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2165 NE Multnomah St

Portland, OR 97232
  • $1,075,000
  • STATUS: Active
  • ON SITE: 14 Days
  • MLS #: 234723779
UPDATED: 36 min ago
$1,075,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,552
    SQFT
  • $236
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1975
County:

School Information

Elementary School:
Middle School:
High School:

Description

Ideally situated in the highly sought-after Sullivan's Gulch neighborhoodjust south of NE Broadway's coffee shops, restaurants, boutiques, and light railthis four-unit property combines strong rental income with an unbeatable location. Tenants love the spacious, townhouse-style layouts, private outdoor spaces, in-unit laundry, decks/patios & off-street parking. Brand new Studio unit was added in 2023, equipped with Sprinkler System. With reliable renters and a proven income record, this is a rare opportunity to own a stable, low-maintenance investment in one of Portland's most desirable close-in locations. Please do not disturb the tenants.

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Listing content is copyright © 2025 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Central Oregon Home Pros | KW are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-12-05T09:48:21.873.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Central Oregon Home Pros | KW and should be independently verified.
www.buysellcentraloregon.com/homes/170254971
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2165 NE Multnomah St Portland, OR 97232

  • Price: $1,075,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 36 min ago
  • MLS #: 234723779
0
Beds
0
Baths
0
½ Baths
0.12
Acres
4,552
SQFT
$236
$/SQFT
1975
Built
Neighborhood:
Sullivan's Gulch
County:
Multnomah
Area:
142-Portland Northeast
Elementary School:
Irvington
Middle School:
Harriet Tubman
High School:
Grant
Property Description
Ideally situated in the highly sought-after Sullivan's Gulch neighborhoodjust south of NE Broadway's coffee shops, restaurants, boutiques, and light railthis four-unit property combines strong rental income with an unbeatable location. Tenants love the spacious, townhouse-style layouts, private outdoor spaces, in-unit laundry, decks/patios & off-street parking. Brand new Studio unit was added in 2023, equipped with Sprinkler System. With reliable renters and a proven income record, this is a rare opportunity to own a stable, low-maintenance investment in one of Portland's most desirable close-in locations. Please do not disturb the tenants.
Exterior Features

Attached Garage YN No Exterior Description Cedar Stone T111 Siding Lot Features Level Lot Size Dimensions 50' x 100' Parking Features Assigned Off Street Parking Total 2 Road Surface Type Paved Roof Composition View YN No

Interior Features

Basement Daylight Finished Cooling YN No Heating Baseboard Heating YN Yes

Property Features

Association YN No Bank Owned YN No Community Features All Landscaping Fuel Description Electricity Green Certification YN No Gross Income 92520 High School2 Jefferson Hot Water Description Electricity IDXAddress Display YN Yes Listing Terms Cash Conventional Net Operating Income 56507 Operating Expense 33237 Property Attached YN No Property Condition Updated Remodeled Rent Includes Maintenance Grounds Sewer Trash Collection Water Sewer Public Sewer Short Sale YN No Storage Basement Tax Annual Amount 16932.94 Tax Year 2024 Water Source Public Water Zoning R2.5

Listing provided courtesy of Township Properties Real Estate LLC: .


Listing content is copyright © 2025 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Central Oregon Home Pros | KW are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-12-05T09:48:21.873.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Central Oregon Home Pros | KW and should be independently verified.
 
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