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Six-Unit Apartment Building
For Sale
$1,475,000

2845 NE M L King Blvd, Portland, OR 97212

RHD-zoned property with one-bedroom residences, private patios, and in-unit laundry.

Property SizeContact for details
Days on Market418

Property Features for 2845 NE M L King Blvd

General Information

Standard status Active
Property subtype Multi Family Home
Zoning RHD

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes

Units

Unit Mix 6 x 1BR
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $13,431

Amenities

in-unit laundry
air conditioning
gated courtyard
patios
garbage and recycling room
on-site mail boxes

Building Details

Year Built 2007
Stories 2
Units 7
Listing Agency: MORE Realty
Listed By: Eric Lincoln
Source: Metanars
Added: Jun 12, 2025 Changed: Aug 3 Last Checked: Aug 3 at 6:19AM

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 MORE Realty

Investment Insights

Based on property information with market context.

Built in 2007, this six-unit apartment property contains an all one-bedroom unit mix and is positioned along NE M L King Blvd in Portland’s Elliot area. Four residences have vaulted ceilings, while the two upper-level units include oversized decks, soaking tubs, separate showers, and walk-in closets. Every unit offers in-unit laundry and air conditioning.

The property includes a gated courtyard, front and rear patios, on-site mailboxes, and a secured, illuminated room for garbage and recycling. Street-side parking supports both resident use and the property’s street-facing setting. Public transportation is nearby, with downtown and freeways accessible within minutes. The property is zoned RHD.

Key Highlights

  • Six‑unit apartment property built in 2007
  • All six residences are one‑bedroom units
  • Four units feature vaulted ceilings

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Locksmith Carpet & Flooring Store Mobile Phone Store

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

6
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3,431
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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - RHD-zoned property with one-bedroom residences, private patios, and in-unit laundry.
Where is this apartment building located?
The property is located at 2845 NE M L King Blvd Portland, OR.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Six‑unit apartment property built in 2007; All six residences are one‑bedroom units; Four units feature vaulted ceilings
More about this property
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