OR > Portland > Overlook
Portland, OR 97217,4509 N Montana AVE
Portland, OR 97217,4509 N Montana AVE
Portland, OR 97217,4509 N Montana AVE
Portland, OR 97217,4509 N Montana AVE
Portland, OR 97217,4509 N Montana AVE
Portland, OR 97217,4509 N Montana AVE
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John Powers

John Powers

ΓEA⅃ Broker - Thrive Realty Group

+1(503) 998-1051
Listed by Keller Williams Realty Portland Premiere
$ 1,559,900
Est. payment | /mo

4,500 SqFt

Save Virtual Tour
$ 1,559,900
Est. payment | /mo
Save Virtual Tour

4,500 SqFt

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

Virtual Tour https://House

Regional Multiple Listing Service (RMLS)
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 998-1051

john@thriveinpdx.com

2175 NW Raleigh St, Portland, OR, 97210-2391, USA

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4509 N Montana AVE