623 NE 74TH AVE new Save Request In-Person Tour Request Virtual Tour
Portland,OR 97213
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,688 sqft
Price per Sqft $331
MLS Listing ID 707682250
Year Built 1961
Annual Tax Amount $9,498
Tax Year 2024
Property Description
Rare multi-family opportunity in Montavilla — 623–629 NE 74th Ave, with RARE ASSUMABLE 3.4% COVERS 57% OF PURCHASE PRICE. This tidy 5-unit property sits on a 9,500 (0.22-acre lot) and delivers stabilized cashflow in a convenient NE Portland location. The asset contains a mix of 1-bedroom and 2-bedroom units, with long-standing rents and off-street parking. Well-positioned for hands-on owners, a small portfolio buyer, or if you want another asset to add, this is it! The property benefits from strong neighborhood demand, easy access to local shops, transit and schools, and straightforward value-add upside through interior updates and lease optimization. Trustee is a Licensed Real Estate Agent in Oregon.
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