144 SE 85TH Ave Portland, OR 97216
- Added:
- Mar 19, 2026
- Days on Market:
- 39
- Last Refresh:
- Apr 26 at 4:06 pm
Property Features for 144 SE 85TH Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 7, Bedroom 3, Bedroom 1, Bedroom 5, Bathroom 2, Bedroom 8, Bedroom 2
- Standard status
- Active
- APN
- R284669
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Description
- TERRACE PK, BLOCK 7, LOT 1&2
- Tax Annual Amount
- 8819
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Metal, Composition
Listing agent John McKay (503) 702-5529
Listing office Premiere Property Group, LLC 4743 NE Fremont St, Lake Oswego, OR (503) 670-9000
Listing date Mar 19, 2026
MLS# 502946846
Listing URL
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Overview
Montavilla Multifamily Investment Opportunity
This multifamily property presents a strong investment opportunity with immediate income potential in Portland's Montavilla neighborhood. Situated on a double lot, the property offers excellent development upside. The original mid-century home has been split into two units, in addition to a shop that has been converted into a cottage. The main home is configured into two separate living spaces, offering a total of seven bedrooms, with four on the main level and three on the lower level. Each bedroom is rented individually. The former shop has been transformed into a detached one-bedroom, one-bathroom unit with tall ceilings, bringing the total to eight income-producing tenants. Each unit is equipped with its own kitchen, washer/dryer, and water heater. Positioned on a spacious corner lot of 0.23 acres, this property offers significant flexibility for future expansion or redevelopment, with the possibility of building a new home in front of the detached extended living space. The sellers have nearly completed the lot partition, with only utility adjustments to be finalized. Located in the vibrant Montavilla neighborhood with a 98 Bike Score, the property enjoys easy access to freeways, shopping, dining, transportation, and Mt. Tabor.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.575697
- Latitude
- 45.52131
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Income-producing property with development potential in vibrant Montavilla neighborhood.
Where is this multifamily property located?
The property is located at 144 SE 85TH Ave Portland, OR.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Immediate income potential from 8 tenant‑occupied units.; Double lot with excellent development upside and potential for future expansion or redevelopment.; Lot partition nearly completed, offering flexibility for building a new home.
