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2165 NE MULTNOMAH ST Portland, OR $ 1,075,000
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2165 NE MULTNOMAH ST
$ 1,075,000
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2165 NE MULTNOMAH ST

Portland, OR, 97232
$ 1,075,000
Bedrooms7 Baths8.0 Sq 4,552

Monthly Estimate*

$ 6,707

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Multi-Family Home for sale in Portland, OR

for $1,075,000 with 7 bedrooms and 8 full baths. This 4,552 square foot home was built in 1975 on a lot size of 0.12.

Ideally situated in the highly sought-after Sullivan’s Gulch neighborhood—just south of NE Broadway’s coffee shops, restaurants, boutiques, and light rail—this four-unit property combines strong rental income with an unbeatable location. Tenants love the spacious, townhouse-style layouts, private outdoor spaces, in-unit laundry, decks/patios & off-street parking. Brand new Studio unit was added in 2023, equipped with Sprinkler System. With reliable renters and a proven income record, this is a rare opportunity to own a stable, low-maintenance investment in one of Portland’s most desirable close-in locations. Please do not disturb the tenants.

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Multi-Family Active

Price

$ 1,075,000

Bedrooms

7

Full Bath

8

Property Type

Multi-Family

Taxes

$ 16,932

Style

Lot Size

0.12

Year Built

1975

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

234723779
Features
General
Sewer PublicSewer
Heating Baseboard
Roof Composition
Zoning R2.5
Garage Spaces 0
Year Built 1975
Stories Count 3
Tax Year 2024
Parcel Number R181857
Gross Income 92520.0
Community Features AllLandscaping
County Multnomah
Net Operating Income 56507.0
Operating Expense 33237.0
Property Type MultiFamily
HOA N
Subdivision Name SULLIVAN'S GULCH
Rent Includes MaintenanceGrounds Sewer TrashCollection Water
Status Active
Directions NE Multnomah St & NE 22nd Ave
High School Grant
City Portland
Number Of Units Total 4
MLS Area _142
Lot Size Square Feet 5227.0
Listing Terms Cash Conventional
Elementary School Irvington
Tax Annual Amount 16932.94
Middle/Junior High School Harriet Tubman
Property Condition UpdatedRemodeled
High School 2 Jefferson
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description HOLLADAY PK & 1ST ADD BLOCK 3 LOT 2
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Interior
Basement Daylight Finished
Storage Basement
Hot Water Electricity
Unit 1 Baths Total 2
Unit 1 Beds Total 2
Unit 2 Baths Total 2
Unit 2 Beds Total 2
Unit 3 Baths Total 3
Unit 3 Beds Total 3
Unit 4 Baths Total 1
Unit 4 Beds Total 0
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Exterior
Parking Features Assigned OffStreet
Lot Features Level
Water Source PublicWater
Total Parking 2.0
Exterior Description Cedar Stone T111Siding
Building Area Total 4552.0
Lot Dimensions 50' x 100'
Lot Size Acres 0.12
Road Surface Type Paved
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Internal Only
Street Number 1 2165
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* Excluded Features
List By
Township Properties Real Estate Llc

Broker

kathy@marcrogersinc.com

Email

Affordability Calculator

$8,118
Per Month
83%
17%
0%
Monthly Principal & Interest
$6,707
Monthly Property Taxes
$1,411
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
1949256 Elementary School
2416933 Middle School
Grant High School High School
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Pricing History
DatePricePrice ChangeDescription
11/20/2025$1,075,000 Listed Price

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2165 NE MULTNOMAH ST, Portland, OR, 97232 is a Multi-Family Home for sale at $1,075,000 with 4,552 sqft and a lot size of 0.12. 2165 NE MULTNOMAH ST has 7 bedrooms, 8.0 baths, and was built in 1975. The property's zip code is 97232 which is in Portland, OR

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