1. Oregon
2. Portland
3. 4509 N Montana Ave

4509 N Montana Ave, Portland, OR 97217

• 4,500 sqft

Property Description

Investor Alert! Exceptional opportunity to own two well-maintained 4-plexes across multiple lots, including a vacant lot primed for development under Portland’s favorable RIP zoning code—all located in the highly sought-after Overlook neighborhood of North Portland. Each of the eight existing units is a spacious, single-level 1 bed / 1 bath featuring thoughtful updates, quality finishes, and strong rental appeal with clear upside potential. Tenants enjoy private entrances, efficient gas appliances and utilities, comfortable floor plans, and access to beautifully landscaped shared outdoor space—perfect for relaxing or entertaining.The oversized footprint and separate vacant lot present incredible potential to add more units or expand amenities to significantly increase long-term cash flow. Recent system and cosmetic upgrades minimize future capital expenses and ensure smooth operations. A large basement offers ample storage or possible value-add options. Ideally located near parks, public transit, and the vibrant Interstate Ave and Mississippi Ave, this is a rare chance to secure stable income and future growth in one of Portland’s most desirable rental markets!

Listing Status:

Active

Date Added:

May 12, 2025 at 05:00AM

Listing Office:

Keller Williams Realty Portland Premiere : 503-597-2444

Listing Agent:

Darryl Bodle : 503-709-4632

MLS ID:

414185190

Interior

• Basement: Full basementPartially finished
• Heating: Forced air

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere