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Sullivan's Gulch Multifamily Home for Sale

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    $1,190,000

    • 8 Beds
    • 6 Baths
    • 5,420 Sq Ft

    2634 NE Broadway St, Portland, OR 97232

    Fantastic 5-Plex Investment Opportunity in the Heart of NE Portland. Located on a prominent corner lot at the intersection of Sullivan’s Gulch and Grant Park, this versatile 5-plex offers an exceptional opportunity for investors or owner-occupants. The property features a mix of 1-, 2-, and 3-bedroom units, 4 units currently rented under market value—providing significant upside potential. Each

    Wendy Zhu Crestview Realty, LLC

    2634 NE Broadway St, Portland, OR 97232

Why Live in Sullivan's Gulch

Sullivan’s Gulch, located 3 miles from Downtown Portland, is a laid-back neighborhood known for its unique shops, eateries, and compact mix of single-family homes, condos, and apartments. The area features a bustling Northeast Broadway Street, lined with popular spots like Spielman Bagels & Coffee and the Rose and Thistle Public House. For grocery needs, residents frequent New Seasons Market and Fred Meyer. Nightlife includes Steeplejack Brewing Company, a church-turned-brewery hosting trivia nights. Creative Culture offers pottery painting and DIY crafting, alongside milkshakes served in mason jars. The neighborhood is active with events organized by the Sullivan’s Gulch Neighborhood Association, including clean-ups and the annual Gulch-O-Rama block party. Homes, mostly built around 1950, include bungalows and Foursquares, surrounded by lush greenery and well-manicured shrubs. Children attend the highly rated Beverly Cleary School and Benson Polytechnic High School. For outdoor activities, residents visit Gulch Dog Park & Playground and the splash pad at Holladay Park. The area is safer than the national average, with convenient access to I-84, Route 99E, I-5, and the MAX light rail system.

Home Trends in Sullivan's Gulch, OR

Housing Trends

Median Sale Price
$322,000
Median Single Family Sale Price
$760,000
Median Townhouse Sale Price
$815,000
Median 2 Bedroom Sale Price
$289,000
Median 1 Bedroom Sale Price
$228,000
Average Price Per Sq Ft
$310
Number of Homes for Sale
14
Last 12 months Home Sales
27
Months of Supply
6.20
Median List Price
$318,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
2%
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