$980000
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4 Bed
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4 Bath
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3496 SqFt
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3 DOM
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Built: 1925
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Status: Active
Open House
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Krishna Regupathy
Principal Broker
(503) 893-8874Prime NW Portland 4-Plex—On the pulse of NW 23rd Avenue’s electric scene—brimming with trendsetting cuisine, boutique shopping, and an unmistakable city vibe. This well-maintained 4-plex offers a rare chance to own an income-generating property in one of Portland’s most sought-after neighborhoods. Each unit offers hardwood floors, a cozy fireplace, and period details that exude timeless character. Tenants enjoy onsite amenities that contribute to strong rental appeal - a spacious layout, plenty of storage, laundry, and 2 off street parking spaces ($50/mo). Enjoy serene mornings or quiet evenings on the back deck where you’ll feel the peaceful, collaborative, community vibe. Generously maintained, recent updates include a new water heater in Unit 2 (2021), new community water heater (2022), replaced four windows (2024), community deck in back yard (2021), and all windows repaired and reglazed (2015). Zoned RM4 – Residential High Density, this property sits in the heart of Slabtown and is surrounded by some of the city’s most beloved eateries, chocolatiers, art galleries, and locally owned boutiques. In addition to its lifestyle appeal, Slabtown offers unbeatable proximity to major employment centers and medical hubs, the Pearl District, NW 23rd Avenue, and downtown Portland. The neighborhood also benefits from excellent transit access and a high Walk Score. Whether you're seeking a cash-flowing asset, a hybrid live/rent scenario, or long-term appreciation in one of Portland’s most resilient rental markets, this property presents a strategic foothold in a location that effortlessly balances old Portland soul with new Portland sophistication.
Listing Provided Courtesy of Lindsey Butler, Keller Williams PDX Central
General Information
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400940994
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3 DOM
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4
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5227.2 SqFt
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4
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3496
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1925
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RM4
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Multnomah
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R141283
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Chapman
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West Sylvan
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Lincoln
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MultiFamily
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COUCHS ADD, BLOCK 288, LOT 14
Listing Provided Courtesy of Lindsey Butler, Keller Williams PDX Central
Krishna Realty data last checked: Jun 17, 2025 18:25 | Listing last modified Jun 16, 2025 10:36,
Source:
Open House
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Sat, Jun 21st, 11AM to 1PM
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