Strong investment opportunity with immediate income potential in Montavilla! This property, situated on a double lot with excellent development upside, was purchased as a gorgeous mid-century with a shop. The home is split into two units, in addition to the shop converted into a cottage. The main home has been configured into two separate living spaces, offering seven total bedrooms – four on the main level and three on the lower – each rented individually. The former shop has been transformed into a detached one-bedroom one-bathroom unit with tall ceilings, bringing the total to eight income-producing tenants. Each unit is equipped with its own kitchen, washer/dryer, and water heater. Positioned on a spacious corner lot, this property offers significant flexibility for future expansion or redevelopment with possibility of building a new home in front of the detached extended living space. Sellers have nearly completed the lot partition – only utility adjustments to be finalized. Located in the vibrant Montavilla neighborhood with a 98 Bike Score, enjoy easy access to freeways, tons of shopping, dining, transportation, plus convenient to all that Mt Tabor has to offer! Tenant occupied, please DO NOT walk property or disturb tenants – any offer will need to be subject to interior inspection.
Listing Provided Courtesy of John McKay, Premiere Property Group, LLC
General Information
502946846
1
DOM
8
10018.8 SqFt
3
3969
1950
R5
Multnomah
R284669
Vestal
Harrison Park 4/10
Leodis McDaniel
MultiFamily
TERRACE PK, BLOCK 7, LOT 1&2
Listing Provided Courtesy of John McKay, Premiere Property Group, LLC
Krishna Realty data last checked: Mar 20, 2026 01:41 | Listing last modified Mar 19, 2026 18:29,
Source:
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Residence Information
3969
8
3
Composition,Metal
Driveway
2
1950
No
Brick, WoodSiding
Finished
Finished
ConcretePerimeter
Features and Utilities
CentralAir, MiniSplit
Electricity, Gas
ForcedAir, MiniSplit
PublicSewer
Electricity, Gas
Electricity, Gas
Financial
8819.06
None
Cash,Conventional
03-19-2026
No
No
Comparable Information
1
1
Cash,Conventional
$800,000
$800,000
Mar 19, 2026 18:29
Schools
Elementary : VestalN/ARatingspublic Middle : Harrison Park
4/10Ratings High : Leodis McDanielN/ARatings
Strong investment opportunity with immediate income potential in Montavilla! This property, situated on a double lot with excellent development upside, was purchased as a gorgeous mid-century with a shop. The home is split into two units, in addition to the shop converted into a cottage. The main home has been configured into two separate living spaces, offering seven total bedrooms – four on the main level and three on the lower – each rented individually. The former shop has been transformed into a detached one-bedroom one-bathroom unit with tall ceilings, bringing the total to eight income-producing tenants. Each unit is equipped with its own kitchen, washer/dryer, and water heater. Positioned on a spacious corner lot, this property offers significant flexibility for future expansion or redevelopment with possibility of building a new home in front of the detached extended living space. Sellers have nearly completed the lot partition – only utility adjustments to be finalized. Located in the vibrant Montavilla neighborhood with a 98 Bike Score, enjoy easy access to freeways, tons of shopping, dining, transportation, plus convenient to all that Mt Tabor has to offer! Tenant occupied, please DO NOT walk property or disturb tenants – any offer will need to be subject to interior inspection.
