Investor Alert! Exceptional opportunity to own two well-maintained 4-plexes across multiple lots, including a vacant lot primed for development under Portland’s favorable RIP zoning code—all located in the highly sought-after Overlook neighborhood of North Portland. Each of the eight existing units is a spacious, single-level 1 bed / 1 bath featuring thoughtful updates, quality finishes, and strong rental appeal with clear upside potential. Tenants enjoy private entrances, efficient gas appliances and utilities, comfortable floor plans, and access to beautifully landscaped shared outdoor space—perfect for relaxing or entertaining.The oversized footprint and separate vacant lot present incredible potential to add more units or expand amenities to significantly increase long-term cash flow. Recent system and cosmetic upgrades minimize future capital expenses and ensure smooth operations. A large basement offers ample storage or possible value-add options. Ideally located near parks, public transit, and the vibrant Interstate Ave and Mississippi Ave, this is a rare chance to secure stable income and future growth in one of Portland’s most desirable rental markets!
Listing Provided Courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere
General Information
414185190
35
DOM
5
0.4 acres
5
4500
1943
CM3
Multnomah
R210484
Beach 4/10
Ockley Green 1/10
Jefferson 4/10
MultiFamily
in listing office
Listing Provided Courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere
Krishna Realty data last checked: Aug 02, 2025 00:47 | Listing last modified Jun 16, 2025 11:01,
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Residence Information
4500
5
5
Composition
1943
No
Other
FullBasement,PartiallyFinished
FullBasement,Partial
Features and Utilities
Electricity
ForcedAir
PublicSewer
Electricity
Gas
Financial
9914.22
None
Cash,Conventional
05-12-2025
Yes
No
Comparable Information
35
82
Cash,Conventional
$1,559,900
$1,559,900
Jun 16, 2025 11:01
Schools
public Elementary : Beach
4/10Ratingspublic Middle : Ockley Green
1/10Ratingspublic High : Jefferson
4/10Ratings
Investor Alert! Exceptional opportunity to own two well-maintained 4-plexes across multiple lots, including a vacant lot primed for development under Portland’s favorable RIP zoning code—all located in the highly sought-after Overlook neighborhood of North Portland. Each of the eight existing units is a spacious, single-level 1 bed / 1 bath featuring thoughtful updates, quality finishes, and strong rental appeal with clear upside potential. Tenants enjoy private entrances, efficient gas appliances and utilities, comfortable floor plans, and access to beautifully landscaped shared outdoor space—perfect for relaxing or entertaining.The oversized footprint and separate vacant lot present incredible potential to add more units or expand amenities to significantly increase long-term cash flow. Recent system and cosmetic upgrades minimize future capital expenses and ensure smooth operations. A large basement offers ample storage or possible value-add options. Ideally located near parks, public transit, and the vibrant Interstate Ave and Mississippi Ave, this is a rare chance to secure stable income and future growth in one of Portland’s most desirable rental markets!
