623 NE 74TH AVE, Portland, OR 97213
- $800,000
- 2,688
- SqFt
- Sold Price
- $800,000
- List Price
- $890,000
- Closing Date
- Jun 12, 2026
- Days on Market
- 242
- MLS#
- 707682250
- Property Type
- Multifamily
- Sqft. of Residence
- 2,688
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Portland Southeast
- Status
- SOLD
Property Description
ASSUMABLE Option @ 3.4%. Rare opportunity to acquire a 5-unit multifamily property in the Montavilla neighborhood of NE Portland. 623–631 NE 74th Ave offers a compelling combination of location, charm, and long-term investment potential that continues to draw strong interest.Situated on an 9,500 SF (0.22-acre) lot, this well-maintained asset features a desirable mix of 1-bedroom and 2-bedroom units, along with on-site laundry, owner storage, and off-street parking—features that support strong rental retention and operational efficiency.The property is stabilized with long-standing tenants, providing immediate income, while offering clear value-add upside through interior improvements and rent optimization. This is a solid, well-located property suited for a skilled investor or portfolio buyer seeking to enhance value over time.Located in a high-demand rental area with easy access to neighborhood amenities, public transportation, schools, and major routes throughout NE Portland. Properties of this size and quality are rarely available in this submarket.Seller is a Licensed Real Estate Agent in Oregon and Trustee to the property. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10242612]
Additional Information
- Tax Amount
- $9,852
- Year Built
- 1961
- High School
- Leodis McDaniel
- Elementary School
- Vestal
- Middle School
- Roseway Heights
- Living Area
- 2,688
- Stories
- 1
- Terms
- Assumable, Cash, Conventional
- Cooling Description
- None
- Fuel Description
- Electricity
- Heating Description
- Baseboard
- Hoa Rent Includes
- Sewer, Trash Collection, Water
- Hot Water Description
- Electricity
- Exterior Description
- Other, Stone
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- Assigned, Off Street
- Parking Description
- Assigned, Off Street
- Road Surface
- Paved
- Number Of Units Total
- 5
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1245
- Unit Type One Sq Ft
- 600
- 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
- 1
- Unit Type Three Rent
- 1175
- Unit Type Three Sq Ft
- 496
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 1
- Unit Type Four Beds Total
- 1
- Unit Type Four Rent
- 1200
- Unit Type Four Sq Ft
- 496
- Unit Type Four Units Total
- 1
- Unit Type Five Rent
- 1100
- Unit Type Five Sq Ft
- 496
- Unit Type Five Units Total
- 1
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Listing courtesy of eXp Realty, LLC. Selling Office: Christie's International Real Estate Evergreen.
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