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Listed price in listed location currency (USD).
$850,000

009

MLS® 369379821

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size -
Garage No
HOA Fees 
Taxes $7,756
Days Active 79
Approx. Age 1974
MLS® Number 369379821

Property Address: 4620 Ne Lombard St, Portland, OR, 97218-1367

Average square foot calculated using Size range provided by listing agent.

Description

Investor Opportunity. 5-Plex in NE Portland. Unlock reliable cash flow with this well-maintained 5-unit multi-family property in a high-demand rental area of NE Portland. Situated on a large lot, the property features two buildings: One-story triplex, three units, each 2 bed / 1 bath, approx. 780 sq ft. Plus a Two-story duplex, two units, each 2 bed / 1.5 bath, approx. 800 sq ft.Property Highlights: Upside potential with market adjustments. All units on month-to-month leases, flexibility for rent increases or redevelopment plans. Owner pays water/sewer/garbage; all-electric appliances and heating. Mix of carpet, laminate, and tile flooring; washer/dryer hookups in each unit. Ample off-street parking for tenants. Long-term tenants with consistent rental history.Prime Location: Just minutes from Portland International Airport, this property offers tenants easy access to public transit, shopping, dining, schools, and major commuter routes. Nearby NE 42nd Ave and Cully Blvd provide convenient local services, while downtown Portland is an easy drive. This is a turn-key income property with stable occupancy and room for value-add improvements. Whether you’re expanding your portfolio or entering the Portland multifamily market, this 5-plex delivers immediate cash flow and long-term appreciation potential. No sign on property, do not disturb tenants. Shown by appointment only
MLS® Number369379821
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1974
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 11, 2025List Date
$850,000List Price
  • Commute

Commute

Starting Address
Destination Address
4620 Ne Lombard St, Portland, OR

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