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4811 NE Prescott St

Portland, OR 97218
  • $1,400,000
  • STATUS: Active
  • ON SITE: 96 Days
  • MLS #: 196836946
UPDATED: 68 min ago
$1,400,000
  • 0
    BEDS
  • 0.68
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1975
County:

School Information

Elementary School:
Middle School:
High School:

Description

This seven-unit multifamily property in Portland's desirable Cully neighborhood offers an exceptional investment opportunity. The property features six spacious two-bedroom, one-bathroom units and one larger three-bedroom, one-bathroom unit with a private garage, making it ideal for a mix of tenants and potential owner-occupancy. Recent upgrades include a new roof installed five years ago and energy-efficient double-pane windows throughout, reducing long-term maintenance and improving tenant appeal. Situated in a highly sought-after area known for its vibrant community feel, the property offers easy access to parks, dining, shopping, and public transit, providing excellent livability for tenants. With strong rental demand, a desirable unit mix, and recent capital improvements, this property presents a rare opportunity for investors seeking steady income potential and long-term appreciation in one of Portland's fastest-growing neighborhoods.

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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 2025-12-04T13:48:34.573.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/167437716
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4811 NE Prescott St Portland, OR 97218

  • Price: $1,400,000
  • Status: Active
  • On Site: 96 Days
  • Updated: 68 min ago
  • MLS #: 196836946
0
Beds
0
Baths
0
½ Baths
0.68
Acres
1975
Built
Neighborhood:
142-Portland Northeast
County:
Multnomah
Area:
142-Portland Northeast
Elementary School:
Rigler
Middle School:
Beaumont
High School:
Leodis Mcdaniel
Property Description
This seven-unit multifamily property in Portland's desirable Cully neighborhood offers an exceptional investment opportunity. The property features six spacious two-bedroom, one-bathroom units and one larger three-bedroom, one-bathroom unit with a private garage, making it ideal for a mix of tenants and potential owner-occupancy. Recent upgrades include a new roof installed five years ago and energy-efficient double-pane windows throughout, reducing long-term maintenance and improving tenant appeal. Situated in a highly sought-after area known for its vibrant community feel, the property offers easy access to parks, dining, shopping, and public transit, providing excellent livability for tenants. With strong rental demand, a desirable unit mix, and recent capital improvements, this property presents a rare opportunity for investors seeking steady income potential and long-term appreciation in one of Portland's fastest-growing neighborhoods.
Exterior Features

Attached Garage YN No Exterior Description Wood Siding Lot Features Private Parking Features Open Paved Parking Total 13 Roof Composition View YN No

Interior Features

Basement Crawl Space Cooling None Cooling YN No Heating Other Heating YN No

Property Features

Bank Owned YN No Fuel Description Electricity Green Certification YN No Gross Income 131617 Hot Water Description Electricity IDXAddress Display YN Yes Listing Terms Cash Conventional FHA VALoan Net Operating Income 73309 Operating Expense 57565 Property Attached YN No Rent Includes Sewer Trash Collection Water Sewer Public Sewer Short Sale YN No Tax Annual Amount 12671.11 Tax Year 2024 Water Source Public Water Zoning Multi

Listing provided courtesy of Opt: 503-714-9178.


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 2025-12-04T13:48:34.573.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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