MLS# 382442110 – 7070 N Montana Ave, Portland, OR 97217 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams Sunset Corridor.

Property Description

Description

6 Units

Status: Active

Year Built: 2019

Neighborhood: Arbor Lodge

Days on Website: 3

Modern 6-unit investment in prime Arbor Lodge location! Close to the MAX Yellow Line and major transit routes, this rare multi-fam investment boasts high desirability for those seeking urban convenience. Built in 2019, this building boasts energy-efficient construction, luxury details and thoughtful amenities throughout. EnergyStar rated appliances, quartz and marble finishes, luxury vinyl plank flooring, washer and dryer in every unit, built-in dishwashers and microwaves, Navien tankless water heater, Daikin mini-split heat & AC, and secure front door and gate entries. Second and third floor units have attached decks while ground level units #101 and #102 offer both front patios and backyard space. One unit is ADA-compliant. Close to University of Portland, Adidas headquarters, Peninsula Park & Kenton District, New Seasons Market and more! Don't miss this chance to invest in this desirable NW Portland neighborhood.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

6792

Built in 2019

Storage:

None

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5,UnitTypeType6

Community

Community Features:

CentralAir,Commons,FrontYardLandscaping

Cooling

Cooling Equipped

Cooling:

EnergyStarAirConditioning

Expenses

Operating Expense:

$58,503

Exterior Features

Exterior Description:

CementSiding,LapSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

ENERGYSTARQualifiedEquipment,MiniSplit

Income

CAP Rate:

4.3

Gross Income:

$136,770

Gross Rent Multiplier:

16.78

Net Operating Income:

$98,799

Listing

Contract Status Change Date:

2025-02-22

Days On Market:

Last Transaction Date:

2025-02-22 13:34:06

List Price:

$2,295,000

Listing Contract Date:

2025-02-22

Listing Id:

382442110

Mls Status:

Active

Modification Timestamp:

2025-02-25 01:49:30

On Market Date:

2025-02-22

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_141

Subdivision Name:

ARBOR LODGE

County Or Parish:

Multnomah

Lot

Features:

Level,OnBusline

Size Acres:

0.12

Size Range:

SqFt5000to6999

Size Square Feet:

5,227

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,RentRecords,TaxReturnsAvailable

Parking

Features:

OnStreet

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

Multi

Roof

Roof:

Composition

Schools

High School:

Roosevelt

Middle Or Junior School:

Ockley Green

Elementary School:

Chief Joseph

Security Features

Features:

Entry,FireSprinklerSystem,LimitedAccess,SecurityGate

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$20,534

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,895

Area:

1132

Features:

AirConditioning,Deck,Dishwasher,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,895

Area:

1132

Features:

AirConditioning,Deck,Dishwasher,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,695

Area:

1132

Features:

AirConditioning,Deck,Dishwasher,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$1,995

Area:

1132

Features:

AirConditioning,Deck,Dishwasher,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Five

Actual Rent:

$1,795

Area:

1132

Features:

AirConditioning,Deck,Dishwasher,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Six

Actual Rent:

$1,995

Area:

1132

Features:

AirConditioning,Deck,Dishwasher,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Gas,Tankless

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$2,295,000 -

7070 N Montana Ave Portland , OR 97217

MLS Area Major: _141

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on February 25, 2025 11:43AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.