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Victorian Quadplex Property
For Sale
$745,000

446 NE IVY St, Portland, OR 97212

MultiFamily, Portland, OR

Property SizeContact for details
Days on Market52

Property Features for 446 NE IVY St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning RM1
Bedrooms 5
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 1
Elementary school Boise-Eliot
Middle school Beaumont
High school Grant
Directions MLK North to Ivy
Subdivision _142
Standard status Active
APN R102085

Taxes and HOA fees

Tax Description ALBINA, BLOCK 13, LOT 33
Tax Annual Amount 6511
Legal Description ALBINA, BLOCK 13, LOT 33

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1900
Floors in Building 2
Number of units 10
Roof type Composition
Listing Agency: ODonnell Group Realty
Listed By: Kathleen O'Donnell · License #200502109
Added: Jul 29 Changed: Sep 13 Last Checked: Sep 18 at 7:06AM
MLS# 307404529

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.

Built in 1900, this Victorian multifamily property contains four separate living spaces: a one-bedroom main residence, a walk-out lower-level one-bedroom apartment, a detached studio with a full kitchen, bath, and loft bedroom, and an attached two-story casita with two bedrooms and one bath. The property is suited to a renovation plan and is zoned RM1. Major improvements include a new sewer line installed in 2022, newer HVAC serving the main house, and central air throughout.

The property is located at 446 NE Ivy St in Portland’s inner northeast, near Irving Park, restaurants, cafes, and shops. The location also provides bike access to downtown and the Pearl District. Forced-air heating, central air, and a composition roof are included among the existing property features.

Key Highlights

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

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - 1900 multifamily property with four separate living spaces and renovation needs.
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 home, lower‑level apartment, detached studio, and attached casita; Main residence with 1 bedroom and 1 bath; lower‑level apartment with 1 bedroom and 1 bath; Detached studio includes a full kitchen, bath, and loft bedroom
More about this property
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