$1,075,000
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2165 NE Multnomah St, Portland, OR 97232

7 Beds
8 Baths
4,552 Sq Ft

Ideally situated in the highly sought-after Sullivans Gulch neighborhoodjust south of NE Broadways coffee shops, restaurants, boutiques, and light railthis four-unit property combines strong rental income with an unbeatable location. Tenants love the spacious, townhouse-style layouts, private outdoor spaces, in-unit laundry, decks/patios & off-street parking. Brand new Studio unit was added in 2023, equipped with Sprinkler System. With reliable renters and a proven income record, this is a rare opportunity to own a stable, low-maintenance investment in one of Portlands most desirable close-in locations. Please do not disturb the tenants.

  • MLS# 234723779
  • Date Listed11/20/2025
  • Days on Realty 2 Days
  • Bedrooms 7
  • Bathrooms 8 baths
  • Lot Size 0.12 acres (5,227 sq. ft)
  • Sewer Public Sewer
  • Subdivision SULLIVAN'S GULCH
  • Property Type Multi Family
  • County Multnomah
  • Year Built 1975
  • Water Public
  • Square Feet 4,552 sq. ft
  • Price Per Sq. Ft $236.16

Interior Features

  • Cooling None
  • Heating Baseboard

Exterior / Lot Features

  • Roof Composition
  • Lot Size Acres 0.12
  • Lot Size SQFT 5,227.00
  • Lot Features Level

Financial Considerations

  • Tax Amount $16,933
  • Terms Cash, Conventional, FHA, VA Loan

Nearby Schools

Source: School Digger

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in OR / 97232

Source: Walkscore

93/100

Walker's Paradise

Walk Score ®

57/100

Good Transit

Transit Score ®

100/100

Biker's Paradise

Bike Score ®

Overview

Daily errands do not require a car. Many nearby public transportation options. Daily errands can be accomplished on a bike.

Transit Summary

15 nearby routes: 12 bus, 3 rail, 0 other


Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 73/100, Transit Score: 56/100, Bike Score: 89/100.

Property Change History

Property description updated with new details
Property Heating updated
Baseboard, Forced AirBaseboard

Points of Interest near 2165 NE MULTNOMAH ST, Portland, OR 97232

Frequently Asked Questions for 2165 NE MULTNOMAH ST

Source: Realty.com

2165 NE MULTNOMAH ST, Portland, OR 97232 is a Multi Family, Residential Income property listed for $1,075,000 The property is 4552 sq. ft with 7 bedrooms and 8 bathrooms

Realty.com has 25 photos of 2165 NE MULTNOMAH ST.

Our records indicate that 2165 NE MULTNOMAH ST was built in 1975.

The full address for this home is 2165 NE MULTNOMAH ST, Portland, OR 97232.

2165 NE MULTNOMAH ST has been listed on Realty.com since Thu November 20, 2025

Daily errands do not require a car. Many nearby public transportation options. Daily errands can be accomplished on a bike.

The average walkability score in the surrounding area is Walk Score: 73/100, Transit Score: 56/100, Bike Score: 89/100.

There are 3 schools assigned to this home. Check out the schools near 2165 NE MULTNOMAH ST. Irvington K-8 School (Grades: PK - 5), Da Vinci Arts Middle School (Grades: 6 - 8), Us Grant High School (Grades: 9 - 12)

Listing provided courtesy of: Township Properties Real Estate Llc (tel: 503-704-9173)
Listing agent: Kathy Rogers (tel: 503-704-9173) (#KAROGERS)

This content last refreshed on 2025-11-22 21:50:50. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 2165 NE MULTNOMAH ST, Portland, OR 97232 : MLS# 234723779