5 Portland MultiFamily Homes for Sale Under $210K a Unit

Calling all investors! Are you looking to buy an investment property for the first time or interested in diversifying your portfolio? With interest rates still low (but destined to start rising in 2022), and people continuing to move into the area, now’s a great time to find that investment property you’ve been thinking about. We have the full map of all Portland homes and multifamily for sale.

Searching for investment properties can be time consuming. Using our website with its one-of-a-kind VestorFilter™, it’s easy to find the full map of all Portland multi-family homes sorted by best price per rentable unit.

And because we assume you want the best return on your investment, we narrowed our findings to 5 multi-family homes for sale under $210K a unit. To find these homes, we did a general “Portland” search on our site, then selected “Best Price per Unit.”

Take a look at these investment opportunities and see which one sparks your interest!

#1 – 10857 NE Glisan St

This traditional duplex offers an excellent opportunity. The units are mirror image with one-level living and minimal steps. The building has newer vinyl windows and sliders and new electrical panels. Unit 10857 was recently updated with paint, carpet, and laminate flooring, and 10859 is in vintage condition with a 30+-year tenant. Each unit has laundry hookups, a carport for two cars plus two additional spaces, and a private fenced yard. This is a solid investment with both units already rented! Please do not disturb tenants.

#2 – 525 N Simpson St

This 4-plex in N. Portland is the ideal owner-occupied opportunity! All units have been extensively remodeled inside and out. The large main floor unit is currently vacant, has two bedrooms, and lives like a house. There’s a charming one bedroom upstairs plus a great studio unit. The detached garage is rented separately and could be an ADU conversion opportunity, adding even more value to this great income producing property. Come check out the possibilities!

#3 – 7425 N New York Ave

This as-is property is part of an estate and waiting for the right person to come transform it! There’s potential to subdivide with a 4-plex at 7425 and a single-family home at 7447. Buyer to do repairs. All offers are subject to interior inspection.

#4 – 212 N Dekum St

This super clean and tidy 4-plex is located in Portland’s rising Piedmont District. This property is on a corner lot, right on the Vancouver Ave. bus line, and offers an abundance of off street parking, as well. The building features like-new siding, newer membrane roof, new staircase railings and paint, and an onsite laundry room. The grounds are simple to maintain, and the units have been updated over time, as tenancies turn. Income is solid, yet rents still have room to grow!

#5 – 73 NE Stanton St

This beautiful, historic 8-plex right off N. Williams boasts a Walkscore of 91 and a Bikescore of 100. Many units have been remodeled, and the property is 100% occupied with most tenants on a lease. Extra storage units are located in the basement. This one is a great investment with its historic charm, excellent location, and upside in rents!

Looking for a Multi-Family Home in Portland?

If want to invest in a multi-family home, it’s important that you work with a top 1% buyers agent experienced in multi-family real estate. We’re happy to show you what’s out there and help you find the best investment for your needs and budget. Give us a call today at 503-773-0000 or chat with our bot on this site.

Written by Stephen FitzMaurice
Published on January 12, 2022