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 presents an exceptional opportunity for both investors and owner-occupants. Four units are currently rented below market value, offering significant upside potential. Each spacious unit includes large bedrooms, generous living areas, and in-unit washer and dryer. A brand-new roof provides peace of mind and long-term value. The property also includes a detached 3-bay garage, offering potential for development or additional income opportunities. Please do not disturb tenants. All units are occupied. Offers are contingent upon interior inspection.
Active
$1,099,000
2634 NE Broadway St, Portland, OR 97232
7beds
5,420sqft
Multi Family
Built in 1925
-- sqft lot
$-- Zestimate®
$203/sqft
$-- HOA
What's special
Spacious unitIn-unit washer and dryerBrand-new roofLarge bedroomsProminent corner lot
- 82 days |
- 327 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
Wenyan Zhu 503-729-8208,
Crestview Realty, LLC
Source: RMLS (OR),MLS#: 557367342
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Zoned
Cooling
- Window Unit(s)
Appliances
- Included: Dishwasher, Range, Refrigerator, Washer/Dryer, Electric Water Heater
Features
- Basement: None
Interior area
- Total structure area: 5,420
- Total interior livable area: 5,420 sqft
Property
Parking
- Total spaces: 3
- Parking features: Detached, Garage
- Garage spaces: 3
Features
- Stories: 3
Lot
- Size: 3,920 Square Feet
- Features: Corner Lot, SqFt 3000 to 4999
Details
- Parcel number: R128184
- Zoning: CM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Foundation: Concrete Perimeter, Slab
- Roof: Flat
Condition
- Existing
- Year built: 1925
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Sullivans Gulch
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $203/sqft
- Tax assessed value: $1,191,190
- Annual tax amount: $16,757
- Date on market: 4/14/2026
- Listing terms: Cash,Conventional
- Total actual rent: 7990
- Road surface type: Concrete
Estimated market value
Not available
Estimated sales range
Not available
$5,367/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/14/2026 | Listed for sale | $1,099,000+4.7%$203/sqft |
Source:  RMLS (OR) #557367342 Report a problem | ||
| 3/31/2023 | Sold | $1,050,000-22.2%$194/sqft |
Source: RMLS (OR) #22297410 Report a problem | ||
| 2/22/2023 | Pending sale | $1,350,000$249/sqft |
Source: RMLS (OR) #22297410 Report a problem | ||
| 1/18/2023 | Price change | $1,350,000-10%$249/sqft |
Source: RMLS (OR) #22297410 Report a problem | ||
| 12/1/2022 | Listed for sale | $1,500,000+1400%$277/sqft |
Source: RMLS (OR) #22297410 Report a problem | ||
| 11/14/2003 | Sold | $100,000$18/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $16,757 +3.7% | $621,910 +3% |
| 2024 | $16,155 +4% | $603,800 +3% |
| 2023 | $15,534 +2.2% | $586,220 +3% |
| 2022 | $15,198 +1.7% | $569,150 +3% |
| 2021 | $14,940 +9% | $552,580 +3% |
| 2020 | $13,706 +3.8% | $536,490 +3% |
| 2019 | $13,202 | $520,870 +3% |
| 2018 | $13,202 +3% | $505,700 +3% |
| 2017 | $12,814 +14% | $490,980 +3% |
| 2016 | $11,239 | $476,680 +3% |
| 2015 | $11,239 +2.7% | $462,800 +3% |
| 2014 | $10,944 +53% | $449,330 +26.7% |
| 2006 | $7,155 +4.7% | $354,740 +3% |
| 2005 | $6,834 -8.2% | $344,410 +3% |
| 2004 | $7,443 +2.3% | $334,380 +3% |
| 2003 | $7,278 | $324,650 |
| 2002 | -- | -- |
| 2000 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Sullivan's Gulch
Nearby schools
GreatSchools rating
- 10/10Irvington Elementary SchoolGrades: K-5Distance: 0.8 mi
- 8/10Harriet Tubman Middle SchoolGrades: 6-8Distance: 1.5 mi
- 9/10Grant High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Irvington
- Middle: Harriet Tubman
- High: Jefferson
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Oregon
- Multnomah County
- Portland
- 97232
- Sullivan's Gulch
- 2634 NE Broadway St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Portland Topics
