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7-Unit Apartment Building
For Sale
$1,400,000

4811/4823 NE PRESCOTT St, Portland, OR 97218

MultiFamily, Portland, OR

Property SizeContact for details
Lot Size0.68 Acres
Days on Market142

Property Features for 4811/4823 NE PRESCOTT St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Multi
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2
Elementary school Rigler
Middle school Beaumont
High school Leodis McDaniel
Directions Take NE 47th Ave north, then turn East onto NE Prescott St
Subdivision _142
Standard status Active
APN R317714
Lot size 0.68 Acres

Taxes and HOA fees

Tax Description SECTION 19 1N 2E, TL 13200 0.68 ACRES
Tax Annual Amount 13143
Legal Description SECTION 19 1N 2E, TL 13200 0.68 ACRES

Building Details

Year built 1975
Number of units 7
Roof type Composition
Listing Agency: Opt
Listed By: Henry Liu · License #201239958
Added: Apr 30 Changed: Sep 17 Last Checked: Sep 18 at 2:06AM
MLS# 395703257

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 7-unit apartment property occupies 0.68 acres in Portland’s Cully neighborhood. The unit mix includes six 2-bedroom, 1-bathroom apartments and one 3-bedroom, 1-bathroom apartment with a private garage. Built in 1975, the property has a composition roof installed five years ago and double-pane windows throughout. Multi zoning is also identified for the property.

The setting provides access to parks, dining, shopping, and public transit within the Cully area. The combination of multiple residential layouts, a garage-equipped unit, and documented capital improvements provides a clear overview of the property’s physical configuration.

Key Highlights

  • 7‑unit apartment property on 0.68 acres
  • Six 2‑bedroom, 1‑bathroom units
  • One 3‑bedroom, 1‑bathroom unit with a private garage

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office HVAC Service Parking Lot & Garage Electrical Service Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

949
Businesses Nearby

Demographics for 97218, OR

14,748
Population
6,440
Households
2.3
Avg Household Size
38
Median Age
51%
College-Educated
91%
High-School Grad
6.7 sq mi
ZIP Area
2,201
Density / Sq Mi
$81,367
Median Household Income
$45,830
Median Earnings
$1,440
Median Rent
$493,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - A varied bedroom mix is complemented by recent roof and window upgrades across the property.
Where is this apartment building located?
The property is located at 4811/4823 NE PRESCOTT St Portland, OR.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 7‑unit apartment property on 0.68 acres; Six 2‑bedroom, 1‑bathroom units; One 3‑bedroom, 1‑bathroom unit with a private garage
More about this property
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