- ADDRESS:
- 2522 NE MULTNOMAH ST Portland, OR 97232
- Price:
- $400,000
- Units:
- 2
- Acres:
- 0.09
- Unit 1:
-
3 Bed
2.0 Bath
$1,610/mo
Features: Dishwasher, Range, Refrigerator, Washer/Dryer - Unit 2:
-
3 Bed
2.0 Bath
$1,630/mo
Features: Dishwasher, Range, Refrigerator, Washer/Dryer - MLS#:
- 369599158
- Lot Size:
- 3,000 to 4,999 SqFt
- Type:
- Multi
- Zone:
- R2.5
- Yr Built:
- 1980
- Taxe/yr:
- $6,773.95
- County:
- Multnomah
- Status:
- Active
- Levels:
- 2
- Heat:
- Baseboard
- Nhood/Bldg:
- SULLIVAN'S GULCH
- View:
- Territorial
- Elem:
- Irvington
- Middle:
- Harriet Tubman
- High:
- Jefferson
- Lot Desc:
- Level
- Area:
- Portland Northeast
- Courtesy of:
- ELEETE Real Estate
- Remarks:
- Charming NE Portland duplex in the heart of the Multnomah/Lloyd District, offering both steady cash flow and an easy place to call home. Two spacious 3-bed/2-bath townhome-style units (approx. 1,200 sq. ft. each) feature in-unit washer/dryer, dishwasher, full kitchens, and functional layouts that live like single-family homes. Six off-street paved parking spaces and a level 3,924 sq. ft. R2.5 lot provide rare convenience and future flexibility in a close-in location.Investors will appreciate the 100% occupancy, stable tenant base, and “as-is” leased fee valuation of $400,000, supported by professional appraisal, in a submarket with strong incomes and ongoing demand for multifamily housing. With no known deferred major capital items and average overall condition, this is a straightforward hold with room to push rents over time.Owner-occupants and house-hackers can live in one 3-bedroom unit and offset expenses with rent from the other, all while enjoying quick access to I-84, TriMet, Lloyd Center, Fred Meyer, Providence Medical Center, and downtown Portland. The walkable, amenity-rich neighborhood, city utilities, and legal conforming zoning that allows duplex, triplex, fourplex, and multi-dwelling structures make this a rare opportunity to own versatile housing in a prime close-in location.