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    4060 N Montana Ave Portland, OR 97227

    For Sale
    $1,900,000

    Six-unit multifamily property in North Portland's Overlook neighborhood.

    Property size:
    5,520 SF

    Property Features for 4060 N Montana Ave

    General Information

    Size
    5,520 SF

    Building Details

    Year built
    2024

    Source: Nicholas Diamond Agent Nicholas Diamond

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Multifamily Building in Portland

    This new construction multifamily property is located on Montana Avenue in North Portland's Overlook neighborhood, within walking distance of restaurants, bars, and coffee shops. The building contains six units, each featuring two bedrooms and two bathrooms. The building's gross area is 5,520 square feet, situated on a 5,000-square-foot lot. The zoning is RM1 - Residential Multi-Dwelling 1. Units feature high ceilings, quartz countertops, an exterior patio or deck, and abundant natural light. All units are currently in lease up, presenting a low-maintenance asset in a desirable neighborhood.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm 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
    -122.679501
    Latitude
    45.5530893

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    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property in North Portland's Overlook neighborhood.
    Where is this apartment building located?
    The property is located at 4060 N Montana Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - New construction multifamily property; - Located in desirable North Portland Overlook neighborhood; - Condo grade finishes: quartz countertops, high ceilings
    (503) 222-2655
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    4060 N Montana Ave Portland, OR 97227
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    Portland, OR 97227
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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
    4060 N Montana Ave Portland, OR 97227
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