Portland, OR 97213,623 NE 74TH AVE
Portland, OR 97213,623 NE 74TH AVE
Portland, OR 97213,623 NE 74TH AVE
Portland, OR 97213,623 NE 74TH AVE
Portland, OR 97213,623 NE 74TH AVE
Portland, OR 97213,623 NE 74TH AVE
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Matt Lagassé

Matt Lagassé

+1(971) 506-4432
Listed by eXp Realty, LLC • 503-313-8806
$ 890,000
Est. payment | /mo

2,688 SqFt

Save
$ 890,000
Est. payment | /mo
Save

2,688 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 2,688 sqft

Price per Sqft $331

MLS Listing ID 707682250

HOA Y/N No

Year Built 1961

Annual Tax Amount $9,852

Tax Year 2025

Property Description

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. Properties of this size and quality are rarely available in this submarket.Seller is a Licensed Real Estate Agent in Oregon and Trustee to the property. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10242612]

Location

State OR

County Multnomah

Area _143

Zoning R2.5

Rooms

Basement None

Interior

Heating Baseboard

Cooling None

Exterior

Roof Type Composition

Garage No

Building

Lot Description Level

Story 1

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Vestal

Middle Schools Roseway Heights

High Schools Leodis Mcdaniel

Others

Acceptable Financing Assumable, Cash, Conventional

Listing Terms Assumable, Cash, Conventional

Regional Multiple Listing Service (RMLS)

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Laurelhurst Elementary School

    Public | KG - 8

  • 8

    Beverly Cleary School

    Public | KG - 8

  • 8

    Sunnyside Environmental School

    Public | KG - 8

  • 8

    Richmond Elementary School

    Public | PK - 5

  • 8

    Glencoe Elementary School

    Public | KG - 5

  • 7

    Woodstock Elementary School

    Public | KG - 5

  • 6

    Creston Elementary School

    Public | KG - 8

  • 6

    Arleta Elementary School

    Public | KG - 8

  • 6

    Portland Arthur Academy Charter School

    Public | KG - 5

  • 6

    Cherry Park Elementary School

    Public | KG - 5

  • 5

    Atkinson Elementary School

    Public | KG - 5

  • 5

    Roseway Heights Elementary School

    Public | KG - 8

  • 5

    Marysville Elementary School

    Public | KG - 8

  • 5

    Harrison Park Elementary School

    Public | KG - 8

  • 5

    Prescott Elementary School

    Public | KG - 5

  • 5

    Sacramento Elementary School

    Public | KG - 5

  • 5

    Ventura Park Elementary School

    Public | KG - 5

  • 5

    West Powellhurst Elementary School

    Public | KG - 5

  • 4

    Lee Elementary School

    Public | KG - 8

  • 4

    Earl Boyles Elementary School

    Public | KG - 5

Middle Schools 6
  • 7

    Mt Tabor Middle School

    Public | 6 - 8

  • 7

    Ron Russell Middle School

    Public | 6 - 8

  • 5

    Beaumont Middle School

    Public | 6 - 8

  • 5

    Floyd Light Middle School

    Public | 6 - 8

  • 0

    De Paul Alternative School

    Private | 8 - 12

  • 0

    Mt Scott Park Center for Learning

    Private | 7 - 12

High Schools 8
  • 7

    Grant High School

    Public | 9 - 12

  • 7

    Franklin High School

    Public | 9 - 12

  • 4

    Madison High School

    Public | 9 - 12

  • 0

    Alliance High School

    Public | 9 - 12

  • 0

    Naya Early College Academy

    Private | 9 - 12

  • 0

    Helensview High School

    Public | 9 - 12

  • 0

    Portland Youth Builders

    Private | 12 - 12

  • 0

    Portland Adventist Academy

    Private | 9 - 12

School and business data provided by Attom Data.
Matt Lagassé

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(971) 506-4432

[email protected]

320 N Main Ave #213, Gresham, OR, 97030, USA

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623 NE 74TH AVE