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    2448 SE 117Th Ave Portland, OR 97216

    For Sale
    $1,475,000

    MULTI_FAMILY - Portland, OR

    Property size:
    5,899 SF
    Lot size:
    0.27 Acres
    Days on Market:
    62
    Last Refresh:
    Dec 6 at 11:06 am

    Property Features for 2448 SE 117Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM2
    Rooms
    Bedroom 3, Bedroom 7, Bedroom 8, Bathroom 7, Bathroom 8, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 5, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 6, Bedroom 9
    Bedrooms
    9
    APN
    R145740
    Size
    5,899 SF
    Lot size
    0.27 Acres

    Building Details

    Year built
    2004
    Floors in Building
    3
    Number of units
    7
    Roof type
    Composition

    Living Room Realty (503) 719-5588 [email protected]

    Listing agent David Columbus (503) 719-5588

    Listing date Oct 6, 2025

    MLS# 535479438 Listing URL

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Multifamily Investment Opportunity

    This multifamily investment opportunity is located in the Mill Park neighborhood. The property includes a six-unit apartment building and a separate single-family home built in 1938, situated on a single tax lot. The standalone home features three bedrooms, two full bathrooms, and a partial basement. Each unit in the adjacent apartment building is a generously sized one-bedroom apartment, thoughtfully designed with private decks, in-unit washer/dryers, and dedicated storage space. The property is located within close proximity to public transportation, schools, parks, restaurants, bakeries, and a Grocery Outlet, combining urban convenience with residential comfort. The property is zoned RM2 and sits on a 0.27-acre lot. The property's total size is 5899 square feet. This turn-key investment offers low maintenance requirements, historically low turnover, and immediate cash flow in a high-demand rental market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.54236
    Latitude
    45.504516

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained, income-generating property in desirable Mill Park neighborhood.
    Where is this apartment building located?
    The property is located at 2448 SE 117Th Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $1,475,000.
    What are key features of this property?
    This property features: - Turn-key multifamily investment with immediate cash flow in a high-demand rental market.; - Includes a six-unit apartment building and a separate single-family home on a single tax lot.; - Standalone home features **three bedrooms, two bathrooms, and a partial basement.**
    (503) 719-5588
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    2448 SE 117Th Ave Portland, OR 97216
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    Portland, OR 97216
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2448 SE 117Th Ave Portland, OR 97216
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