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.
Active
$1,400,000
4811-4823 NE Prescott St, Portland, OR 97218
15beds
5,650sqft
Multi Family
Built in 1975
-- sqft lot
$-- Zestimate®
$248/sqft
$-- HOA
What's special
Energy-efficient double-pane windows throughout
- 82 days |
- 249 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Henry Liu 503-714-9178,
Opt
Source: RMLS (OR),MLS#: 395703257
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Other
Cooling
- None
Appliances
- Included: Dishwasher, Electric Water Heater
- Laundry: Washer Dryer Hookup
Features
- Basement: Crawl Space
Interior area
- Total structure area: 5,650
- Total interior livable area: 5,650 sqft
Property
Parking
- Total spaces: 13
- Parking features: Open, Paved
- Has uncovered spaces: Yes
Lot
- Size: 0.68 Acres
- Features: Private, SqFt 20000 to Acres1
Details
- Parcel number: R317714
- Zoning: Multi
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1975
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $248/sqft
- Tax assessed value: $1,860,820
- Annual tax amount: $13,143
- Date on market: 4/30/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 11975
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2026 | Listed for sale | $1,400,000$248/sqft |
Source:  RMLS (OR) #395703257 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,143 +3.7% | $487,790 +3% |
| 2024 | $12,671 +4% | $473,590 +3% |
| 2023 | $12,184 +2.2% | $459,800 +3% |
| 2022 | $11,920 +1.7% | $446,410 +3% |
| 2021 | $11,718 +9% | $433,410 +3% |
| 2020 | $10,750 +3.8% | $420,790 +3% |
| 2019 | $10,355 | $408,540 +3% |
| 2018 | $10,355 +3% | $396,650 +3% |
| 2017 | $10,050 +14% | $385,100 +3% |
| 2016 | $8,815 | $373,890 +3% |
| 2015 | $8,815 +2.7% | $363,000 +3% |
| 2014 | $8,584 +4% | $352,430 +3% |
| 2013 | $8,258 +14.9% | $342,170 +6.1% |
| 2011 | $7,189 +5.4% | $322,540 +3% |
| 2010 | $6,821 +2.7% | $313,150 +3% |
| 2009 | $6,642 +6% | $304,030 +3% |
| 2008 | $6,268 +16.9% | $295,180 +9.3% |
| 2005 | $5,360 -8.2% | $270,150 +3% |
| 2004 | $5,838 +2.3% | $262,290 +3% |
| 2003 | $5,709 +8.9% | $254,660 +3% |
| 2002 | $5,243 +7.4% | $247,250 +6.1% |
| 2000 | $4,883 | $233,060 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Cully
Nearby schools
GreatSchools rating
- 8/10Rigler Elementary SchoolGrades: K-5Distance: 0.2 mi
- 10/10Beaumont Middle SchoolGrades: 6-8Distance: 0.6 mi
- 4/10Leodis V. McDaniel High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Rigler
- Middle: Beaumont
- High: Leodis Mcdaniel
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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A local agent can set up tours, give advice and negotiate with sellers.
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