$980000
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4 Bed
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4 Bath
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3496 SqFt
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26 DOM
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Built: 1925
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Status: Active
Love this home?
Prime NW Portland 4-Plex—On the pulse of NW 23rd Avenue’s electric scene—brimming with trendsetting cuisine, boutique shopping, and an unmistakable city vibe. This well-maintained 4-plex offers a rare chance to own an income-generating property in one of Portland’s most sought-after neighborhoods. Each unit offers hardwood floors, a cozy fireplace, and period details that exude timeless character. Tenants enjoy onsite amenities that contribute to strong rental appeal - a spacious layout, plenty of storage, laundry, and 2 off street parking spaces ($50/mo). Enjoy serene mornings or quiet evenings on the back deck where you’ll feel the peaceful, collaborative, community vibe. Generously maintained, recent updates include a new water heater in Unit 2 (2021), new community water heater (2022), replaced four windows (2024), community deck in back yard (2021), and all windows repaired and reglazed (2015). Zoned RM4 – Residential High Density, this property sits in the heart of Slabtown and is surrounded by some of the city’s most beloved eateries, chocolatiers, art galleries, and locally owned boutiques. In addition to its lifestyle appeal, Slabtown offers unbeatable proximity to major employment centers and medical hubs, the Pearl District, NW 23rd Avenue, and downtown Portland. The neighborhood also benefits from excellent transit access and a high Walk Score. Whether you're seeking a cash-flowing asset, a hybrid live/rent scenario, or long-term appreciation in one of Portland’s most resilient rental markets, this property presents a strategic foothold in a location that effortlessly balances old Portland soul with new Portland sophistication.
Listing Provided Courtesy of Lindsey Butler, Keller Williams PDX Central
General Information
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400940994
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26 DOM
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4
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5227.2 SqFt
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4
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3496
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1925
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RM4
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Multnomah
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R141283
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Chapman
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West Sylvan
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Lincoln
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MultiFamily
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COUCHS ADD, BLOCK 288, LOT 14
Listing Provided Courtesy of Lindsey Butler, Keller Williams PDX Central
PDXA1 Realty Group data last checked: Jul 14, 2025 08:51 | Listing last modified Jul 08, 2025 18:34,
Source:
Residence Information
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-
-
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3496
-
-
-
-
4
-
-
-
4
-
Composition
-
-
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Leased,OffStreet
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2
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1925
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No
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Stucco
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FullBasement,StorageSpace
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-
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FullBasement,Storage
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-
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Features and Utilities
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-
-
-
-
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Gas, Tank
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ForcedAir
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PublicSewer
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Gas, Tank
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Gas
Financial
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12055.66
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0
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MaintenanceGrounds,Sewer,TrashCollection,Water
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-
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Cash,Conventional
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06-13-2025
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No
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No
Comparable Information
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26
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31
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Cash,Conventional
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$980,000
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$980,000
-
-
Jul 08, 2025 18:34
Schools
Map
Listing courtesy of Keller Williams PDX Central.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Jul 14, 2025 08:51 | Listing last modified Jul 08, 2025 18:34.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.
— Jagathishp
Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
— Vignesh Chan
Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
— Praveen
Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
— Alishetty
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
— Ramren Garajan
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Whether you’re looking to buy your dream home, sell your property for the best price, or explore investment opportunities, PDXA1 Realty Group is here to help. With expertise, personalized service, and a commitment to your goals, we’ll guide you every step of the way. Contact us today at (971) 330-1856 let’s start the conversation!
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