144 SE 85TH AVE Portland, OR $ 800,000
144 SE 85TH AVE
$ 800,000
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144 SE 85TH AVE

Portland, OR, 97216
$ 800,000
Bedrooms8 Baths3.0

Monthly Estimate*

$ 4,926

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Multi-Family Home for sale in Portland, OR

for $800,000 with 8 bedrooms and 3 full baths. This home was built in 1950 on a lot size of 0.23.

Strong investment opportunity with immediate income potential in Montavilla! This property, situated on a double lot with excellent development upside, was purchased as a gorgeous mid-century with a shop. The home is split into two units, in addition to the shop converted into a cottage. The main home has been configured into two separate living spaces, offering seven total bedrooms – four on the main level and three on the lower – each rented individually. The former shop has been transformed into a detached one-bedroom one-bathroom unit with tall ceilings, bringing the total to eight income-producing tenants. Each unit is equipped with its own kitchen, washer/dryer, and water heater. Positioned on a spacious corner lot, this property offers significant flexibility for future expansion or redevelopment with possibility of building a new home in front of the detached extended living space. Sellers have nearly completed the lot partition – only utility adjustments to be finalized. Located in the vibrant Montavilla neighborhood with a 98 Bike Score, enjoy easy access to freeways, tons of shopping, dining, transportation, plus convenient to all that Mt Tabor has to offer! Tenant occupied, please DO NOT walk property or disturb tenants – any offer will need to be subject to interior inspection.

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Multi-Family Active

Price

$ 800,000

Bedrooms

8

Full Bath

3

Property Type

Multi-Family

Taxes

$ 8,819

Style

Lot Size

0.23

Year Built

1950

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

502946846

Features
General
Sewer PublicSewer
Heating ForcedAir MiniSplit
Cooling CentralAir MiniSplit
Roof Composition Metal
Zoning R5
Security Features SecurityLights
Year Built 1950
Stories Count 2
Tax Year 2025
Parcel Number R284669
Gross Income 53400.0
County Multnomah
Net Operating Income 44580.0
Operating Expense 8820.0
Property Type MultiFamily
HOA N
Subdivision Name MONTAVILLA
Rent Includes None
Status Active
Directions Between E Burnside and SE Stark on SE 85th Ave
High School Leodis McDaniel
City Portland
Disclosures Disclosure
Number Of Units Total 3
MLS Area _143
Lot Size Square Feet 10018.0
Listing Terms Cash Conventional
Elementary School Vestal
Tax Annual Amount 8819.06
Middle/Junior High School Harrison Park
Property Condition Approximately
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description TERRACE PK BLOCK 7 LOT 1&2
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Interior
Basement Finished
Hot Water Electricity Gas
Unit 1 Baths Total 1
Unit 1 Beds Total 4
Unit 2 Baths Total 1
Unit 2 Beds Total 3
Unit 3 Baths Total 1
Unit 3 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3
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Exterior
Parking Features Driveway
Lot Features CornerLot Level
Water Source PublicWater
Exterior Description Brick WoodSiding
Foundation Details ConcretePerimeter
Lot Size Acres 0.23
Road Surface Type Paved
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Internal Only
Street Number 1 144
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* Excluded Features
List By
Premiere Property Group, Llc

Broker

John@McKayHomes.com

Email

Affordability Calculator

$5,661
Per Month
87%
13%
0%
Monthly Principal & Interest
$4,926
Monthly Property Taxes
$735
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
3/20/2026$800,000 Listed Price

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144 SE 85TH AVE, Portland, OR, 97216 is a Multi-Family Home for sale at $800,000 with a lot size of 0.23. 144 SE 85TH AVE has 8 bedrooms, 3.0 baths, and was built in 1950. The property's zip code is 97216 which is in Portland, OR