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4620 Ne Lombard St, Portland, OR 97218

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For Sale

$850,000

0.29 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

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

  • Newly Listed
    Time on Century 21

  • 0.3 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

Investor Opportunity. 5-Plex in NE Portland. Unlock reliable cash flow with this well-maintained 5-unit multi-family property in a high-demand rental area of NE Portland. Situated on a large lot, the property features two buildings: One-story triplex, three units, each 2 bed / 1 bath, approx. 780 sq ft. Plus a Two-story duplex, two units, each 2 bed / 1.5 bath, approx. 800 sq ft.Property Highlights: Upside potential with market adjustments. All units on month-to-month leases, flexibility for rent increases or redevelopment plans. Owner pays water/sewer/garbage; all-electric appliances and heating. Mix of carpet, laminate, and tile flooring; washer/dryer hookups in each unit. Ample off-street parking for tenants. Long-term tenants with consistent rental history.Prime Location: Just minutes from Portland International Airport, this property offers tenants easy access to public transit, shopping, dining, schools, and major commuter routes. Nearby NE 42nd Ave and Cully Blvd provide convenient local services, while downtown Portland is an easy drive. This is a turn-key income property with stable occupancy and room for value-add improvements. Whether you re expanding your portfolio or entering the Portland multifamily market, this 5-plex delivers immediate cash flow and long-term appreciation potential. No sign on property, do not disturb tenants. Shown by appointment only,
MLS# 369379821

Courtesy Of Keller Williams Realty Portland Premiere

(503) 597-2444

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Wood Siding
  • Heating System
    Baseboard
  • Lot Size
    0.29 Acres

Map and Directions

Directions to 4620 Ne Lombard St, Portland, OR 97218

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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Monthly Payment Breakdown

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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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