 1
Year Built 1943
Zoning CM3

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 8 $1,263 563

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R210483
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$167,000
  • Listing ID: 35942880

  • Date on Market: 5/21/2025

  • Last Updated:

  • Address: 4517 N Montana Ave, Portland, OR 97217

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