$890,000

623 NE 74th Ave Unit 629 Portland, OR 97213

Montavilla Neighborhood

Estimated payment $5,508/month

Total Views 2,229
7 Beds
5 Baths
2,688 Sq Ft
$331 Price per Sq Ft

Highlights

  • No HOA
  • Green Certified Home
  • 1-Story Property
  • Baseboard Heating
  • Level Lot

About This Home

Rare multi-family opportunity in Montavilla — 623–629 NE 74th Ave, with RARE ASSUMABLE 3.4%. This tidy 5-unit property sits on a 9,500 (0.22-acre lot) and delivers stabilized cashflow in a convenient NE Portland location. The asset contains a mix of 1-bedroom and 2-bedroom units, with long-standing rents and off-street parking. Well-positioned for hands-on owners, a small portfolio buyer, or if you want another asset to add, this is it! The property benefits from strong neighborhood demand, easy access to local shops, transit and schools, and straightforward value-add upside through interior updates and lease optimization. Seller is a Licensed Real Estate Agent in Oregon and trustee to property. [Home Energy Score = 4. HES Report at

Listing Agent

Lillie Barr

eXp Realty, LLC Brokerage Phone: 503-313-8806 License #201252433 Listed on: 10/13/2025

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,853

Year Built

  • Built in 1961

Home Design

  • Composition Roof
  • Stone Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,688 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Parking Spaces
  • Off-Street Parking
  • Assigned Parking

Schools

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

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Green Certified Home
  • Level Lot

Listing and Financial Details

  • Assessor Parcel Number R119381

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Operating Expense $15,459
  • Gross Income $73,380
  • Net Operating Income $57,921

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,853

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1961
  • Property Condition: Existing
  • Property Attached Yn: No
  • Current Price For Status: 890000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: None
  • Total Bedrooms: 7
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Other,Stone
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned, OffStreet
  • Attached Garage: No
  • Total Parking Spaces: 5.0

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Zoning: R2.5
  • Parcel #: R119381

Green Features

  • Green Certification: Yes

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2025
  • Tax Annual Amount: 9852.95

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 12.13
  • Annual Gross Income: 73380.0
  • Property Net Operating Income: 57921.0
  • Annual Operating Expense: 15459.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
2025 $9,853 $365,670 -- --
2024 $9,499 $355,020 -- --
2023 $9,134 $344,680 $0 $0
2022 $8,936 $334,650 $0 $0
2021 $8,785 $324,910 $0 $0
2020 $8,059 $315,450 $0 $0
2019 $7,763 $306,270 $0 $0
2018 $7,534 $297,350 $0 $0
2017 $7,221 $288,690 $0 $0
2016 $6,609 $280,290 $0 $0
2015 $6,435 $272,130 $0 $0
2014 $6,338 $264,210 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2025 11/07/25 For Sale $890,000 0.0% $331 / Sq Ft
11/03/2025 11/03/25 Pending -- -- --
10/13/2025 10/13/25 For Sale $890,000 -- $331 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $939,000 First American Title
Special Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $550,000 New Conventional
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 707682250

Regional Multiple Listing Service (RMLS)

APN: R119381

Oregon Multnomah County Portland 97213 Montavilla

623 NE 74th Ave Unit 629, Portland, OR

For Sale

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Listing Agent
Lillie Barr
Section Image
eXp Realty, LLC
(503) 850-0366