$875,000

For Sale

2 years ago

4724 Ne 101St Ave, Portland, OR

Name: 4724 Ne 101St Ave, For Sale in Portland - eXp Realty
Brand: All Professionals Real Estate
SKU: 24068858
Price: 875000 USD

House

MLS® 24068858

0 Bed

0 Bath

4 Parking

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size -

Garage

Taxes $10,376

Days Active 590

Lot Size 0.12 Acres

Approx. Age 2005

MLS® Number 24068858

Property Address: 4724 Ne 101st Ave, Portland, OR, 97220-3399

Average square foot calculated using Size range provided by listing agent.

Description

**Investor Opportunity | Fully Occupied 4-Plex | Strong Cash Flow | Turnkey Asset**Expand your investment portfolio with this **fully leased, professionally maintained 4-plex** in the desirable Parkrose neighborhood of Northeast Portland. Built in **2005** and substantially updated in **2014**, this low-maintenance asset offers the combination every investor is looking for—**stable rental income, modern construction, and long-term appreciation potential.** Each of the four spacious units features **2 bedrooms, 2 full bathrooms, approximately 900 square feet**, open-concept living, washer/dryer hookups, dedicated storage, and private outdoor space. Lower units enjoy **fenced backyards**, while upper units offer **both front and rear balconies**, creating strong tenant appeal and supporting long-term occupancy. Currently generating **$73, 920 in annual gross income** with an estimated **$52, 920 net operating income**, this investment offers immediate cash flow with additional upside as rents continue to strengthen in the Portland market. Tenants pay their own utilities while owner expenses remain manageable, making this an ideal asset for both experienced investors and those seeking a quality addition to a growing portfolio. Situated on a level lot with off-street parking, fiber cement siding, forced-air gas heat, public utilities, and contemporary construction, this property is designed for durability and reduced maintenance. The convenient location provides quick access to I-205, Portland International Airport, public transportation, shopping, dining, parks, and major employers—features that continue to attract quality tenants year after year. Whether you're completing a 1031 Exchange, building passive income, or looking for a stable multifamily investment with proven occupancy, this property delivers the fundamentals that matter: strong cash flow, desirable unit mix, modern construction, and lasting investment potential.**Please do not disturb tenants**

MLS® Number24068858

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age2005

BasementCrawl Space

DrivewayAssigned, Off Street

Garage Spaces

HeatForced Air

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jan 2, 2025List Date

$875,000List Price

Commute

Commute

Starting Address

Destination Address

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