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Pending
  • $695,000

    8924 SE Ellis St, Portland, OR 97266

    12beds
    5,148sqft
    : 
    $5,208/mo
    Get pre-qualified
    Multi Family
    Built in 1973
    -- sqft lot
    $-- Zestimate®
    $135/sqft
    $-- HOA

    What's special

    Well-maintained unitsAmple off-street parkingPrivate patios
    CONTRACT TERMS! 5% INTEREST, 30% DOWN, 30 YEAR AMORTIZATION WITH A 5 YEAR BALLOON. Exceptional investment opportunity featuring six well-maintained units configured as three duplexes on a single tax lot. This property offers an attractive combination of stable cash flow, future upside, and favorable seller financing. Each unit features sought-after amenities including washer/dryer hookups, fireplaces, and private patios, providing comfort and convenience that appeal to long-term tenants. The property also offers ample off-street parking, a valuable amenity in today's rental market. Close to MAX Light Rail, buslines and shopping. Located in the vibrant Lents neighborhood, "an up-and-coming area & one of the new hotspots in Portland" according to PortlandNeighborhood.com. Lents is widely recognized for its ongoing growth, revitalization, and increasing popularity, this property is well-positioned to benefit from continued demand. With potential for rent increases, investors have the opportunity to enhance returns over time. Adding to the appeal, the Seller is willing to offer contract terms with below-market interest rates, creating an outstanding financing opportunity that can improve cash flow and reduce borrowing costs compared to conventional financing. Whether you're looking to expand your portfolio or complete a 1031 exchange, this is a rare chance to acquire a quality multifamily asset with strong income potential, attractive financing, and long-term upside.
    31 days
    |
    278
    |
    21
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Marc Rogers 503-703-0964,

    Township Properties Real Estate LLC,

    Kathy Rogers 503-704-9173,

    Township Properties Real Estate LLC

    Source: RMLS (OR),MLS#: 593286951MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 12
      • Bathrooms: 6
      • Full bathrooms: 6
      Heating
      • Baseboard, Fireplace(s)
      Cooling
      • None
      Appliances
      • Included: Dishwasher, Washer/Dryer, Electric Water Heater
      • Laundry: Washer Dryer Hookup
      Features
      • Basement: Crawl Space
      Interior area
      • Total structure area: 5,148
      • Total interior livable area: 5,148 sqft

      Property

      Parking
      • Total spaces: 10
      • Parking features: Off Street, Paved
      Features
      • Stories: 1
      Lot
      • Size: 0.35 Acres
      • Dimensions: 137.5 x 110.6
      • Features: Level, SqFt 15000 to 19999
      Details
      • Parcel number: R115550
      • Zoning: R1

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Panel, T111 Siding
      • Foundation: Concrete Perimeter
      • Roof: Composition
      Condition
      • Existing
      • Year built: 1973

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Connected

      Community & HOA

      Community
      • Features: All Landscaping
      • Subdivision: Lents
      HOA
      • Has HOA: No
      Location
      • Region: Portland

      Financial & listing details

      • Price per square foot: $135/sqft
      • Annual tax amount: $14,396
      • Date on market: 7/22/2026
      • Cumulative days on market: 31 days
      • Listing terms: Cash,Contract,Conventional,Owner Will Carry
      • Total actual rent: 6510
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/25/2026Pending sale$695,000$135/sqft
        Source: RMLS (OR) #593286951 Report a problem
        7/22/2026Listed for sale$695,000$135/sqft
        Source: RMLS (OR) #593286951 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Lents

        Getting around

        87 / 100
        Very Walkable
        59 / 100
        Good Transit
        93 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Marysville
        • Middle: Kellogg
        • High: Franklin

        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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