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Four-Unit Victorian Property
For Sale
$745,000

446 NE Ivy ST, Portland, OR 97212

Historic residential property with four distinct living spaces and RM1 zoning, positioned near Irving Park and neighborhood retail.

Property Size818 SF
Price / SF$910.76
Days on Market31

Property Features for 446 NE Ivy ST

General Information

Standard status Active
Size 818 SF
Property subtype Multi-Family
Zoning RM1

Units

Unit Mix 2 x 1BR/1BA, 1 x studio, 1 x 2BR/1BA
Multifamily Units 4

Amenities

air conditioning

Building Details

Year Built 1900
Construction Victorian
Listing Agency: Kelly Right Real Estate Of Seattle LLC
Listed By: Donna Roberts
Source: Donnarobertsgroup
Added: Jul 31 Changed: Aug 28 Last Checked: Aug 29 at 9:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kelly Right Real Estate Of Seattle LLC

Investment Insights

Based on property information with market context.

Built in 1900, this Victorian residential property is configured as four separate living spaces. The primary residence offers one bedroom and one bathroom, while the walk-out lower level contains a one-bedroom apartment. A detached studio includes a full kitchen, bathroom, and loft bedroom. The attached two-story casita adds two bedrooms and one bathroom. The property is positioned for renovation, with a new sewer line completed in 2022, newer HVAC serving the main house, and AC throughout.

Located at 446 NE Ivy St in Portland’s inner northeast, the property is near Irving Park, restaurants, cafés, and shops. RM1 zoning supports the existing residential configuration and the four-unit use described for the property.

Key Highlights

  • Four separate living spaces, including a main residence, lower‑level apartment, detached studio, and attached casita
  • Main home includes 1 bedroom and 1 bathroom
  • Detached studio has a full kitchen, bathroom, and loft bedroom

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Carpet & Flooring Store Home Appliance Store Nursing Home Tanning Salon

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

3,173
Businesses Nearby

Demographics for 97212, OR

26,568
Population
12,064
Households
2.2
Avg Household Size
40
Median Age
70%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
9,840
Density / Sq Mi
$128,098
Median Household Income
$65,836
Median Earnings
$1,790
Median Rent
$824,800
Median Home Value

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?
Quadplex - Historic residential property with four distinct living spaces and RM1 zoning, positioned near Irving Park and neighborhood retail.
Where is this quadplex located?
The property is located at 446 NE Ivy ST Portland, OR.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Four separate living spaces, including a main residence, lower‑level apartment, detached studio, and attached casita; Main home includes 1 bedroom and 1 bathroom; Detached studio has a full kitchen, bathroom, and loft bedroom
More about this property
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