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The Broker Network, LLC

info@tbnrealty.com +1(503) 465-5077

Listed by ELEETE Real Estate

$ 660,000

Est. payment | -/mo

3,817 SqFt

Save

$ 660,000

Est. payment | -/mo

Save

3,817 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,817 sqft

Price per Sqft $172

Subdivision Mt Tabor

MLS Listing ID 143673487

HOA Y/N No

Year Built 1968

Annual Tax Amount $11,912

Tax Year 2025

Lot Size 10,890 Sqft

Property Description

7822–7828 NE Everett is a fully leased 4-plex in a quiet Montavilla residential pocket, offering stable income today and clear upside in one of Portland's strongest infill rental corridors. Three 2-bedroom units and one 3-bedroom unit average about 954 sq. ft. each, giving tenants and future owner-occupants generous living space compared with typical vintage plexes. All units feature in-unit laundry plus dishwasher, stove, and refrigerator, reducing operating headaches and making the property easy to keep rented. The 1968 garden-style building sits on a level 10,700 sq. ft. R5 lot with 4 on-site parking spaces (2 attached garage, 2 paved surface) and average-condition Class C improvements in a low-rise neighborhood setting that feels residential rather than institutional.Current rents are 100% occupied with long-term tenants and recent/near-term rent increases scheduled, creating dependable cash flow and room for modest future rent growth as leases turn over. Recent operating statements from Jan–Jul 2026 show consistent collections and positive net operating income, making this a turnkey addition to an investment portfolio or an ideal live-one, rent-three scenario for a buyer wanting to offset their housing costs. The property is served by city utilities and sits in the Portland school system, with easy access to I-84, TriMet bus lines, and nearby retail like Fred Meyer, Eastport Plaza, and Providence Portland Medical Center. Located in the Southeast Portland submarket, where multifamily vacancy is low and rents have been steadily growing, this well-located plex is positioned to benefit from long-term demand for close-in housing.

Location

State OR

County Multnomah

Area _142

Zoning R5

Rooms

Basement Crawl Space

Interior

Heating Radiant

Cooling Window Unit

Exterior

Garage Spaces 2.0

View Territorial

Roof Type Shingle

Garage No

Building

Lot Description Level

Story 1

Foundation Slab

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Vestal

Middle Schools Harrison Park

High Schools Leodis Mcdaniel

Others

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Regional Multiple Listing Service (RMLS)

Nearby Locations

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+1(503) 465-5077

info@tbnrealty.com

320 N Main Ave #213, Gresham, Oregon 97030, USA

7822 NE EVERETT ST Portland, OR 97213