8924 SE ELLIS ST, Portland, OR 97266
- $670,000
- 5,148
- SqFt
- Sold Price
- $670,000
- List Price
- $695,000
- Closing Date
- Aug 28, 2026
- Days on Market
- 37
- MLS#
- 593286951
- Property Type
- Multifamily
- Sqft. of Residence
- 5,148
- Lot Size
- 15, 000 to 19, 999 SqFt
- Region
- Portland Southeast
- Status
- SOLD
Property Description
CONTRACT TERMS! 5% INTEREST, 30% DOWN, 30 YEAR AMORTIZATION WITH A 5 YEAR BALLOON. Exceptional investment opportunity featuring six well-maintained units configured as three duplexes on a single tax lot. This property offers an attractive combination of stable cash flow, future upside, and favorable seller financing. Each unit features sought-after amenities including washer/dryer hookups, fireplaces, and private patios, providing comfort and convenience that appeal to long-term tenants. The property also offers ample off-street parking, a valuable amenity in today's rental market. Close to MAX Light Rail, buslines and shopping. Located in the vibrant Lents neighborhood, "an up-and-coming area & one of the new hotspots in Portland" according to PortlandNeighborhood.com. Lents is widely recognized for its ongoing growth, revitalization, and increasing popularity, this property is well-positioned to benefit from continued demand. With potential for rent increases, investors have the opportunity to enhance returns over time. Adding to the appeal, the Seller is willing to offer contract terms with below-market interest rates, creating an outstanding financing opportunity that can improve cash flow and reduce borrowing costs compared to conventional financing. Whether you're looking to expand your portfolio or complete a 1031 exchange, this is a rare chance to acquire a quality multifamily asset with strong income potential, attractive financing, and long-term upside.
Additional Information
- Tax Amount
- $14,396
- Year Built
- 1973
- High School
- Franklin
- Elementary School
- Marysville
- Middle School
- Kellogg
- Acres
- 0.35
- Living Area
- 5,148
- Stories
- 1
- Subdivision
- Lents
- Lot Size Dimension
- 137.5x110.6
- Terms
- Cash, Contract, Conventional, Owner Will Carry
- Cooling Description
- None
- Fuel Description
- Electricity
- Heating Description
- Baseboard
- Hoa Rent Includes
- Sewer, Trash Collection, Water
- Hot Water Description
- Electricity
- Exterior Description
- Panel, T-111 Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- Off Street, Paved
- Parking Description
- Off Street, Paved
- Road Surface
- Paved
- Number Of Units Total
- 6
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1260
- Unit Type One Sq Ft
- 858
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 1175
- Unit Type Three Sq Ft
- 858
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 1
- Unit Type Four Beds Total
- 2
- Unit Type Four Rent
- 1155
- Unit Type Four Sq Ft
- 858
- Unit Type Four Units Total
- 1
- Unit Type Five Rent
- 1250
- Unit Type Five Sq Ft
- 858
- Unit Type Five Units Total
- 1
Mortgage Calculator
Listing courtesy of Township Properties Real Estate LLC. Selling Office: Real Estate Performance Group.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.