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Portland Multifamily Investment Opportunity

2575 NW LOVEJOY St, Portland, OR 97210

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For Sale

$1,699,950

MULTI_FAMILY - Portland, OR

Property size:

7,182 SF

Lot size:

0.21 Acres

Price / SF:

$236/SF

HighLights

100% occupied investment property in prime Nob Hill location, two blocks from NW 23rd Avenue.
New roof (2023‑2024)
Eight on‑site parking spaces, a rare and valuable amenity in the NW district.
Private decks and fireplaces in each unit enhance tenant appeal.
Proximity to Forest Park and NW 23rd Avenue.
Individual storage units provide tenants with extra storage space.

We can help!

Listing Contact

Colleen Hildebrand

For Sale

$1,699,950

MULTI_FAMILY - Portland, OR

Property size:

7,182 SF

Lot size:

0.21 Acres

Price / SF:

$236/SF

Added:: Feb 19, 2026
Days on Market:: 120
Last Refresh:: Jun 19 at 2:06 pm

Property Features for 2575 NW LOVEJOY St

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: RM3
Bedrooms: 13
Bathrooms: 8
Rooms: Bathroom 1, Bedroom 5, Bedroom 10, Bedroom 13, Bedroom 6, Bedroom 1, Bathroom 5, Bathroom 6, Bedroom 4, Bedroom 12, Bedroom 2, Bathroom 8, Bathroom 3, Bedroom 7, Bedroom 3, Bedroom 8, Bedroom 11, Bathroom 2, Bathroom 4, Bathroom 7, Bedroom 9
Standard status: Active
APN: R171500
Size: 7,182 SF
Lot size: 0.21 Acres

Taxes and HOA fees

Tax Description: GOLDSMITHS ADD, BLOCK 15 TL 700
Tax Annual Amount: 22251

Utilities

Heating system: Zoned

Building Details

Year built: 1960
Floors in Building: 2
Number of units: 8
Roof type: Composition

We can help!

Listing Contact

Colleen Hildebrand

Listing agent Colleen Hildebrand License #201224237

Listing office Kohler Meyers O'Halloran Inc. 333 N Main Ave Suite 109, Gresham, OR

Listing date Feb 19, 2026

MLS# 430280548 Listing URL

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.

HighLights

100% occupied investment property in prime Nob Hill location, two blocks from NW 23rd Avenue.
New roof (2023‑2024)
Eight on‑site parking spaces, a rare and valuable amenity in the NW district.
Private decks and fireplaces in each unit enhance tenant appeal.
Proximity to Forest Park and NW 23rd Avenue.
Individual storage units provide tenants with extra storage space.

Overview

This is an investment opportunity located in Portland's vibrant NW district, Nob Hill, two blocks from NW 23rd Avenue. The property is a meticulously maintained 8-unit multifamily building that is 100% occupied. A new roof was installed in 2023-2024. Each unit is designed with comfort in mind and features cozy fireplaces and private decks. Individual storage units cater to organizational needs. There are eight on-site numbered parking spaces. Convenient laundry facilities are available on site. The property is located moments away from the trails of Forest Park and with quick access to 23rd Ave. & downtown Portland's dining and entertainment scene. The property is zoned RM3 and sits on a 0.21-acre lot. The building size is 7,182 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$176.7k	$24.60
− Vacancy	−$9.0k	−$1.25
EGI	$167.7k	$23.35
− OpEx	−$75.4k	−$10.51
NOI	$92.2k	$12.84

7,182 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.32M

$1.15M – $1.54M (±1% cap)

NOI $92,217 @ 7.0% cap · market cap 5.42%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.02M

$1.76M – $2.35M (±1% cap)

NOI $141,182 @ 7.0% cap · market cap 8.31%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.704263
Latitude: 45.529963

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View Details

For sale
Apartment buildings
OR
Portland
97210
2575 NW LOVEJOY St

What type of property is this?

Apartment building - Meticulously maintained 8-unit property in Portland's vibrant NW district.

Where is this apartment building located?

The property is located at 2575 NW LOVEJOY St Portland, OR.

What is the asking price?

The asking price for this property is $1,699,950.

What are key features of this property?

This property features: 100% occupied investment property in prime Nob Hill location, two blocks from NW 23rd Avenue.; New roof (2023‑2024); Eight on‑site parking spaces, a rare and valuable amenity in the NW district.

2575 NW LOVEJOY St, Portland, OR 97210

MULTI_FAMILY - Portland, OR

Property Features for 2575 NW LOVEJOY St

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Six-Unit Apartment Community

Single-Level Fourplex with Garages

Detached Cottage Multifamily Portfolio

New Construction Cottage Portfolio

New Multifamily Investment by Park

Versatile Commercial Property with Warehouse

1907 Duplex with Separate Entrances

Mixed-Use Development Fixer

Rose City Park Multifamily Investment

New Cottage Homes in Beaumont-Wilshire

Four-Unit Residential Income Property

Leased Triplex with Coin-Op Laundry

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