2522 NE Multnomah St, Portland, OR 97232

Portland
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
2522 NE Multnomah St,Portland, OR 97232
$400,000
  • - Beds
  • - Baths
  • 2,596 sq. ft.
  • Multi-family
  • Active
Listed by: lee davies, bradley harper
Office: eleete real estate503-292-1500
MLS#:369599158
Source:PORTLAND

Price summary

  • Price:$400,000
  • Price per sq. ft.:$154.08

About this home

Charming NE Portland duplex in the heart of the Multnomah/Lloyd District, offering both steady cash flow and an easy place to call home. Two spacious 3-bed/2-bath townhome-style units (approx. 1,200 sq. ft. each) feature in-unit washer/dryer, dishwasher, full kitchens, and functional layouts that live like single-family homes. Six off-street paved parking spaces and a level 3,924 sq. ft. R2.5 lot provide rare convenience and future flexibility in a close-in location.Investors will appreciate the 100% occupancy, stable tenant base, and “as-is” leased fee valuation of $400,000, supported by professional appraisal, in a submarket with strong incomes and ongoing demand for multifamily housing. With no known deferred major capital items and average overall condition, this is a straightforward hold with room to push rents over time.Owner-occupants and house-hackers can live in one 3-bedroom unit and offset expenses with rent from the other, all while enjoying quick access to I-84, TriMet,...

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Home facts

  • Year built:1980
  • Subdivision & Development:SULLIVAN'S GULCH
  • Listing ID #:369599158
  • Added:1 day(s) ago
  • Updated:August 15, 2026 at 12:24 AM

Rooms and interior

  • Basement Description:Crawl Space
  • Living area:2,596 sq. ft.

Heating and cooling

  • Cooling:Window Unit
  • Heating:Baseboard

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:1980
  • Building area:2,596 sq. ft.
  • Lot area:0.09 Acres
  • Lot Features:Level
  • Foundation Description:Slab
  • Levels:2 Stories

Schools

  • High school:Jefferson
  • Middle school:Harriet Tubman
  • Elementary school:Irvington

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$400,000
  • Price per sq. ft.:$154.08
  • Tax amount:$6,774 (2025)

Parking

  • Total parking spaces:6
  • Parking description:Open, Paved
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 Better Homes and Gardens Real Estate Equinox 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: August 15, 2026

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