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$1,475,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 5 days ago
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Turn-Key Multifamily Investment in Mill Park. A true opportunity to own a well-maintained, income-generating property in the desirable Mill Park neighborhood. Situated on a single tax lot, this offering includes a six-unit apartment building and a separate single-family home (blt 1938) providing both stability and versatility in one investment. The standalone home features three spacious bedrooms, two full bathrooms, and a partial basement. Each unit in the adjacent apartment building is a generously sized one-bedroom, thoughtfully designed with private decks, in-unit washer/dryers, and dedicated storage space, ensuring strong tenant appeal and retention. Located within close proximity to public transportation, schools, parks, restaurants, bakeries, and a Grocery Outlet, this property combines urban convenience with residential comfort. With low maintenance requirements, historically low turnover, and immediate cash flow, this is a truly turn-key investment in a high-demand rental market. Owner is open to seller financing with agreeable down and terms.

Full Property Details for 2448 SE 117th Ave

General

  • Price: $1,475,000
  • Taxes: $12,750 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 535479438
  • Updated: 1/12/2026
  • Added to Site: 108 day(s) ago

Rental Information

  • Rent Includes: Sewer, Trash Collection, Water

Additional Information

  • Security/Safety: Sidewalk

Parking

  • Total Spaces: 7
  • Parking Features: Off Street, Paved

Location

  • County: Multnomah
  • Subdivision: MILL PARK
  • Driving Directions: SE Division, go north on SE 117th.

School Information

  • Elementary School: Mill Park
  • Middle School: Floyd Light
  • High School: David Douglas

Community

  • Community Name: 143 - Portland Southeast

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Heater
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Basement Desc.: Crawl Space
  • Roof: Composition
  • Stories/Levels: 3
  • Square Feet: 5,899
  • Year Built: 2004
  • Property Condition: Existing

Lot Features

  • Lot Size (Acres): 0.27
  • Lot Size (Sq. Ft.): 11,761
  • Lot Size: 10, 000 to 14, 999 SqFt
  • Frontage: Paved
  • Lot Features: Level

Financial Considerations

  • Operating Expenses: $33,766
  • Tax Amount: $12,750.89
  • Tax Year: 2024
  • Terms: Cash, Conventional, Owner Will Carry

Disclosures and Reports

  • Legal Description: D & O LITTLE HMS SUB 1, N 70' OF S 170' OF W 198' OF LOT 4, EXC P
  • Property ID: R145740

Listed by Living Room Realty (503) 719-5588, David Columbus (503) 504-2421

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Listing agent

— 2448 SE 117th Ave —

  • David Columbus

    Living Room Realty

    503-719-5588

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 2448 SE 117th Ave

School District:David Douglas School District 40
NameGradesDistance
Mill Park Elementary School
1900 Southeast 117th Avenue, Portland, OR 97216
PK-50.4 mi
Floyd Light Middle School
10800 Southeast Washington Street, Portland, OR 97216
6-81 mi
David Douglas High School
1001 Southeast 135th Avenue, Portland, OR 97233
9-121.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2448 SE 117th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/02/2025
Listed
$1,475,000
372%
MLS
9/20/2013
Sold
$312,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2448 SE 117th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,312
4%
$550,520
3%
2024
$12,751
5%
$534,490
3%
2023
$12,197
7%
$518,930
6%
2021
$11,371
-2%
$489,150
-3%
2022
$11,561
2%
$503,820
6%
2021
$11,371
14%
$474,910
3%
2019
$9,973
3%
$461,080
3%
2018
$9,667
4%
$447,660
3%
2017
$9,310
3%
$434,630
3%
2016
$9,065
6%
$421,980
3%
2015
$8,528
2%
$409,690
3%
2014
$8,336
10%
$397,760
3%
2013
$7,589
—
$386,180
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Living Room Realty (503) 719-5588, David Columbus (503) 504-2421

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2448 SE 117th Ave, Portland, OR 97216 (MLS# 535479438) is a Multi-Family property with 7 units containing 0 bedrooms and 0 full bathrooms. 2448 SE 117th Ave is currently listed for $1,475,000 and was received on October 02, 2025. Want to learn more about 2448 SE 117th Ave? Do you have questions about finding other Multi-Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

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