2448 SE 117TH AVE Portland, OR $ 1,475,000
2448 SE 117TH AVE
$ 1,475,000
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2448 SE 117TH AVE

Portland, OR, 97216
$ 1,475,000
Bedrooms9 Baths8.0 Sq 5,899

Monthly Estimate*

$ 9,202

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Multi-Family Home for sale in Portland, OR

for $1,475,000 with 9 bedrooms and 8 full baths. This 5,899 square foot home was built in 2004 on a lot size of 0.27.

Turn-Key Multifamily Investment in Mill Park. A true opportunity to own a well-maintained, income-generating property in the desirable Mill Park neighborhood. Situated on a single tax lot, this offering includes a six-unit apartment building and a separate single-family home (blt 1938) providing both stability and versatility in one investment. The standalone home features three spacious bedrooms, two full bathrooms, and a partial basement. Each unit in the adjacent apartment building is a generously sized one-bedroom, thoughtfully designed with private decks, in-unit washer/dryers, and dedicated storage space, ensuring strong tenant appeal and retention. Located within close proximity to public transportation, schools, parks, restaurants, bakeries, and a Grocery Outlet, this property combines urban convenience with residential comfort. With low maintenance requirements, historically low turnover, and immediate cash flow, this is a truly turn-key investment in a high-demand rental market.

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Multi-Family Active

Price

$ 1,475,000

Bedrooms

9

Full Bath

8

Property Type

Multi-Family

Taxes

$ 12,750

Style

Lot Size

0.27

Year Built

2004

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

535479438

Features
General
Sewer PublicSewer
Heating WallHeater
Cooling None
Roof Composition
Zoning RM2
Security Features Sidewalk
Year Built 2004
Stories Count 3
Tax Year 2024
Parcel Number R145740
Gross Income 117060.0
County Multnomah
Net Operating Income 83296.0
Operating Expense 33766.0
Property Type MultiFamily
HOA N
Subdivision Name MILL PARK
Rent Includes Sewer TrashCollection Water
Status Active
Directions SE Division go north on SE 117th.
High School David Douglas
City Portland
Number Of Units Total 7
MLS Area _143
Lot Size Square Feet 11761.0
Listing Terms Cash Conventional OwnerWillCarry
Elementary School Mill Park
Tax Annual Amount 12750.89
Middle/Junior High School Floyd Light
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description D & O LITTLE HMS SUB 1 N 70' OF S 170' OF W 198' OF LOT 4 EXC P
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Interior
Basement CrawlSpace
Hot Water Electricity
Unit 1 Baths Total 2
Unit 1 Beds Total 3
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 5 Beds Total 1
Unit 6 Beds Total 1
Unit 7 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4 UnitTypeType5 UnitTypeType6 UnitTypeType7
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Exterior
Parking Features OffStreet Paved
Lot Features Level
Water Source PublicWater
Total Parking 7.0
Exterior Description CementSiding
Foundation Details ConcretePerimeter
Building Area Total 5899.0
Lot Size Acres 0.27
Road Surface Type Paved
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Internal Only
Street Number 1 2448
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* Excluded Features
List By
Living Room Realty

Broker

davidc@livingroomre.com

Email

Affordability Calculator

$10,265
Per Month
90%
10%
0%
Monthly Principal & Interest
$9,202
Monthly Property Taxes
$1,063
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
1950277 Elementary School
1949051 Middle School
David Douglas High School High School
Pricing History
DatePricePrice ChangeDescription
10/2/2025$1,475,000 Listed Price

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2448 SE 117TH AVE, Portland, OR, 97216 is a Multi-Family Home for sale at $1,475,000 with 5,899 sqft and a lot size of 0.27. 2448 SE 117TH AVE has 9 bedrooms, 8.0 baths, and was built in 2004. The property's zip code is 97216 which is in Portland, OR