4811 NE PRESCOTT ST Portland, OR $ 1,400,000
4811 NE PRESCOTT ST
$ 1,400,000
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4811 NE PRESCOTT ST

Portland, OR, 97218
$ 1,400,000
Bedrooms5 Baths2.0

Monthly Estimate*

$ 8,734

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Multi-Family Home for sale in Portland, OR

for $1,400,000 with 5 bedrooms and 2 full baths. This home was built in 1975 on a lot size of 0.68.

This seven-unit multifamily property in Portland’s desirable Cully neighborhood offers an exceptional investment opportunity. The property features six spacious two-bedroom, one-bathroom units and one larger three-bedroom, one-bathroom unit with a private garage, making it ideal for a mix of tenants and potential owner-occupancy. Recent upgrades include a new roof installed five years ago and energy-efficient double-pane windows throughout, reducing long-term maintenance and improving tenant appeal. Situated in a highly sought-after area known for its vibrant community feel, the property offers easy access to parks, dining, shopping, and public transit, providing excellent livability for tenants. With strong rental demand, a desirable unit mix, and recent capital improvements, this property presents a rare opportunity for investors seeking steady income potential and long-term appreciation in one of Portland’s fastest-growing neighborhoods.

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Multi-Family Active

Price

$ 1,400,000

Bedrooms

5

Full Bath

2

Property Type

Multi-Family

Taxes

$ 12,671

Style

Lot Size

0.68

Year Built

1975

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

196836946

Features
General
Sewer PublicSewer
Heating Other
Cooling None
Roof Composition
Zoning Multi
Year Built 1975
Tax Year 2024
Parcel Number R317714
Gross Income 131617.0
County Multnomah
Net Operating Income 73309.0
Operating Expense 57565.0
Property Type MultiFamily
HOA N
Rent Includes Sewer TrashCollection Water
Status Active
Directions Take NE 47th Ave north then turn East onto NE Prescott St
High School Leodis McDaniel
City Portland
Number Of Units Total 7
MLS Area _142
Lot Size Square Feet 29620.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Rigler
Tax Annual Amount 12671.11
Middle/Junior High School Beaumont
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description SECTION 19 1N 2E TL 13200 0.68 ACRES
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Interior
Basement CrawlSpace
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 3
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Open Paved
Lot Features Private
Water Source PublicWater
Total Parking 13.0
Exterior Description WoodSiding
Lot Size Acres 0.68
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Internal Only
Street Number 1 4811
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* Excluded Features
List By
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Broker

503-714-9178

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Affordability Calculator

$9,790
Per Month
89%
11%
0%
Monthly Principal & Interest
$8,734
Monthly Property Taxes
$1,056
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
3269614 Elementary School
3269609 Middle School
Leodis McDaniel High School High School
Pricing History
DatePricePrice ChangeDescription
10/6/2025$1,400,000 -6.67% Price Down
8/29/2025$1,500,000 Listed Price

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4811 NE PRESCOTT ST, Portland, OR, 97218 is a Multi-Family Home for sale at $1,400,000 with a lot size of 0.68. 4811 NE PRESCOTT ST has 5 bedrooms, 2.0 baths, and was built in 1975. The property's zip code is 97218 which is in Portland, OR