4620 NE Lombard St, Portland, OR 97218

Local realty services provided by:Columbia River Realty ERA Powered
4620 NE Lombard St,Portland, OR 97218
$850,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:julie yarnall
Office:keller williams realty portland premiere
MLS#:369379821
Source:PORTLAND

Price summary

  • Price:$850,000

About this home

Investor Opportunity. 5-Plex in NE Portland. Unlock reliable cash flow with this well-maintained 5-unit multi-family property in a high-demand rental area of NE Portland. Situated on a large lot, the property features two buildings: One-story triplex, three units, each 2 bed / 1 bath, approx. 780 sq ft. Plus a Two-story duplex, two units, each 2 bed / 1.5 bath, approx. 800 sq ft.Property Highlights: Upside potential with market adjustments. All units on month-to-month leases, flexibility for rent increases or redevelopment plans. Owner pays water/sewer/garbage; all-electric appliances and heating. Mix of carpet, laminate, and tile flooring; washer/dryer hookups in each unit. Ample off-street parking for tenants. Long-term tenants with consistent rental history.Prime Location: Just minutes from Portland International Airport, this property offers tenants easy access to public transit, shopping, dining, schools, and major commuter routes. Nearby NE 42nd Ave and Cully Blvd provide

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Home facts

  • Year built:1974
  • Listing ID #:369379821
  • Added:48 day(s) ago
  • Updated:September 29, 2025 at 11:17 AM

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1974
  • Lot area:0.29 Acres

Schools

  • High school:Leodis McDaniel
  • Middle school:Beaumont
  • Elementary school:Rigler

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$850,000
  • Tax amount:$7,756 (2024)
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