$1,500,000

4811 NE Prescott St Unit 4823 Portland, OR 97218

Cully Neighborhood

Estimated payment $9,213/month

Total Views 214
5 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 0.68 Acre Lot
  • Wood Siding
  • No Heating
  • Private Lot

About This Home

This seven-unit multifamily property in Portland’s desirable Cully neighborhood offers an exceptional investment opportunity. The property features six spacious two-bedroom, one-bathroom units and one larger three-bedroom, one-bathroom unit with a private garage, making it ideal for a mix of tenants and potential owner-occupancy. Recent upgrades include a new roof installed five years ago and energy-efficient double-pane windows throughout, reducing long-term maintenance and improving tenant appeal. Situated in a highly sought-after area known for its vibrant community feel, the property offers easy access to parks, dining, shopping, and public transit, providing excellent livability for tenants. With strong rental demand, a desirable unit mix, and recent capital improvements, this property presents a rare opportunity for investors seeking steady income potential and long-term appreciation in one of Portland’s fastest-growing neighborhoods.

Listing Agent

Henry Liu

Opt Brokerage Phone: 503-714-9178 License #201239958 Listed on: 08/29/2025

Opt

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,671

Year Built

  • Built in 1975

Lot Details

  • 0.68 Acre Lot
  • Private Lot

Home Design

  • Composition Roof
  • Wood Siding

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Basement

  • Crawl Space

Parking

  • 13 Parking Spaces
  • Paved Parking
  • Open Parking

Schools

  • Rigler Elementary School
  • Beaumont Middle School
  • Leodis Mcdaniel High School

Utilities

  • No Cooling
  • No Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R317714

Community Details

Overview

  • 7 Units

Building Details

  • Operating Expense $57,565
  • Gross Income $131,617
  • Net Operating Income $73,309

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,671

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Year Built: 1975
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Total Bedrooms: 5
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 20,000 SqFt to .99 Acres
  • View: No
  • Lot Features: Private
  • Roof: Composition

Garage/Parking

  • Parking Description: Open, Paved
  • Attached Garage: No
  • Total Parking Spaces: 13.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Other
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Rigler
  • High School: Leodis McDaniel
  • Middle Or Junior School: Beaumont

Lot Info

  • Zoning: Multi
  • Lot Size Acres: 0.68
  • Lot Size Sq Ft: 29620.0
  • Parcel #: R317714

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 12671.11

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 7
  • Gross Rent Multiplier: 11.4
  • Annual Gross Income: 131617.0
  • Property Net Operating Income: 73309.0
  • Annual Operating Expense: 57565.0

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 $12,671 $473,590 -- --
2023 $12,184 $459,800 $0 $0
2022 $11,920 $446,410 $0 $0
2021 $11,718 $433,410 $0 $0
2020 $10,750 $420,790 $0 $0
2019 $10,355 $408,540 $0 $0
2018 $10,050 $396,650 $0 $0
2017 $9,633 $385,100 $0 $0
2016 $8,815 $373,890 $0 $0
2015 $8,584 $363,000 $0 $0
2014 $8,454 $352,430 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2025 08/29/25 For Sale $1,500,000 -- --
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed $490,000 Fidelity Natl Title Co Of Or
Interfamily Deed Transfer -- Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $250,000 No Value Available
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 196836946

Regional Multiple Listing Service (RMLS)

APN: R317714