1245 NE 118TH AVE Portland, OR $ 470,000
1245 NE 118TH AVE
$ 470,000
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1245 NE 118TH AVE

Portland, OR, 97220
$ 470,000
Bedrooms5 Baths5.0

Monthly Estimate*

$ 2,932

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Multi-Family Home for sale in Portland, OR

for $470,000 with 5 bedrooms and 5 full baths. This home was built in 1952.

Welcome to the this one-level updated property on 0.25 acres offering flexibility for multigenerational living, work-from-home needs, or creative use. The main home includes two bedrooms and a living/dining area with hardwood floors throughout. A door off the kitchen leads to a spacious utility area and onto a converted garage that could be used for work from home, visitors or as a recreation area/gym. A non-permitted ADU with its own driveway and entrance adds further flexibility. It includes 2 bedrooms, full kitchen and bathroom. Additional features include a newer roof, RV parking, a fenced yard, 2 tool sheds, and a large covered back patio. Easy access to transit, shopping, and schools.

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Multi-Family Pending

Price

$ 470,000

Bedrooms

5

Full Bath

5

Property Type

Multi-Family

Taxes

$ 6,031

Style

Year Built

1952

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

671018448

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling WallUnit
Roof Composition
Zoning R7
Year Built 1952
Tax Year 2025
Parcel Number R154526
Gross Income 48300.0
County Multnomah
Net Operating Income 34440.0
Operating Expense 13850.0
Property Type MultiFamily
HOA N
Subdivision Name HAZELWOOD
Rent Includes MaintenanceGrounds Sewer TrashCollection Water
Status Pending
Directions Glisan - north on 118th
High School David Douglas
City Portland
Number Of Units Total 3
MLS Area _142
Listing Terms Cash Conventional FHA VALoan
Elementary School Ventura Park
Tax Annual Amount 6031.12
Middle/Junior High School Floyd Light
Standard Status Pending
Accessory Dwelling Unit Y/N N
Legal Description EDISON N 80.75' OF E 1/2 OF LOT 13
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Exterior
Lot Features Level
Water Source PublicWater
Total Parking 0
Exterior Description VinylSiding
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Interior
Hot Water Gas
Unit 1 Baths Total 2
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit 3 Baths Total 2
Unit 3 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3
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Internal Only
Street Number 1 1245
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* Excluded Features
List By
Re/Max Equity Group

Broker

dreamhomespdx@gmail.com

Email

Affordability Calculator

$3,435
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,932
Monthly Property Taxes
$503
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
1949618 Elementary School
1949051 Middle School
David Douglas High School High School
Pricing History
DatePricePrice ChangeDescription
10/23/2025$470,000 -4.08% Price Down
10/9/2025$490,000 Listed Price

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1245 NE 118TH AVE, Portland, OR, 97220 is a Multi-Family Home for sale at $470,000. 1245 NE 118TH AVE has 5 bedrooms, 5.0 baths, and was built in 1952. The property's zip code is 97220 which is in Portland, OR