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4501 N MONTANA AVE Portland, OR $ 639,900
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$ 639,900 Get more info
4501 N MONTANA AVE
$ 639,900
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Share Save

4501 N MONTANA AVE

Portland, OR, 97217
$ 639,900
Bedrooms4 Baths4.0 Sq 2,250

Monthly Estimate*

$ 3,992

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Multi-Family Home for sale in Portland, OR

for $639,900 with 4 bedrooms and 4 full baths. This 2,250 square foot home was built in 1943 on a lot size of 0.12.

Investor Alert! Exceptional opportunity to own a well-maintained 4-plex in the highly sought-after Overlook neighborhood of North Portland. Each spacious, single-level unit offers 1 bed, 1 bath with comfortable living and thoughtful updates, quality finishes, and strong rental appeal. Tenants enjoy generous floor plans, private entrances, and a beautifully landscaped shared outdoor space—perfect for relaxing or entertaining. The property features newer systems and cosmetic upgrades including gas appliances and utilities keeping operations efficient and desirable while minimizing future capital expenses. The large basement provides ample storage options or potential for added value. Prime location near parks, public transit, and vibrant Mississippi Ave and Interstate Ave. Ideal for stable cash flow in a high-demand rental market!

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Multi-Family Active

Price

$ 639,900

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 5,381

Style

Lot Size

0.12

Year Built

1943

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

309361782
Features
General
Sewer PublicSewer
Heating ForcedAir
Roof Composition
Zoning CM3
Year Built 1943
Stories Count 1
Tax Year 2024
Parcel Number R210484
Gross Income 58696.0
County Multnomah
Net Operating Income 43174.0
Operating Expense 0
Property Type MultiFamily
HOA N
Subdivision Name Overlook
Rent Includes None
Status Active
Directions Corner of N Prescott and Montana
High School Jefferson
City Portland
Number Of Units Total 4
MLS Area _141
Lot Size Square Feet 5227.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Beach
Tax Annual Amount 5381.85
Middle/Junior High School Ockley Green
Property Condition Existing
Virtual Tour https://youtu.be/3prLeueaYhk
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description M PATTONS ADD & 2ND BLOCK 10 S 4' OF LOT 7 LOT 8
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Interior
Basement FullBasement PartiallyFinished
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit 3 Baths Total 1
Unit 3 Beds Total 1
Unit 4 Baths Total 1
Unit 4 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Exterior
Lot Features Level
Water Source PublicWater
Exterior Description Other
Building Area Total 2250.0
Lot Size Acres 0.12
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Internal Only
Street Number 1 4501
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* Excluded Features
List By
Keller Williams Realty Portland Premiere

Broker

503-709-4632

Contact

Affordability Calculator

$4,441
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,992
Monthly Property Taxes
$448
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1950960 Elementary School
1950460 Middle School
Jefferson High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/2/2025$639,900 -5.88% Price Down
8/13/2025$679,900 -2.86% Price Down
5/13/2025$699,900 Listed Price

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4501 N MONTANA AVE, Portland, OR, 97217 is a Multi-Family Home for sale at $639,900 with 2,250 sqft and a lot size of 0.12. 4501 N MONTANA AVE has 4 bedrooms, 4.0 baths, and was built in 1943. The property's zip code is 97217 which is in Portland, OR

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