4620 NE LOMBARD ST

Portland, 97218

  • 9 Bed

  • 5 Bath

  • 1560 SqFt

  • 2 DOM

  • Built: 1974

  • Status: Active

$850,000

X

4620 NE LOMBARD ST

Portland 97218

$850000

  • 9 Bed

  • 5 Bath

  • 1560 SqFt

  • 2 DOM

  • Built: 1974

  • Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

Investor Opportunity. 5-Plex in NE Portland. Unlock reliable cash flow with this well-maintained 5-unit multi-family property in a high-demand rental area of NE Portland. Situated on a large lot, the property features two buildings: One-story triplex, three units, each 2 bed / 1 bath, approx. 780 sq ft. Plus a Two-story duplex, two units, each 2 bed / 1.5 bath, approx. 800 sq ft.Property Highlights: Upside potential with market adjustments. All units on month-to-month leases, flexibility for rent increases or redevelopment plans. Owner pays water/sewer/garbage; all-electric appliances and heating. Mix of carpet, laminate, and tile flooring; washer/dryer hookups in each unit. Ample off-street parking for tenants. Long-term tenants with consistent rental history.Prime Location: Just minutes from Portland International Airport, this property offers tenants easy access to public transit, shopping, dining, schools, and major commuter routes. Nearby NE 42nd Ave and Cully Blvd provide convenient local services, while downtown Portland is an easy drive. This is a turn-key income property with stable occupancy and room for value-add improvements. Whether you’re expanding your portfolio or entering the Portland multifamily market, this 5-plex delivers immediate cash flow and long-term appreciation potential. No sign on property, do not disturb tenants. Shown by appointment only,

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Residence Information

  • 1560

  • 9

  • 5

  • Composition

  • Assigned

  • 1974

  • No

  • WoodSiding

  • CrawlSpace

  • CrawlSpace

Features and Utilities

  • Electricity

  • Baseboard, WallHeater

  • PublicSewer

  • Electricity

  • Electricity

Financial

  • 7756.37

  • Sewer,TrashCollection,Water

  • CallListingAgent

  • 08-11-2025

  • No

  • No

Comparable Information

  • 2

  • 2

  • CallListingAgent

  • $850,000

  • $850,000

  • Aug 13, 2025 01:18

Schools

public Elementary : Rigler 2/10 Ratings
Middle : Beaumont N/A Ratings
High : Leodis McDaniel N/A Ratings

Map

Listing courtesy of Keller Williams Realty Portland Premiere.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Krishna Realty data last checked: Aug 13, 2025 05:54 | Listing last modified Aug 13, 2025 01:18. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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