- ADDRESS:
- 623 NE 74TH AVE Portland, OR 97213
- Price:
- $890,000
- Units:
- 5
- Unit 1:
- 2 Bed 1.0 Bath $1,245/mo
- Unit 2:
- 2 Bed 1.0 Bath $1,420/mo
- Unit 3:
- 1 Bed 1.0 Bath $1,175/mo
- Unit 4:
- 1 Bed 1.0 Bath $1,200/mo
- Unit 5:
- 1 Bed 1.0 Bath $1,100/mo
- MLS#:
- 707682250
- Lot Size:
- 5,000 to 6,999 SqFt
- Type:
- Multi
- Zone:
- R2.5
- Yr Built:
- 1961
- Taxe/yr:
- $9,498.71
- County:
- Multnomah
- Status:
- Active
- Levels:
- 1
- Heat:
- Baseboard
- Elem:
- Vestal
- Middle:
- Roseway Heights
- High:
- Leodis McDaniel
- Lot Desc:
- Level
- Area:
- Portland Southeast
- Courtesy of:
- eXp Realty, LLC
- Remarks:
- Rare multi-family opportunity in Montavilla — 623–629 NE 74th Ave, with RARE ASSUMABLE 3.4% COVERS 57% OF PURCHASE PRICE. This tidy 5-unit property sits on a 9,500 (0.22-acre lot) and delivers stabilized cashflow in a convenient NE Portland location. The asset contains a mix of 1-bedroom and 2-bedroom units, with long-standing rents and off-street parking. Well-positioned for hands-on owners, a small portfolio buyer, or if you want another asset to add, this is it! The property benefits from strong neighborhood demand, easy access to local shops, transit and schools, and straightforward value-add upside through interior updates and lease optimization. Trustee is a Licensed Real Estate Agent in Oregon.