4620 NE LOMBARD ST new Save Request In-Person Tour Request Virtual Tour
Portland,OR 97218
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Cully
MLS Listing ID 369379821
Year Built 1974
Annual Tax Amount $7,756
Tax Year 2024
Lot Size 0.290 Acres
Property 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,
Location
State OR
County Multnomah
Area _142
Zoning R2
Rooms
Basement Crawl Space
Interior
Heating Baseboard, Wall Heater
Exterior
Roof Type Composition
Garage No
Building
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Rigler
Middle Schools Beaumont
High Schools Leodis Mcdaniel
Others
Acceptable Financing CallListingAgent
Listing Terms CallListingAgent