1. Oregon
2. Portland
3. 9404 N LOMBARD St

9404 N LOMBARD St, Portland, OR 97035

• 4,450 sqft

Property Description

Exceptional 6-unit multifamily opportunity in the vibrant St. Johns neighborhood! This turnkey asset features a desirable mix of one, two, and three-bedroom units, all renovated within the last six years with modern upgrades, including new kitchens, flooring, vinyl windows, and fresh interior and exterior paint. Each unit is equipped with washer/dryer hookups and off street assigned parking. The property is platted as individual condominiums, providing future flexibility. A new roof (2022) and newer stainless steel appliances enhance long-term durability and appeal. Located in a prime area with easy access to major employers, dining, shopping, public transportation, and downtown Portland, this property ensures strong rental demand. The gross monthly income of $9,680 plus $415 in utility bill-backs delivers a solid cash flow, with assumable financing (3.47%!) available for qualified buyers. Don’t miss this rare opportunity to acquire a well-maintained, income-generating asset in one of Portland’s most sought-after rental markets!

Listing Status:

Active

Date Added:

March 25, 2025 at 05:00AM

Listing Office:

Constant Commercial Real Estate Inc : 503-222-0282

Listing Agent:

Cory Carlson : 503-222-0282

MLS ID:

719178355

Interior

• Heating: Wall heater

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Cory Carlson, Constant Commercial Real Estate Inc