5 Fourplexes in Portland for Sale starting at $730K

Ready to invest in a fourplex to diversify your portfolio or dip your toe into the multi-family world for the first time? Now is a good time to take a look and see what’s out there, especially with spring on the way and the market preparing to heat up. We have the full map of Portland multi-plexes for sale. Whether you’re new to the world of owning rental properties or have been around the block a few times, it’s important to keep up on rental laws. Read our article, Portland Rental Law: What Landlords Should Know.

We did some investigating to see what’s out there and found these five fourplexes in N/NE Portland for sale between $730K – $1.65M we think you might want to consider. To find these properties, we simply selected “Multifamily Unit Count” then set it to “4.”

See what you think!

1. 903 NE 183rd Ave

This fully occupied four-plex offers excellent income potential in a desirable location. The large, deep fenced lot (11,250 sq. ft.) has ample parking and a total of five garage spaces. It’s currently under-rented but could become a cash cow with rent increases and turnovers. The property is professionally managed with DND tenants (Unit 907 has given notice to vacate by 5/21). Offers are subject to interior inspection.

2. 4338 NE 17th Ave

This historic Sabin property offers a Craftsman duplex for multi-family living or a single-family residence, including a third-floor, light-filled apartment. There’s also a darling art studio/cottage in the south-facing, sunny back yard and a basement studio with storage and a garage. Sitting high up on a wide street with tree-lined views from the large front porch, this property has updated plumbing and electric. The interiors have all the original built-ins. Residents here enjoy easy access to Alberta, grocery stores, cafes, Sabin/Grant schools, parks, the Going bike corridor, and more. This one’s a great investment opportunity!

3. 2223 NE 9th Ave

Experience old-world charm in this historic Irvington quadraplex within close proximity to Broadway shops, Lloyd Center, parks, coffee shops, restaurants, public transportation, and medical care. This jewel box with original leaded glass, woodwork, moldings, fixtures, coved ceilings, and more has a ton of upside and received a new roof in 2019. This lovely property has had the same owner for 40 years. Come make your mark!

4. 4831 N Maryland Ave

This fully remodeled, turn-key, close-in four-plex in Overlook has new siding, roof, electrical, plumbing, gutters, windows, decks, bathrooms, kitchens, interiors, and more. Two units have very high-end finishes with quartz countertops, new cabinetry, fully remodeled kitchens with islands, stainless steel appliances, renovated bathrooms, and lighting. This one can be a portfolio sale with RMLS#22309308.

5. 8216 N Chautauqua Blvd

Come see this fantastic opportunity for investment or owner-occupied living plus rental income. Built in 2019, these homes have chic urban design and a detached ADU. The prime location offers easy access to neighboring Columbia Park, University of Portland, coffee shops, restaurants, shopping, and all the amenities you could desire. The interior offers an open, flowing floor plan highlighted with quartz countertops, stainless steel appliances, spacious master suite, cute back patio, and fenced back yard.

Ready to Buy a Fourplex in Portland?

After successfully serving buyers in the Portland metro area for 18 years, we’re confident our top 1% buyer’s team can help you find just what you’re looking for. Chat with the bot on our site, or give us a call at 503-773-0000. We look forward to working with you!

Written by Stephen FitzMaurice
Published on April 5, 2022