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Listed by Keller Williams Realty Portland Premiere
$ 1,559,900
Est. payment /mo
New
4509 N Montana ST Portland, OR 97217
4,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $346
Subdivision Overlook
MLS Listing ID 414185190
Year Built 1943
Annual Tax Amount $9,914
Lot Size 0.400 Acres
Property Description
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!
Location
State OR
County Multnomah
Area _141
Zoning CM3
Rooms
Basement Full Basement, Partially Finished
Interior
Heating Forced Air
Exterior
View Trees Woods
Roof Type Composition
Garage No
Building
Lot Description Level
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Beach
Middle Schools Ockley Green
High Schools Jefferson
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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