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
Directions
NE Multnomah St & NE 22nd Ave
Financial Considerations
- Tax Amount $16,933
- Terms Cash, Conventional, FHA, VA Loan
Nearby Schools
Source: School Digger
Public • PK - 5 • Serves this home
0.95 mi
Distance
Public • 6 - 8 • Serves this home
1.19 mi
Distance
Public • 9 - 12 • Serves this home
1.26 mi
Distance
Public • PK - 5 • Serves this home
0.95 mi
Distance
Boise-eliot/humboldt Elementary School
Public • PK - 5
2.62 mi
Distance
Dr Martin Luther King Jr Elementary School
Public • PK - 5
3.07 mi
Distance
Public • 1 - 8
3.83 mi
Distance
Public • PK - 8
3.85 mi
Distance
Public • PK - 5
3.87 mi
Distance
Public • 1 - 5
3.98 mi
Distance
Public • PK - 5
6.24 mi
Distance
Public • PK - 5
6.25 mi
Distance
Public • PK - 5
7.77 mi
Distance
Public • 6 - 8 • Serves this home
1.19 mi
Distance
Public • 6 - 8
2.04 mi
Distance
Public • 6 - 8
2.18 mi
Distance
Public • 6 - 8
2.46 mi
Distance
Public • 6 - 8
3.26 mi
Distance
Public • 6 - 8
3.84 mi
Distance
Public • 6 - 8
4.62 mi
Distance
Public • 6 - 8
4.91 mi
Distance
Public • 6 - 12
5.88 mi
Distance
Public • 6 - 8
6.53 mi
Distance
Public • 9 - 12 • Serves this home
1.26 mi
Distance
Public • 9 - 12
3.18 mi
Distance
Alliance High School @ Meek Campus
Public • 9 - 12
3.28 mi
Distance
Public • 9 - 12
3.4 mi
Distance
Public • 9 - 12
3.47 mi
Distance
Public • 9 - 12
3.95 mi
Distance
Alliance High School @ Kenton Campus
Public • 9 - 12
5.48 mi
Distance
Public • 9 - 12
6.12 mi
Distance
Public • 9 - 12
6.63 mi
Distance
Benson Polytechnic High School
Public • 9 - 12
6.63 mi
Distance
Private • UG - UG
0.44 mi
Distance
Pacific Crest Community School
Private • 06 - 12
1.19 mi
Distance
Private • 09 - 12
1.19 mi
Distance
Private • 07 - 12
2.82 mi
Distance
Private • 06 - 12
2.82 mi
Distance
De La Salle North Catholic High School
Private • 09 - 12
3.28 mi
Distance
Private • 09 - 12
3.36 mi
Distance
Private • PK - 12
3.36 mi
Distance
Rosemary Anderson High School/portland Oic
Private • 09 - 12
3.4 mi
Distance
Urban Education Alternative School Outside In School
Private • 09 - 12
3.47 mi
Distance
Sales & Tax History
Source: Public Records
| Street Address | Beds | Baths | Sold Date | List Price | Valuation Date | Valuation Price |
|---|---|---|---|---|---|---|
| 2837 NE 30TH AVE | Listing | 2 | 2 | Nov 09, 2025 | $750,000 | Mar 21, 2024 | $911,431 |
| 763 NE LAURELHURST PL | Listing | 3 | 2 | Nov 09, 2025 | $875,000 | Mar 21, 2024 | $762,041 |
| 433 SE 30TH AVE | Listing | 4 | 2 | Nov 09, 2025 | $655,000 | Mar 21, 2024 | $702,483 |
| 2510 NE THOMPSON ST | Listing | 5 | 2 | Nov 09, 2025 | $1,099,999 | Mar 21, 2024 | $1,182,750 |
| 3937 NE DAVIS ST | Listing | 4 | 3 | Nov 09, 2025 | $945,000 | Mar 21, 2024 | $1,266,500 |
| 2504 NE 36TH AVE | Listing | 3 | 2 | Nov 09, 2025 | $569,000 | Mar 21, 2024 | $783,500 |
| 3338 NE SCHUYLER ST | Listing | 3 | 2 | Nov 09, 2025 | $535,000 | Mar 21, 2024 | $554,614 |
| 3143 NE HOYT ST | Listing | 4 | 1 | Nov 09, 2025 | $500,000 | Mar 21, 2024 | $713,424 |
| 3065 NE IRVING ST | Listing | 4 | 2 | Nov 09, 2025 | $679,950 | Feb 15, 2023 | $656,900 |
| 3346 E BURNSIDE ST | Listing | 3 | 1 | Nov 09, 2025 | $625,000 | Mar 21, 2024 | $855,291 |
Population & Environment
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 16,133 | 653,275 | 814,924 | 335,858,263 |
| Population Density | 8,589 | 4,895 | 1,890 | 95 |
| People per Household | 1.8 | 2.2 | 2.3 | 2.6 |
| Median Age | 41 | 40.2 | 39.9 | 39.1 |
| Median Income | $73,980 | $76,036 | $73,740 | $66,222 |
| Average Income | $57,366 | $44,938 | $42,394 | $35,475 |
| Cost of Living Index | 73 | 91 | 93 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | 36.7°F | 36.14°F | 34.2°F | 22.6°F |
| July Avg. High Temp | 78.9°F | 78.99°F | 79.3°F | 86.2°F |
| Annual Precipitation | 43.16" | 41.79" | 37.07" | 38" |
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
Points of Interest near 2165 NE MULTNOMAH ST, Portland, OR 97232
528 ft
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528 ft
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898 ft
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950 ft
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1003 ft
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0.2 mi
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0.21 mi
Distance
1003 ft
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1003 ft
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1003 ft
Distance
1003 ft
Distance
1003 ft
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158 ft
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317 ft
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581 ft
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634 ft
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739 ft
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792 ft
Distance
950 ft
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1003 ft
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1003 ft
Distance
0.2 mi
Distance
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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