4724 NE 101ST AVE, Portland, OR 97220
- $875,000
- 4,320
- SqFt
- List Price
- $875,000
- Days on Market
- 574
- MLS#
- 24068858
- Property Type
- Multifamily
- Sqft. of Residence
- 4,320
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Portland Northeast
- Status
- ACTIVE
Property Description
**Investor Opportunity | Fully Occupied 4-Plex | Strong Cash Flow | Turnkey Asset**Expand your investment portfolio with this **fully leased, professionally maintained 4-plex** in the desirable Parkrose neighborhood of Northeast Portland. Built in **2005** and substantially updated in **2014**, this low-maintenance asset offers the combination every investor is looking for—**stable rental income, modern construction, and long-term appreciation potential.** Each of the four spacious units features **2 bedrooms, 2 full bathrooms, approximately 900 square feet**, open-concept living, washer/dryer hookups, dedicated storage, and private outdoor space. Lower units enjoy **fenced backyards**, while upper units offer **both front and rear balconies**, creating strong tenant appeal and supporting long-term occupancy. Currently generating **$73,920 in annual gross income** with an estimated **$52,920 net operating income**, this investment offers immediate cash flow with additional upside as rents continue to strengthen in the Portland market. Tenants pay their own utilities while owner expenses remain manageable, making this an ideal asset for both experienced investors and those seeking a quality addition to a growing portfolio. Situated on a level lot with off-street parking, fiber cement siding, forced-air gas heat, public utilities, and contemporary construction, this property is designed for durability and reduced maintenance. The convenient location provides quick access to I-205, Portland International Airport, public transportation, shopping, dining, parks, and major employers—features that continue to attract quality tenants year after year. Whether you're completing a 1031 Exchange, building passive income, or looking for a stable multifamily investment with proven occupancy, this property delivers the fundamentals that matter: strong cash flow, desirable unit mix, modern construction, and lasting investment potential.**Please do not disturb tenants**
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Additional Information
- Tax Amount
- $10,375
- Year Built
- 2005
- High School
- Parkrose
- Elementary School
- Prescott
- Middle School
- Parkrose
- Acres
- 0.12
- Living Area
- 4,320
- Stories
- 2
- Subdivision
- PARKROSE
- Lot Size Dimension
- 50 x 100
- Terms
- Cash, Conventional
- Fuel Description
- Gas
- Heating Description
- Forced Air
- Hoa Rent Includes
- Maintenance Grounds, Sewer, Trash Collection, Water
- Hot Water Description
- Electricity
- Exterior Description
- Cement Siding, Wood Siding
- Roof Type
- Composition, Shingle
- Sewer Description
- Public Sewer
- Parking
- Assigned, Off Street
- Parking Description
- Assigned, Off Street
- Road Surface
- Paved
- Number Of Units Total
- 4
- Unit Type One Baths Total
- 2
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1560
- Unit Type One Sq Ft
- 900
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 2
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 2
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 1520
- Unit Type Three Sq Ft
- 900
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 2
- Unit Type Four Beds Total
- 2
- Unit Type Four Rent
- 1530
- Unit Type Four Sq Ft
- 900
- Unit Type Four Units Total
- 1
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Listing courtesy of All Professionals Real Estate.
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