$4,350,000

Estimated payment $27,780/month

Total Views 3,427
1 Bed
1 Bath
10,596 Sq Ft
$411 Price per Sq Ft

Highlights

  • City View
  • 3-minute walk to N Prescott
  • Ductless Heating Or Cooling System
  • Beach Elementary School Rated A-
  • Cul-De-Sac
  • Landscaped

About This Home

Welcome to Savona Apartments, a 24-unit apartment community ideally situated at 4620 N Maryland Ave in the heart of one of Portland’s most dynamic neighborhoods. Built in 2018, Savona Apartments features modern construction and spacious floor plans designed for today’s urban lifestyle.This well-maintained property offers a blend of contemporary living and unbeatable location. Residents enjoy direct access to the vibrant Mississippi Avenue district, with its eclectic mix of renowned eateries, craft breweries, boutiques, and a lively arts scene—just steps from your front door. Commuters benefit from immediate access to the I-5 freeway and the MAX light rail, ensuring easy connectivity to downtown Portland and beyond.Additionally, this property has an assumable loan at 3.370% interest until June 2030. Property is fully occupied, please do not disturb tenants.

Listing Agent

Jacob Serrill

Kelly Right Real Estate of Portland, LLC License #201228311 Listed on: 06/11/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $49,488

Year Built

  • Built in 2018

Lot Details

  • 4,791 Sq Ft Lot
  • Cul-De-Sac
  • Landscaped
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Lap Siding
  • Cement Siding

Interior Spaces

  • 10,596 Sq Ft Home
  • 3-Story Property
  • City Views
  • Fire Sprinkler System

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Schools

  • Beach Elementary School
  • Ockley Green Middle School
  • Roosevelt High School

Utilities

  • Ductless Heating Or Cooling System
  • Mini Split Air Conditioners
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R210471

Community Details

Overview

  • 24 Units

Building Details

  • Operating Expense $169,676
  • Gross Income $446,976
  • Net Operating Income $254,951

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$49,488

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 2018
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: None
  • Total Bedrooms: 1
  • High School2: Roosevelt
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: CementSiding,LapSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: Slab
  • View: Yes
  • Lot Features: Cul_de_sac, Level
  • Road Surface Type: Paved
  • Roof: Flat
  • View: City

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: FireSprinklerSystem
  • Cooling: MiniSplit
  • Cooling Y N: Yes
  • Heating: Ductless, WallFurnace
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping

Schools

  • Elementary School: Beach
  • High School: Jefferson
  • Middle Or Junior School: Ockley Green

Lot Info

  • Zoning: CM3
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4791.0
  • Parcel #: R210471

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Heat, MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 49487.56

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 24
  • Gross Rent Multiplier: 9.73
  • Annual Gross Income: 446976.0
  • Property Net Operating Income: 254951.0
  • Annual Operating Expense: 169676.0

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

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 Price Changed $1,475 +13.9% $4 / Sq Ft
07/10/2025 07/10/25 Price Changed $1,295 +8.4% $3 / Sq Ft
07/01/2025 07/01/25 For Rent $1,195 0.0% --
06/11/2025 06/11/25 For Sale $4,350,000 0.0% $411 / Sq Ft
06/04/2025 06/04/25 Off Market $1,195 -- --
10/29/2024 10/29/24 For Rent $1,195 0.0% --
08/07/2015 08/07/15 Sold $850,000 0.0% $113 / Sq Ft
06/12/2015 06/12/15 Pending -- -- --
06/11/2015 06/11/15 For Sale $850,000 -- $113 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 713931810

Regional Multiple Listing Service (RMLS)

APN: R210471