623 NE 74th Ave, Portland, OR 97213

Local realty services provided by:ERA Freeman & Associates, Realtors
623 NE 74th Ave,Portland, OR 97213
$890,000
  • - Beds
  • - Baths
  • 2,688 sq. ft.
  • Multi-family
  • Pending
Listed by: lillie barr
Office: exp realty, llc.
MLS#:707682250
Source:PORTLAND

Price summary

  • Price:$890,000
  • Price per sq. ft.:$331.1

About this home

ASSUMABLE Option @ 3.4%. Rare opportunity to acquire a 5-unit multifamily property in the Montavilla neighborhood of NE Portland. 623–631 NE 74th Ave offers a compelling combination of location, charm, and long-term investment potential that continues to draw strong interest.Situated on an 9,500 SF (0.22-acre) lot, this well-maintained asset features a desirable mix of 1-bedroom and 2-bedroom units, along with on-site laundry, owner storage, and off-street parking—features that support strong rental retention and operational efficiency.The property is stabilized with long-standing tenants, providing immediate income, while offering clear value-add upside through interior improvements and rent optimization. This is a solid, well-located property suited for a skilled investor or portfolio buyer seeking to enhance value over time.Located in a high-demand rental area with easy access to neighborhood amenities, public transportation, schools, and major routes throughout NE Portland.

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Home facts

  • Year built:1961
  • Listing ID #:707682250
  • Added:108 day(s) ago
  • Updated:January 28, 2026 at 08:34 AM

Rooms and interior

  • Living area:2,688 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1961
  • Building area:2,688 sq. ft.

Schools

  • High school:Leodis McDaniel
  • Middle school:Roseway Heights
  • Elementary school:Vestal

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$890,000
  • Price per sq. ft.:$331.1
  • Tax amount:$9,853 (2025)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than ERA Freeman & Associates, Realtors are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: January 28, 2026

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