623 NE 74th Ave, Portland, OR 97213

ASSUMABLE Option @ 3.4%. Rare opportunity to acquire a 5-unit multifamily property in the Montavilla neighborhood of NE Portland. 623–631 NE 74th Ave offers a compelling combination of location, charm, and long-term investment potential that continues to draw strong interest.Situated on an 9,500 SF (0.22-acre) lot, this well-maintained asset features a desirable mix of 1-bedroom and 2-bedroom units, along with on-site laundry, owner storage, and off-street parking—features that support strong rental retention and operational efficiency.The property is stabilized with long-standing tenants, providing immediate income, while offering clear value-add upside through interior improvements and rent optimization. This is a solid, well-located property suited for a skilled investor or portfolio buyer seeking to enhance value over time.Located in a high-demand rental area with easy access to neighborhood amenities, public transportation, schools, and major routes throughout NE Portland. Properties of this size and quality are rarely available in this submarket.Seller is a Licensed Real Estate Agent in Oregon and Trustee to the property. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10242612]