4811/4823 NE PRESCOTT ST, Portland, OR 97218 | MLS #395703257 | Berkshire Hathaway HomeServices Northwest Real Estate

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Listing provided courtesy of Opt- MLS# 395703257MLS ProviderContact Information: 503-714-9178

4811/4823 NE PRESCOTT STPortland, OR 97218

Multi-Family · 0.68 Acres
$1,400,000 Active

4811/4823 NE PRESCOTT ST Overview

Time on Site:
60 days
Visits:
0

This seven-unit multifamily property in Portland's desirable Cully neighborhood offers an exceptional investment opportunity. The property features six spacious two-bedroom, one-bathroom units and one larger three-bedroom, one-bathroom unit with a private garage, making it ideal for a mix of tenants and potential owner-occupancy. Recent upgrades include a new roof installed five years ago and energy-efficient double-pane windows throughout, reducing long-term maintenance and improving tenant appeal. Situated in a highly sought-after area known for its vibrant community feel, the property offers easy access to parks, dining, shopping, and public transit, providing excellent livability for tenants. With strong rental demand, a desirable unit mix, and recent capital improvements, this property presents a rare opportunity for investors seeking steady income potential and long-term appreciation in one of Portland's fastest-growing neighborhoods.

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4811/4823 NE PRESCOTT ST Facts & Features

  • Type Multi-Family
  • Lot 0.68 Acres

Details

General

School Information

  • Elementary School: Rigler
  • Middle Or Junior School: Beaumont
  • High School: Leodis McDaniel

Income/Expenses

  • Gross Income: 131617.0
  • Net Operating Income: 73309.0
  • Operating Expense: 57565.0

Building Information

  • Year Built: 1975

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 142 - Portland Northeast

Rent/Lease Information

  • Rent Includes: Sewer,Trash Collection,Water

Tax Information

  • Tax Annual Amount: 13143.45
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional,FHA,VA Loan
  • Parcel Number: R317714
  • Property Type: Multi Family
  • Zoning: Multi

Interior

General Information

  • Basement: Crawl Space
  • Cooling: None
  • Heating: Other

Exterior

Parking Information

  • Parking Features: Open,Paved
  • Parking Total: 13.0

Lot Information

  • Lot Features: Private
  • Lot Size Acres: 0.68
  • Lot Size Square Feet: 29620.0
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 7
  • Sewer: Public Sewer

4811/4823 NE PRESCOTT ST Neighborhood

Community

97218 (Portland) Demographics

36
Median Age
2,073
Population Density (per sq. mile)
49%
College Educated
$67,436
Estimated Median Income
3,184
Estimated Total Home Owners
2,316
Estimated Total Renters
58% / 42%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4811/4823 NE PRESCOTT ST Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4811/4823 NE PRESCOTT ST Market Data

Based on the last 30 days in this zip code

$431,984
Average List Price
$311
Average Price per Square Foot
13
Properties Sold
105
Average Days on Market
44
Properties for Sale
Calculations provided by Reliance Network

4811/4823 NE PRESCOTT ST History

Date Event Value Agent
4/30/2026Source: Regional MLS Added to Database
April 30, 2026