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623 NE 74TH AVE

Portland, OR 97213
Square Ft.
2,688
Active
Multifamily
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$890,000
Rare multi-family opportunity in Montavilla — 623–629 NE 74th Ave, with RARE ASSUMABLE 3.4%. This tidy 5-unit property sits on a 9,500 (0.22-acre lot) and delivers stabilized cashflow in a convenient NE Portland location. The asset contains a mix of 1-bedroom and 2-bedroom units, with long-standing rents and off-street parking.… Read MoreRead Less
Listing courtesy of eXp Realty, LLC.
Listing Snapshot
Days Online
39
Last Updated
Square Ft.
2,688
Year Built
1961
MLS Number
707682250
30 Days Snapshot Of 97213
$542k
-11%
(avg) sold price
35
-7%
homes sold
34
+13%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: None
Building
Building Area Total: 2688, Built in 1961, Storage: None, Stories: 1, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
Cooling
Cooling: None
Expenses
Operating Expense: $15,459
Exterior Features
Exterior Description: Other, Stone
Foundation
Foundation Details: ConcretePerimeter
Heating
Heating: Baseboard
Income
CAP Rate: 6.51, Gross Income: $73,380, Gross Rent Multiplier: 12.13, Gross Scheduled Income: $80,718, Net Operating Income: $57,921, Net Scheduled Income: 65259
Lot
Features: Level, Size Range: SqFt5000to6999, Size: 5,000 to 6,999 SqFt
Miscellaneous
Investor Information: ProfitLossStatement, RentRecords
Parking
Features: Assigned, OffStreet, 5 total parking spots
Property
Number Of Units Total: 5, Property Condition: Existing, Zoning: R2.5
Roof
Roof: Composition
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $9,853, Legal Description, Tax Year: 2025
Unit One
Actual Rent: $1,245, Area: 600, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Two
Actual Rent: $1,420, Area: 600, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Three
Actual Rent: $1,175, Area: 496, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Four
Actual Rent: $1,200, Area: 496, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Five
Actual Rent: $1,100, Area: 496, Units Total: 1, 1 total bathroom, 1 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Electricity, Water Source: PublicWater
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Monthly Payment
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Erika George and Kari McGee
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Schools In The Area

Check out nearby schools with ratings and contact info.
Vestal Elementary School 503-916-6437 Public KG-5
Harrison Park Middle School 503-916-5700 Public 6-8
Leodis V. McDaniel High School 503-916-5220 Public 9-12
Vestal Elementary School 503-916-6437 Public KG-5
Vestal Elementary School 503-916-6437 Public KG-5
Harrison Park Middle School 503-916-5700 Public 6-8
Leodis V. McDaniel High School 503-916-5220 Public 9-12

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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.