2315 N LOMBARD ST Portland, OR $ 865,000
2315 N LOMBARD ST
$ 865,000
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2315 N LOMBARD ST

Portland, OR, 97217
$ 865,000
Bedrooms6 Baths4.0 Sq 3,020

Monthly Estimate*

$ 5,462

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Multi-Family Home for sale in Portland, OR

for $865,000 with 6 bedrooms and 4 full baths. This 3,020 square foot home was built in 1996 on a lot size of 0.11.

A standout opportunity in the heart of North Portland’s sought-after Kenton neighborhood, this well-maintained 4-plex offers the perfect combination of location, versatility, and investment potential. Built in 1996, the property features four spacious units with open, functional floor plans, including (2) 2-bedroom, 1-bath units and (2) 1-bedroom, 1-bath units. Each residence has its own covered front porch or deck, creating a welcoming sense of privacy and outdoor space. The property is currently occupied by long-term, stable tenants, offering an established rental history and added appeal for investors seeking an income-producing property. Around back, a paved and fully fenced parking area provides dedicated off-street parking for four vehicles, a huge bonus in this popular neighborhood. The building’s nicely kept condition makes this an appealing option for investors looking to add a strong multifamily property to their portfolio or an owner-occupant ready to live in one unit while generating income from the others. Just six blocks from downtown Kenton and close to neighborhood restaurants, shops, parks, and everyday amenities, this is a fantastic chance to own a multifamily property in one of North Portland’s most vibrant and desirable communities.

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Multi-Family Active

Price

$ 865,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 10,172

Style

Lot Size

0.11

Year Built

1996

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

166298703

Features
General
Sewer PublicSewer
Heating Zoned
Roof Composition
Zoning R1
Garage Spaces 0
Security Features SecurityGate
Year Built 1996
Stories Count 2
Tax Year 2025
Parcel Number R224244
Gross Income 78573.0
County Multnomah
Net Operating Income 54010.0
Operating Expense 24563.0
Property Type MultiFamily
HOA N
Subdivision Name North Portland
Rent Includes TrashCollection
Status Active
Directions N Lombard St west of Denver Avenue
High School Jefferson
City Portland
Disclosures Disclosure
Number Of Units Total 4
MLS Area _141
Lot Size Square Feet 4791.0
Listing Terms Cash Conventional
Elementary School Peninsula
Tax Annual Amount 10172.77
Middle/Junior High School Ockley Green
Property Condition UpdatedRemodeled
Virtual Tour https://mls.ricoh360.com/688d1317-2627-4482-9f13-0b08b3479056
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description MURLARK ADD BLOCK 8 LOT 21
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Exterior
Parking Features Assigned
Lot Features Level
Water Source PublicWater
Total Parking 4.0
Exterior Description LapSiding VinylSiding
Foundation Details ConcretePerimeter
Building Area Total 3020.0
Lot Dimensions 50' x 100'
Lot Size Acres 0.11
Road Surface Type Paved
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Interior
Hot Water Electricity Tank
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit 3 Baths Total 1
Unit 3 Beds Total 1
Unit 4 Baths Total 1
Unit 4 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Internal Only
Street Number 1 2315
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* Excluded Features
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Broker

bpspear@gmail.com

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Affordability Calculator

$6,309
Per Month
87%
13%
0%
Monthly Principal & Interest
$5,462
Monthly Property Taxes
$848
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.
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Nearby
1950154 Elementary School
1950460 Middle School
Jefferson High School High School
Pricing History
DatePricePrice ChangeDescription
8/26/2026$865,000 Listed Price

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2315 N LOMBARD ST, Portland, OR, 97217 is a Multi-Family Home for sale at $865,000 with 3,020 sqft and a lot size of 0.11. 2315 N LOMBARD ST has 6 bedrooms, 4.0 baths, and was built in 1996. The property's zip code is 97217 which is in Portland, OR