411 NE 92ND AVE Portland, OR $ 499,000
411 NE 92ND AVE
$ 499,000
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411 NE 92ND AVE

Portland, OR, 97220
$ 499,000
Bedrooms3 Baths2.0 Sq 1,792

Monthly Estimate*

$ 3,072

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Multi-Family Home for sale in Portland, OR

for $499,000 with 3 bedrooms and 2 full baths. This 1,792 square foot home was built in 1943 on a lot size of 0.12.

Turnkey 2024 remodel with TWO updated units, including new roof, plumbing and electric — perfect for investors, multi-gen living, or an owner-occupant looking to offset their mortgage. The upper 3-bed/1-bath unit features a complete top-to-bottom refresh, including new systems, quartz counters, stainless appliances, luxury vinyl plank flooring, modern bath, fresh paint, updated fixtures, and new plumbing and electric systems. Clean lines, durable finishes, and new windows help the open living/dining area feel bright and functional. Each bedroom includes closet storage, and the layout offers effortless flow from kitchen to living space. The lower level is a fully updated studio with its own kitchen, full bath, laundry, and private entrance — an ideal rental, guest suite, or separate living quarters. Fresh finishes, wide-open layout, new flooring, and built-in shelving create a flexible and welcoming space with strong rental appeal. Outside, enjoy fenced off-street parking, a low-maintenance yard, and a shared garage divided into private storage bays for each unit. All major updates were completed in 2024, offering peace of mind and minimal owner upkeep. Located in NE Portland’s Montavilla area, this property provides quick access to local parks, shops, transit, dining, Montavilla Farmers Market, and vibrant community amenities. Easy freeway access makes commuting simple, while neighborhood charm boosts long-term rental demand. Live in one unit and rent the other, operate as a pure investment, or create a multi-generational setup — the flexibility is unbeatable. A truly move-in-ready duplex with immediate income potential.

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Multi-Family Active

Price

$ 499,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,149

Style

Lot Size

0.12

Year Built

1943

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

637695780

Features
General
Sewer PublicSewer
Heating MiniSplit WallHeater
Cooling MiniSplit WallUnit
Roof Composition Shingle
Zoning R 2.5
Year Built 1943
Stories Count 2
Tax Year 2025
Parcel Number R265856
Gross Income 40417.0
County Multnomah
Net Operating Income 30500.0
Operating Expense 9917.0
Property Type MultiFamily
HOA N
Rent Includes TrashCollection
Status Active
Directions E on Glisan S on 92nd
High School Leodis McDaniel
City Portland
Disclosures Disclosure
Number Of Units Total 2
MLS Area _142
Lot Size Square Feet 5227.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Vestal
Tax Annual Amount 4149.24
Middle/Junior High School Harrison Park
Property Condition UpdatedRemodeled
Virtual Tour https://listings.ruummedia.com/sites/rgbvlnzo/unbranded
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description SANFORD BLOCK 6 LOT 7&8
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Interior
Basement SeparateLivingQuartersApartmentAuxLivingUnit
Storage Garage
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 3
Unit 2 Baths Total 1
Unit 2 Beds Total 0
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Driveway Secured
Lot Features Gated Level Trees
Water Source PublicWater
Total Parking 2.0
Exterior Description Cedar WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 1792.0
Lot Size Acres 0.12
Road Surface Type Paved
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Internal Only
Street Number 1 411
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* Excluded Features
List By
Living Room Realty

Broker

steveb@livingroomre.com

Email

Affordability Calculator

$3,418
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,072
Monthly Property Taxes
$346
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3269607 Elementary School
3296986 Middle School
Leodis McDaniel High School High School
Pricing History
DatePricePrice ChangeDescription
2/11/2026$499,000 Listed Price

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411 NE 92ND AVE, Portland, OR, 97220 is a Multi-Family Home for sale at $499,000 with 1,792 sqft and a lot size of 0.12. 411 NE 92ND AVE has 3 bedrooms, 2.0 baths, and was built in 1943. The property's zip code is 97220 which is in Portland, OR