8924 SE ELLIS ST Portland, OR $ 695,000
8924 SE ELLIS ST
$ 695,000
Recently Listed
Share Save

8924 SE ELLIS ST

Portland, OR, 97266
$ 695,000
Bedrooms12 Baths6.0 Sq 5,148

Monthly Estimate*

$ 4,388

8924 SE ELLIS ST, Portland, OR 97266 - Image 1
8924 SE ELLIS ST, Portland, OR 97266 - Image 2
8924 SE ELLIS ST, Portland, OR 97266 - Image 3
8924 SE ELLIS ST, Portland, OR 97266 - Image 4
8924 SE ELLIS ST, Portland, OR 97266 - Image 5
8924 SE ELLIS ST, Portland, OR 97266 - Image 6
8924 SE ELLIS ST, Portland, OR 97266 - Image 7
8924 SE ELLIS ST, Portland, OR 97266 - Image 8
8924 SE ELLIS ST, Portland, OR 97266 - Image 9
8924 SE ELLIS ST, Portland, OR 97266 - Image 10
8924 SE ELLIS ST, Portland, OR 97266 - Image 11
8924 SE ELLIS ST, Portland, OR 97266 - Image 12
8924 SE ELLIS ST, Portland, OR 97266 - Image 13
8924 SE ELLIS ST, Portland, OR 97266 - Image 14
8924 SE ELLIS ST, Portland, OR 97266 - Image 15
8924 SE ELLIS ST, Portland, OR 97266 - Image 16
8924 SE ELLIS ST, Portland, OR 97266 - Image 17
8924 SE ELLIS ST, Portland, OR 97266 - Image 18
8924 SE ELLIS ST, Portland, OR 97266 - Image 19

Multi-Family Home for sale in Portland, OR

for $695,000 with 12 bedrooms and 6 full baths. This 5,148 square foot home was built in 1973 on a lot size of 0.35.

CONTRACT TERMS! 5% INTEREST, 30% DOWN, 30 YEAR AMORTIZATION WITH A 5 YEAR BALLOON. Exceptional investment opportunity featuring six well-maintained units configured as three duplexes on a single tax lot. This property offers an attractive combination of stable cash flow, future upside, and favorable seller financing. Each unit features sought-after amenities including washer/dryer hookups, fireplaces, and private patios, providing comfort and convenience that appeal to long-term tenants. The property also offers ample off-street parking, a valuable amenity in today's rental market. Close to MAX Light Rail, buslines and shopping. Located in the vibrant Lents neighborhood, "an up-and-coming area & one of the new hotspots in Portland" according to PortlandNeighborhood.com. Lents is widely recognized for its ongoing growth, revitalization, and increasing popularity, this property is well-positioned to benefit from continued demand. With potential for rent increases, investors have the opportunity to enhance returns over time. Adding to the appeal, the Seller is willing to offer contract terms with below-market interest rates, creating an outstanding financing opportunity that can improve cash flow and reduce borrowing costs compared to conventional financing. Whether you're looking to expand your portfolio or complete a 1031 exchange, this is a rare chance to acquire a quality multifamily asset with strong income potential, attractive financing, and long-term upside.

See more

Multi-Family Active

Price

$ 695,000

Bedrooms

12

Full Bath

6

Property Type

Multi-Family

Taxes

$ 14,396

Style

Lot Size

0.35

Year Built

1973

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

593286951

Features
General
Sewer PublicSewer
Heating Baseboard
Cooling None
Roof Composition
Zoning R1
Garage Spaces 0
Year Built 1973
Stories Count 1
Tax Year 2025
Parcel Number R115550
Gross Income 78720.0
Community Features AllLandscaping
County Multnomah
Net Operating Income 33799.0
Operating Expense 44921.0
Property Type MultiFamily
HOA N
Subdivision Name Lents
Rent Includes Sewer TrashCollection Water
Status Active
Directions SE 92nd Ave. West on SE Ellis
High School Franklin
City Portland
Disclosures Exempt
Number Of Units Total 6
MLS Area _143
Lot Size Square Feet 15246.0
Listing Terms Cash Contract Conventional OwnerWillCarry
Elementary School Marysville
Tax Annual Amount 14396.41
Middle/Junior High School Kellogg
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description BERNHARDT PK BLOCK 2 LOT 12
See more
Interior
Basement CrawlSpace
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit 3 Baths Total 1
Unit 3 Beds Total 2
Unit 4 Baths Total 1
Unit 4 Beds Total 2
Unit 5 Beds Total 2
Unit 6 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4 UnitTypeType5 UnitTypeType6
See more
Exterior
Parking Features OffStreet Paved
Lot Features Level PublicRoad
Water Source PublicWater
Total Parking 10.0
Exterior Description Panel T111Siding
Foundation Details ConcretePerimeter
Building Area Total 5148.0
Lot Dimensions 137.5x110.6
Lot Size Acres 0.35
Road Surface Type Paved
See more
Internal Only
Street Number 1 8924
See more
* Excluded Features
List By
Township Properties Real Estate Llc

Broker

marc@marcrogersinc.com

Email

Affordability Calculator

$5,588
Per Month
79%
21%
0%
Monthly Principal & Interest
$4,388
Monthly Property Taxes
$1,200
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
1951163 Elementary School
3483333 Middle School
Franklin High School High School
Pricing History
DatePricePrice ChangeDescription
7/22/2026$695,000 Listed Price

Map


See all

8924 SE ELLIS ST, Portland, OR, 97266 is a Multi-Family Home for sale at $695,000 with 5,148 sqft and a lot size of 0.35. 8924 SE ELLIS ST has 12 bedrooms, 6.0 baths, and was built in 1973. The property's zip code is 97266 which is in Portland, OR