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7-Unit Apartment Building
For Sale
$1,400,000

4811-4823 Northeast Prescott Street, Portland, OR 97218

Multifamily property with varied floor plans, a private garage, and recent building improvements.

Property Size910 SF
Price / SF$1,538
Days on Market131

Property Features for 4811-4823 Northeast Prescott Street

General Information

Standard status Active
Size 910 SF
Total Parking Spaces 13
Property subtype Multi Family
Zoning Multi

Units

Unit Mix 6 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units 7

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $13,143

Amenities

Crawl Space
Composition
Wood Siding

Building Details

Year Built 1975
Listing Agency: Opt
Listed By: Henry Liu · License #201239958
Source: Compass
Added: Apr 30 Changed: Sep 6 Last Checked: Sep 7 at 11:12AM

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 Opt

Investment Insights

Based on property information with market context.

This 7-unit apartment property includes six two-bedroom, one-bathroom residences and one three-bedroom, one-bathroom residence. The larger unit includes a private garage. Built in 1975, the property has a crawl space, composition exterior elements, and wood siding.

Capital improvements include a roof installed five years ago and double-pane windows throughout. The property is located at 4811-4823 Northeast Prescott Street in Portland’s Cully neighborhood, with access to parks, dining, shopping, and public transit.

Key Highlights

  • Seven units with six 2‑bedroom residences and one 3‑bedroom residence
  • Private garage associated with the 3‑bedroom, 1‑bathroom unit
  • New roof installed five years ago

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office HVAC Service Parking Lot & Garage Electrical Service Computer & Electronic Repair

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

7
Residential units

Location Intelligence

Trade Area within ½ mile

949
Businesses Nearby

Demographics for 97218, OR

14,748
Population
6,440
Households
2.3
Avg Household Size
38
Median Age
51%
College-Educated
91%
High-School Grad
6.7 sq mi
ZIP Area
2,201
Density / Sq Mi
$81,367
Median Household Income
$45,830
Median Earnings
$1,440
Median Rent
$493,300
Median Home Value

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?
Apartment building - Multifamily property with varied floor plans, a private garage, and recent building improvements.
Where is this apartment building located?
The property is located at 4811-4823 Northeast Prescott Street Portland, OR.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Seven units with six 2‑bedroom residences and one 3‑bedroom residence; Private garage associated with the 3‑bedroom, 1‑bathroom unit; New roof installed five years ago
More about this property
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