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    2845 NE M L King Blvd NE Portland, OR 97212

    New
    For Sale
    $1,475,000

    MULTI_FAMILY - Portland, OR

    Lot size:
    0.15 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 2845 NE M L King Blvd NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RHD
    Rooms
    Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 7, Bedroom 6, Bedroom 1, Bathroom 1, Bathroom 3, Bathroom 5, Bathroom 2, Bedroom 2, Bathroom 6, Bathroom 4
    Bedrooms
    6
    APN
    R102125
    Lot size
    0.15 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    2007
    Floors in Building
    2
    Number of units
    7
    Roof type
    Metal

    MORE Realty (503) 353-6673 [email protected]

    Listing agent Eric Lincoln (503) 353-6673

    Listing date Dec 3, 2025

    MLS# 287798087 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

    Portland Multifamily with Commercial Front

    This well-maintained and professionally managed 6-plex with a commercial street front is located in the sought-after Elliot neighborhood. The property features six one-bedroom units. Four of the six units have vaulted ceilings. Two units are upstairs with huge decks, large soaking tubs, separate showers, and walk-in closets. All units have in-unit laundry and air conditioning. This property provides diverse rental options for maximum appeal. Public transportation is at your doorstep, and the property is minutes from downtown and freeways. The property features gated courtyard living with front and back patios. It was built by a respected local contractor known for high-quality craftsmanship and style. There is a locking, lighted, convenient garbage and recycling room and on-site mailboxes. The property has street-side parking for successful business and liveability. The lot size is 0.15 acres. The zoning is RHD.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.661937
    Latitude
    45.543513

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 6-plex in Elliot neighborhood with commercial space.
    Where is this apartment building located?
    The property is located at 2845 NE M L King Blvd NE 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: - Prime location in the sought-after Elliot neighborhood, minutes from downtown and freeways with public transportation at your doorstep.; - Six-plex property with commercial street front, offering diverse rental options and income potential.; - All units are one-bedroom with in-unit laundry and air conditioning.
    (503) 353-6673
    Request Owner's contact information
    2845 NE M L King Blvd NE Portland, OR 97212
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    Portland, OR 97212
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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
    2845 NE M L King Blvd NE Portland, OR 97212
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