A rare opportunity to own a fourplex in Portland’s coveted Alphabet District, blending historic charm with income-producing potential. The spacious main residence is currently vacant, ideal for owner-occupied living with rental income from three additional units. Built in 1912, the property showcases timeless architectural details and flowing living spaces.The main residence welcomes you into an elegant living room anchored by a fireplace with dentil molding, flanked by built-in bookcases and diamond-pane windows. Pocket doors open to a formal dining room with classic wainscoting. The kitchen features a gas range, tile backsplash, French-door refrigerator, and breakfast nook with a built-in hutch. Sliding doors lead to the back deck and expansive backyard reserved exclusively for the main residence. Framed by established landscaping, this private retreat offers a generous patio for alfresco dining and entertaining. The main residence includes 2 bedrooms and 2 bathrooms, highlighted by a primary suite with a walk-in closet and ensuite bath featuring a walk-in shower. A lower-level bonus room offers flexible office or storage space.Three additional residences add versatility and rental-income potential. The lower-level 1-bedroom, 1-bath unit features an open living, dining, and kitchen area. Both upper-level units offer 2 bedrooms and 1 bathroom. The second-floor residence features a gas fireplace, eat-in kitchen, two spacious bedrooms with walk-in closets, a covered rear deck overlooking the backyard, and an expansive front deck with views toward NW Johnson Street. The top-floor residence features French doors, a private deck, two generous walk-in closets, and approximately 300 square feet of additional storage.Moments from the boutiques, restaurants, cafés, and amenities of NW 23rd Avenue, this exceptional property offers a compelling opportunity for owner-occupants and investors alike.