About 623 Ne 74th Ave
Rare multi-family opportunity in Montavilla — 623–629 NE 74th Ave, with RARE ASSUMABLE 3.4% COVERS 57% OF PURCHASE PRICE. This tidy 5-unit property sits on a 9,500 (0.22-acre lot) and delivers stabilized cashflow in a convenient NE Portland location. The asset contains a mix of 1-bedroom and 2-bedroom units, with long-standing rents and off-street parking. Well-positioned for hands-on owners, a small portfolio buyer, or if you want another asset to add, this is it! The property benefits from strong neighborhood demand, easy access to local shops, transit and schools, and straightforward value-add upside through interior updates and lease optimization. Trustee is a Licensed Real Estate Agent in Oregon.
Features of 623 Ne 74th Ave
| MLS® # | 707682250 |
|---|---|
| Price | $890,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,688 |
| Acres | 0.00 |
| Year Built | 1961 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 623 Ne 74th Ave |
|---|---|
| Area | 143 - Portland Southeast |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97213 |
Amenities
| Parking Spaces | 5 |
|---|---|
| Parking | Assigned, Off Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 1 |
| Has Basement | No |
| Basement | None |
Exterior
| Exterior | Other, Stone |
|---|---|
| Lot Description | Level |
| Roof | Composition |
| Foundation | Concrete Perimeter |
School Information
| Elementary | Vestal |
|---|---|
| Middle | Roseway Heights |
| High | Leodis McDaniel |
Additional Information
| Date Listed | October 13th, 2025 |
|---|---|
| Days on Market | 12 |
| Zoning | R2.5 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | eXp Realty, LLC |
|---|---|
| Contact Info | 503-313-8806 |