Portland, OR 97232,2165 NE MULTNOMAH ST
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Portland, OR 97232,2165 NE MULTNOMAH ST
Portland, OR 97232,2165 NE MULTNOMAH ST
Portland, OR 97232,2165 NE MULTNOMAH ST
Portland, OR 97232,2165 NE MULTNOMAH ST
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Nataliya Zakharov

Nataliya Zakharov

+1(503) 358-8487
Listed by Township Properties Real Estate LLC
$ 1,075,000
Est. payment /mo
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Pending

2165 NE MULTNOMAH ST Portland, OR 97232

4,552 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 4,552 sqft

Price per Sqft $236

Subdivision Sullivan'S Gulch

MLS Listing ID 234723779

HOA Y/N No

Year Built 1975

Annual Tax Amount $16,932

Tax Year 2024

Lot Size 5,227 Sqft

Property Description

Originally a tri-plex, this property was thoughtfully converted into a four-plex in 2023 with a $109,000 capital investment—adding an additional income-generating unit and enhancing the building's long-term value. The new unit is fully permitted & is 100% code-compliant. It includes a sprinkler system, enhancing both safety and peace of mind. Ideally situated in the highly sought-after Sullivan's Gulch neighborhood, just south of NE Broadway's coffee shops, restaurants, boutiques, and light rail, this four-unit property combines strong rental income with an unbeatable location. With reliable renters & a proven income record, this is a rare opportunity to own a stable, low-maintenance investment in one of Portland's most desirable close-in locations. At a 5.26% cap rate & 11.26 GRM, this property provides steady cash flow from day one. With current market rents & historically low turnover, investors can expect consistent returns & long-term value growth. Please do not disturb tenants.

Location

State OR

County Multnomah

Community Alllandscaping

Area _142

Zoning R2.5

Rooms

Basement Daylight, Finished

Interior

Heating Baseboard

Exterior

Community Features AllLandscaping

Roof Type Composition

Garage No

Building

Lot Description Level

Story 3

Sewer Public Sewer

Water Public Water

Level or Stories 3

Schools

Elementary Schools Irvington

Middle Schools Harriet Tubman

High Schools Grant

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)
SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Abernethy Elementary School

    Public | KG - 5

  • 9

    Winterhaven School

    Public | KG - 8

  • 9

    Laurelhurst Elementary School

    Public | KG - 8

  • 8

    Emerson School

    Public | KG - 5

  • 8

    Alameda Elementary School

    Public | KG - 5

  • 8

    Beverly Cleary School

    Public | KG - 8

  • 8

    Sunnyside Environmental School

    Public | KG - 8

  • 8

    Richmond Elementary School

    Public | PK - 5

  • 8

    Glencoe Elementary School

    Public | KG - 5

  • 6

    Southwest Charter School

    Public | KG - 8

  • 6

    Sabin Elementary School

    Public | KG - 8

  • 6

    Creston Elementary School

    Public | KG - 8

  • 5

    Ockley Green School

    Public | 4 - 8

  • 5

    Irvington Elementary School

    Public | KG - 8

  • 5

    Buckman Arts Focus Elementary School

    Public | KG - 5

  • 5

    Grout Elementary School

    Public | KG - 5

  • 5

    Atkinson Elementary School

    Public | KG - 5

  • 4

    Beach Elementary School

    Public | PK - 8

  • 4

    Boise-Eliot / Humboldt STEAM School

    Public | PK - 8

  • 4

    Vernon Elementary School

    Public | KG - 8

Middle Schools 10
  • 9

    Da Vinci Middle School

    Public | 6 - 8

  • 7

    Mt Tabor Middle School

    Public | 6 - 8

  • 5

    Hosford Middle School

    Public | 6 - 8

  • 5

    Beaumont Middle School

    Public | 6 - 8

  • 1

    Self Enhancement, Inc/Sei Academy

    Public | 6 - 8

  • 0

    Northwest Academy

    Private | 6 - 12

  • 0

    St Andrew Nativity School

    Private | 6 - 8

  • 0

    Pacific Crest Community School

    Private | 6 - 12

  • 0

    De Paul Alternative School

    Private | 8 - 12

  • 0

    Mt Scott Park Center for Learning

    Private | 7 - 12

High Schools 14
  • 7

    Grant High School

    Public | 9 - 12

  • 7

    Franklin High School

    Public | 9 - 12

  • 6

    Benson Polytechnic High School

    Public | 9 - 12

  • 6

    Cleveland High School

    Public | 9 - 12

  • 3

    Jefferson High School

    Public | 9 - 12

  • 2

    Leadership and Entrepreneurship Public Charter High School

    Public | 9 - 12

  • 0

    St Marys Academy

    Private | 9 - 12

  • 0

    Rosemary Anderson High School/Portland Oic

    Private | 10 - 12

  • 0

    Oregon Outreach Inc. Rosi Hinton High School

    Private | 9 - 12

  • 0

    Oregon Outreach

    Private | 9 - 12

  • 0

    Yourth Progress Learning Center

    Private | 9 - 12

  • 0

    Central Catholic High School

    Private | 9 - 12

  • 0

    Alliance High School

    Public | 9 - 12

  • 0

    Naya Early College Academy

    Private | 9 - 12

School and business data provided by Attom Data.
Nataliya Zakharov

Nataliya Zakharov

Agent

+1(503) 358-8487

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2165 NE MULTNOMAH ST