Prime NW Portland 4-Plex—On the pulse of NW 23rd Avenue’s electric scene—brimming with trendsetting cuisine, boutique shopping, and an unmistakable city vibe. This well-maintained 4-plex offers a rare chance to own an income-generating property in one of Portland’s most sought-after neighborhoods. Each unit offers hardwood floors, a cozy fireplace, and period details that exude timeless character. Tenants enjoy onsite amenities that contribute to strong rental appeal - a spacious layout, plenty of storage, laundry, and 2 off street parking spaces ($50/mo). Enjoy serene mornings or quiet evenings on the back deck where you’ll feel the peaceful, collaborative, community vibe. Generously maintained, recent updates include a new water heater in Unit 2 (2021), new community water heater (2022), replaced four windows (2024), community deck in back yard (2021), and all windows repaired and reglazed (2015). Zoned RM4 – Residential High Density, this property sits in the heart of Slabtown and is surrounded by some of the city’s most beloved eateries, chocolatiers, art galleries, and locally owned boutiques. In addition to its lifestyle appeal, Slabtown offers unbeatable proximity to major employment centers and medical hubs, the Pearl District, NW 23rd Avenue, and downtown Portland. The neighborhood also benefits from excellent transit access and a high Walk Score. Whether you're seeking a cash-flowing asset, a hybrid live/rent scenario, or long-term appreciation in one of Portland’s most resilient rental markets, this property presents a strategic foothold in a location that effortlessly balances old Portland soul with new Portland sophistication.
Listing courtesy of Keller Williams PDX Central. Selling Office: Keller Williams PDX Central.
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.