144 SE 85TH AVE, Portland, OR 97216

  • $775,000
  • $799,900

Overview

  • 1950
    Year Built
  • MultiFamily
    Property Type
  • 502946846
    MLS#
  • 0.23 Acres
    Land Area
  • Premiere Property Group, LLC
    Office Name
  • John McKay
    Agent Name

Description

Strong investment opportunity with immediate income potential in Montavilla! This property, situated on a double lot with excellent development upside, was purchased as a gorgeous mid-century with a shop. The home is split into two units, in addition to the shop converted into a cottage. The main home has been configured into two separate living spaces, offering seven total bedrooms – four on the main level and three on the lower – each rented individually. The former shop has been transformed into a detached one-bedroom one-bathroom unit with tall ceilings, bringing the total to eight income-producing tenants. Each unit is equipped with its own kitchen, washer/dryer, and water heater. Positioned on a spacious corner lot, this property offers significant flexibility for future expansion or redevelopment with possibility of building a new home in front of the detached extended living space. Sellers have nearly completed the lot partition – only utility adjustments to be finalized. Located in the vibrant Montavilla neighborhood with a 98 Bike Score, enjoy easy access to freeways, tons of shopping, dining, transportation, plus convenient to all that Mt Tabor has to offer! Tenant occupied, please DO NOT walk property or disturb tenants.

Details

Updated on June 4, 2026 at 5:44 pm
  • MLS# 502946846
  • Price $775,000
  • Land Area 0.23 Acres
  • Garage Size x x
  • Year Built 1950
  • Property Type MultiFamily
  • Property Status Active
  • Office Name Premiere Property Group, LLC
  • Agent Name John McKay
  • Office Phone 503-670-9000

Additional details

  • Listing Terms Cash, Conventional
  • Roof Composition, Metal
  • Sewer Public Sewer
  • Cooling Central Air, Mini Split
  • Heating Forced Air, Mini Split
  • County Multnomah
  • Property Type MultiFamily
  • Parking Driveway
  • Elementary School Vestal
  • Middle School Harrison Park
  • High School Leodis McDaniel

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