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Single-Level Multifamily Building
For Sale
$1,295,000

2475 NW RALEIGH St, Portland, OR 97210

MULTI_FAMILY - Portland, OR

Lot Size0.11 Acres
Days on Market120

Property Features for 2475 NW RALEIGH St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R2
Bedrooms 1
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 1, Bathroom 2
Elementary school Chapman
Middle school West Sylvan
High school Lincoln
Directions Between NW 25th & NW 23rd on Raleigh
Subdivision _148
Standard status Active
APN R171386
Lot size 0.11 Acres

Taxes and HOA fees

Tax Description GOLDSMITHS ADD, BLOCK 8, LOT 15 EXC E 6 OF S 50'
Tax Annual Amount 10254
Legal Description GOLDSMITHS ADD, BLOCK 8, LOT 15 EXC E 6 OF S 50'

Utilities

Heating system Forced Air
Cooling system Window Unit(s)

Building Details

Year built 1941
Floors in Building 1
Number of units 6
Roof type Composition
Listing Agency: Windermere Realty Trust · Windermere Real Estate
Listed By: Reese Iris · License #200210121
Added: Apr 6 Changed: Aug 2 Last Checked: Aug 3 at 1:06AM
MLS# 185985486

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 charming, single-level multifamily property is zoned R2 and built in 1941. The building includes wood floors throughout and is heated with forced air. Window unit cooling is provided. The exterior roof is composition. An unfinished basement with 1,296 SF offers space that could support additional storage needs.

The property sits on a 0.11-acre lot at 2475 NW Raleigh St in Portland, OR 97210. Wallace Park is across the street, supporting a walkable setting for nearby restaurants, coffee, shops, grocery, schools, and a hospital. The seller notes excellent tenants in place and low turnover.

The property configuration is designed for resident comfort, with each unit described as having a great layout and home-like feel. Interior viewing is subject to accepted offer, and tenants should not be disturbed.

Key Highlights

  • 0.11‑acre R2 lot at 2475 NW Raleigh St in Portland, OR 97210
  • Unfinished basement with 1,296 SF for storage or expansion potential
  • Wood floors throughout

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Daycare Center (Bike/Boat/Book/etc) Store Supermarket Mobile Phone Store Locksmith

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

Location Intelligence

Trade Area within ½ mile

3,489
Businesses Nearby

Demographics for 97210, OR

13,016
Population
7,910
Households
1.6
Avg Household Size
38
Median Age
76%
College-Educated
97%
High-School Grad
8.9 sq mi
ZIP Area
1,462
Density / Sq Mi
$87,942
Median Household Income
$66,429
Median Earnings
$1,577
Median Rent
$991,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Apartment building - Charming, single-level R2 multifamily with wood floors, forced air heating, and window A/C near Wallace Park.
Where is this apartment building located?
The property is located at 2475 NW RALEIGH St Portland, OR.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 0.11‑acre R2 lot at 2475 NW Raleigh St in Portland, OR 97210; Unfinished basement with 1,296 SF for storage or expansion potential; Wood floors throughout
More about this property
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