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Listed by Premiere Property Group, LLC

$799,900

Est. payment - /mo

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10,018 Sqft Lot

Active

144 SE 85TH AVE Portland, OR 97216

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Montavilla

MLS Listing ID 502946846

Year Built 1950

Annual Tax Amount $8,819

Tax Year 2025

Lot Size 10,018 Sqft

Property Description

Strong investment opportunity with immediate income potential in Montavilla! This property, situated on a double lot with excellent development upside, was purchased as a gorgeous mid-century with a shop. The home is split into two units, in addition to the shop converted into a cottage. The main home has been configured into two separate living spaces, offering seven total bedrooms – four on the main level and three on the lower – each rented individually. The former shop has been transformed into a detached one-bedroom one-bathroom unit with tall ceilings, bringing the total to eight income-producing tenants. Each unit is equipped with its own kitchen, washer/dryer, and water heater. Positioned on a spacious corner lot, this property offers significant flexibility for future expansion or redevelopment with possibility of building a new home in front of the detached extended living space. Sellers have nearly completed the lot partition – only utility adjustments to be finalized. Located in the vibrant Montavilla neighborhood with a 98 Bike Score, enjoy easy access to freeways, tons of shopping, dining, transportation, plus convenient to all that Mt Tabor has to offer! Tenant occupied, please DO NOT walk property or disturb tenants.

Location

State OR

County Multnomah

Area _143

Zoning R5

Rooms

Basement Finished

Interior

Heating Forced Air, Mini Split

Cooling Central Air, Mini Split

Exterior

Roof Type Composition,Metal

Garage No

Building

Lot Description Corner Lot, Level

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Vestal

Middle Schools Harrison Park

High Schools Leodis Mcdaniel

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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