$575,000

4600 NE 72nd Ave Unit 4608 Portland, OR 97218

Cully Neighborhood

Estimated payment $3,481/month

Total Views 387
4 Beds
3 Baths
2,600 Sq Ft
$221 Price per Sq Ft

Highlights

  • Popular Property
  • Corner Lot
  • 1-Story Property
  • 0.42 Acre Lot
  • Wall Furnace
  • 4-minute walk to Sacajawea Park

About This Home

Rare opportunity in NE Portland! This expansive R7-zoned lot features three separate, functional dwellings currently occupied by long term tenants, offering immediate income potential while you plan for future development. With nearby parks, eateries, and easy access to transit, this location blends convenience with tremendous upside. Each home is maintained and fully livable, making this an ideal hold and develop scenario. Whether you’re looking to create a new multi-unit project, add ADUs, or explore subdivision options, the zoning allows for multiple pathways of future growth. Bring your vision and don’t miss out on this unique investment opportunity!

Listing Agent

Douglas Landers

John L. Scott Portland Central Brokerage Email: neportland@johnlscott.com License #200903041 Listed on: 08/26/2025

John L. Scott Portland Central

Co-Listing Agent

Amelia Dixon

John L. Scott Portland Central Brokerage Email: neportland@johnlscott.com License #201241870

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,252

Year Built

  • Built in 1954

Lot Details

  • 0.42 Acre Lot
  • Corner Lot
  • Level Lot

Home Design

  • Block Foundation
  • Slab Foundation
  • Composition Roof
  • Shake Siding

Interior Spaces

  • 2,600 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Parking Spaces
  • Driveway
  • On-Street Parking

Schools

  • Scott Elementary School
  • Roseway Heights Middle School
  • Leodis Mcdaniel High School

Utilities

  • No Cooling
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number R318158

Community Details

Overview

  • 3 Units
  • Cully Subdivision

Building Details

  • Operating Expense $6,800
  • Gross Income $35,700
  • Net Operating Income $28,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,252

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1954
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Total Bedrooms: 4
  • Lot Size Range: SqFt15000to19999

Exterior Features

  • Exterior Description: Other,ShakeSiding
  • Lot Size: 15,000 to 19,999 SqFt
  • Foundation Details: Block, Slab
  • View: No
  • Lot Features: CornerLot, Level, PublicRoad
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, OnStreet
  • Attached Garage: No
  • Total Parking Spaces: 6.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity,Gas
  • Cooling Y N: No
  • Heating: WallFurnace
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Scott
  • High School: Leodis McDaniel
  • Middle Or Junior School: Roseway Heights

Lot Info

  • Zoning: R7
  • Lot Size Acres: 0.42
  • Lot Size Sq Ft: 18295.0
  • Parcel #: R318158

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 4251.97
  • Tax Opportunity Zone: Yes

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 16.11
  • Annual Gross Income: 35700.0
  • Property Net Operating Income: 28900.0
  • Annual Operating Expense: 6800.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,252 $158,920 -- --
2023 $4,089 $154,300 $0 $0
2022 $4,000 $149,810 $0 $0
2021 $3,933 $145,450 $0 $0
2020 $3,608 $141,220 $0 $0
2019 $3,475 $137,110 $0 $0
2018 $3,373 $133,120 $0 $0
2017 $3,233 $129,250 $0 $0
2016 $2,959 $125,490 $0 $0
2015 $2,881 $121,840 $0 $0
2014 $2,838 $118,300 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2025 08/26/25 For Sale $575,000 +39.1% $221 / Sq Ft
08/31/2017 08/31/17 Sold $413,300 -6.0% $188 / Sq Ft
07/14/2017 07/14/17 Pending -- -- --
04/28/2017 04/28/17 For Sale $439,900 -- $200 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $413,300 Wfg Title
Warranty Deed $200,000 Multiple
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $278,300 New Conventional
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 259517201

Regional Multiple Listing Service (RMLS)

APN: R318158