$890000
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7 Bed
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5 Bath
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2688 SqFt
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88 DOM
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Built: 1961
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Status: Active
Love this home?
ASSUMABLE Option @ 3.4%. Rare opportunity to acquire a 5-unit multifamily property in the Montavilla neighborhood of NE Portland. 623–629 NE 74th Ave offers a compelling combination of location, charm, and long-term investment potential that continues to draw strong interest.Situated on an 9,500 SF (0.22-acre) lot, this well-maintained asset features a desirable mix of 1-bedroom and 2-bedroom units, along with on-site laundry, owner storage, and off-street parking—features that support strong rental retention and operational efficiency.The property is stabilized with long-standing tenants, providing immediate income, while offering clear value-add upside through interior improvements and rent optimization. This is a solid, well-located property suited for a skilled investor or portfolio buyer seeking to enhance value over time.Located in a high-demand rental area with easy access to neighborhood amenities, public transportation, schools, and major routes throughout NE Portland. Properties of this size and quality are rarely available in this submarket.Seller is a Licensed Real Estate Agent in Oregon and Trustee to the property. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10242612]
Listing Provided Courtesy of Lillie Barr, eXp Realty, LLC
General Information
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707682250
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88 DOM
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7
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5
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2688
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1961
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R2.5
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Multnomah
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R119381
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Vestal
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Roseway Heights
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Leodis McDaniel
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MultiFamily
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BRAINARD, BLOCK 3, N 20' OF LOT 35, LOT 36-38
Listing Provided Courtesy of Lillie Barr, eXp Realty, LLC
PDXA1 Realty Group data last checked: Jan 10, 2026 02:39 | Listing last modified Jan 09, 2026 20:14,
Source:
Residence Information
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-
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2688
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-
-
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7
-
-
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5
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Composition
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-
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Assigned,OffStreet
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1
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1961
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Yes
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Other, Stone
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None
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-
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None
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ConcretePerimeter
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Features and Utilities
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-
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-
-
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None
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Electricity
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Baseboard
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PublicSewer
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Electricity
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Electricity
Financial
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9852.95
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0
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Sewer,TrashCollection,Water
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-
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Assumable,Cash,Conventional
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10-13-2025
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No
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No
Comparable Information
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88
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89
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Assumable,Cash,Conventional
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$890,000
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$890,000
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Jan 09, 2026 20:14
Schools
Map
Listing courtesy of eXp Realty, LLC.
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: Jan 10, 2026 02:39 | Listing last modified Jan 09, 2026 20:14.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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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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