About 4517 N Montana Ave
Investor Alert! Exceptional opportunity to own two well-maintained 4-plexes across multiple lots in the highly sought-after Overlook neighborhood of North Portland. Each of the eight units is a generous, single-level 1 bed / 1 bath with thoughtful updates, quality finishes, and excellent rental appeal with upside potential. Tenants enjoy private entrances, comfortable floor plans, gas appliances and utilities, and access to beautifully landscaped shared outdoor space—ideal for relaxing or entertaining. The oversized lot presents potential to add additional units or enhance existing amenities to maximize future rental income. Recent system and cosmetic upgrades help ensure efficient operations and reduced capital expenses over time. A large basement provides ample storage or value-add possibilities. Prime location just minutes from parks, public transit, and the vibrant shops and restaurants on Mississippi Ave and Interstate Ave. A rare chance to acquire strong, stable cash flow in one of Portland’s most in-demand rental markets!
Features of 4517 N Montana Ave
| MLS® # | 304722776 |
|---|---|
| Price | $1,299,900 |
| Bathrooms | 0.00 |
| Square Footage | 4,500 |
| Acres | 0.34 |
| Year Built | 1943 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 4517 N Montana Ave |
|---|---|
| Area | 141 - Portland North |
| Subdivision | Overlook |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97217 |
Amenities
| View | Trees/Woods |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Exterior | Other |
|---|---|
| Lot Description | Level |
| Roof | Composition |
School Information
| Elementary | Beach |
|---|---|
| Middle | Ockley Green |
| High | Jefferson |
Additional Information
| Date Listed | May 12th, 2025 |
|---|---|
| Days on Market | 169 |
| Zoning | CM3 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Realty Portland Premiere |
|---|---|
| Contact Info | 503-709-4632 |