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    623 NE 74Th Ave Portland, OR 97213

    New
    For Sale
    $890,000

    MULTI_FAMILY - Portland, OR

    Property size:
    2,688 SF
    Days on Market:
    4
    Last Refresh:
    Dec 6 at 4:06 am

    Property Features for 623 NE 74Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R2.5
    Rooms
    Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 7, Bathroom 5, Bedroom 3, Bedroom 6, Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 5
    Bedrooms
    7
    APN
    R119381
    Size
    2,688 SF

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1961
    Floors in Building
    1
    Number of units
    5
    Roof type
    Composition

    EXP REALTY LLC (888) 814-9613 [email protected]

    Listing agent Lillie Barr (888) 814-9613

    Listing date Dec 3, 2025

    MLS# 707682250 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

    Montavilla Multifamily Investment Opportunity

    Located in Montavilla, this five-unit multifamily property at 623-629 NE 74th Ave, Portland, OR 97213, presents a rare investment opportunity. The property is situated on a 9,500 square foot (0.22-acre) lot and features a mix of one-bedroom and two-bedroom units. It offers stabilized cash flow in a convenient Northeast Portland location. The units have long-standing rents and the property includes off-street parking. This property is suitable for hands-on owners or small portfolio buyers looking to expand their holdings. The property benefits from strong neighborhood demand, easy access to local shops, transit, and schools. Interior updates and lease optimization offer straightforward value-add upside. The property has a Home Energy Score of 4.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -122.587098
    Latitude
    45.527446

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    FAQs

    What type of property is this?
    Apartment building - Five-unit property in NE Portland with assumable financing.
    Where is this apartment building located?
    The property is located at 623 NE 74Th Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $890,000.
    What are key features of this property?
    This property features: - Rare assumable 3.4% interest rate!; - Stabilized cash flow from 5 units (mix of 1-bed and 2-bed).; - Convenient NE Portland location with easy access to shops, transit, and schools.
    (888) 814-9613
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    623 NE 74Th Ave Portland, OR 97213
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    Portland, OR 97213
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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
    623 NE 74Th Ave Portland, OR 97213
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