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4811/4823 NE Prescott St, Portland, OR 97218

$1,400,000

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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.

4811/4823 NE Prescott St | MLS# 395703257

This multi-family property located at 4811/4823 NE Prescott St, Portland, OR 97218 is currently listed for sale with an asking price of $1,400,000. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Cooling: None
Fuel Type: Electricity
Heating: Other
Roof Type: Composition
Taxes: $13,143
Year Built: 1975

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, WasherDryerHookup
Rent: $1700.00
Square Footage: 790
Total Units: 6
Unit Type 2:
Bathroom(s): 1
Bedrooms: 3
Features: Dishwasher, WasherDryerHookup
Rent: $1775.00
Square Footage: 910
Total Units: 1

Feature Descriptions

Days on Site: 34
Exterior: Wood Siding
Gross Income: $131617.00 (Actual)
Hot Water: Electricity
Lot: Private
Net Income: $73309.00 (Actual)
Operating Expenses: $57565.00 (Actual)
Parking: Open, Paved
Parking Notes: Open, Paved
Sewer: Public Sewer
Units: 7
Water: Public Water

Local Schools

High School: Leodis McDaniel
Middle School: Beaumont
Elementary School: Rigler

Listed By / Shown By

Listed By

Agency Name: Opt
Agency Contact: 503-714-9178

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 8,582.75 per month $7,079.16 Principal & Interest $1,095.25 Property Tax $408.33 Homeowner's Insurance

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