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
8beds
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
- 175 days
- 249
- 8
Zillow last checked:
Listing updated:
Listed by:
Wenyan Zhu 503-729-8208,
Crestview Realty, LLC
Source: RMLS (OR),MLS#: 557367342
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- 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
Not available
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
Payment breakdown
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Neighborhood: Sullivan's Gulch
Nearby schools
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.
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