4620 NE Lombard St, Portland, OR 97218
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
4620 NE Lombard St,Portland, OR 97218
$850,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: julie yarnall, jaelle johnson
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 convenient local services, while downtown Portland is an easy drive. This is a turn-key income property with stable occupancy and room for value-add improvements. Whether you’re expanding your portfolio or entering the Portland multifamily market, this 5-plex delivers immediate cash flow and long-term appreciation potential. No sign on property, do not disturb tenants. Shown by appointment only,
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Home facts
- Year built:1974
- Listing ID #:369379821
- Added:94 day(s) ago
- Updated:November 14, 2025 at 05:24 PM
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)
All 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 Realty Partners are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: November 14, 2025New listings near 4620 NE Lombard St
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