2121 SE 50TH AVE Portland, OR $ 850,000
2121 SE 50TH AVE
$ 850,000
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2121 SE 50TH AVE

Portland, OR, 97215
$ 850,000
Bedrooms8 Baths4.0

Monthly Estimate*

$ 5,871

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Multi-Family Home for sale in Portland, OR

for $850,000 with 8 bedrooms and 4 full baths. This home was built in 1968 on a lot size of 0.11.

Fantastic opportunity to own a well maintained fourplex in a highly desirable Southeast Portland location near Hawthorne and Mt. Tabor. Whether you are looking for an investment property or the opportunity to live in one unit while collecting rental income from the others, this property offers flexibility, strong existing income, and long term potential.The building has been thoughtfully maintained with a newer roof (2021), new gutters (2024), fresh exterior paint completed September 2026, off street parking, and relatively low operating expenses. Unit 3 has been beautifully renovated with LVP flooring, an updated kitchen and living area, subway tile, new countertops, and appliances. Units 1, 2, and 4 retain much of their original character, are well maintained, and offer opportunities for future updates.Enjoy a walkable Southeast Portland location close to restaurants, cafés, shops, parks, and neighborhood favorites, with Mt. Tabor and Hawthorne nearby. A great opportunity to invest in a well cared for property with established rental income and future potential.

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Multi-Family Active

Price

$ 850,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 10,452

Style

Lot Size

0.11

Year Built

1968

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

157877053

Features
General
Sewer PublicSewer
Heating Baseboard
Cooling None
Roof Composition
Zoning R1
Year Built 1968
Tax Year 2025
Parcel Number R168924
Gross Income 59316.0
County Multnomah
Net Operating Income 41476.0
Operating Expense 17840.0
Property Type MultiFamily
HOA N
Rent Includes TrashCollection
Status Active
Directions SE Lincoln to SE 50th
High School Franklin
City Portland
Disclosures Disclosure
Number Of Units Total 4
MLS Area _143
Lot Size Square Feet 4791.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Glencoe
Tax Annual Amount 10452.2
Middle/Junior High School Mt Tabor
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description GILHAMS ADD & 2ND BLOCK 5 LOT 2
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Exterior
Parking Features Paved
Water Source PublicWater
Exterior Description BoardBattenSiding Brick
Lot Size Acres 0.11
Road Surface Type Paved
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Interior
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 Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Internal Only
Street Number 1 2121
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* Excluded Features
List By
Move Real Estate Inc

Broker

justineelyse88@gmail.com

Email

Affordability Calculator

$6,742
Per Month
87%
13%
0%
Monthly Principal & Interest
$5,871
Monthly Property Taxes
$871
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
1951009 Elementary School
1948940 Middle School
Franklin High School High School
Pricing History
DatePricePrice ChangeDescription
10/2/2026$850,000 Listed Price

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2121 SE 50TH AVE, Portland, OR, 97215 is a Multi-Family Home for sale at $850,000 with a lot size of 0.11. 2121 SE 50TH AVE has 8 bedrooms, 4.0 baths, and was built in 1968. The property's zip code is 97215 which is in Portland, OR