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4509 N Montana AVE, Portland, OR 97217

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For Sale

$1,559,900

4,500 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • $346.64
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

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!
MLS# 414185190

Courtesy Of Keller Williams Realty Portland Premiere

(503) 597-2444

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Heating System
    Forced Air
  • Lot Size
    0.4 Acres
  • Rooms
    Basement

Map and Directions

Directions to 4509 N Montana AVE, Portland, OR 97217

Home seller CENTURY 21 Northstar

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Northstar

(503) 297-1014
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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