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$999,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 day ago
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Close in Five plex located in a Great SE Portland location with a bike score of 97 and a walk score of 73. Close to Trader Joes, New Seasons, Reed College, Coffee shops and Woodstock shopping district. Located on the bus line. One unit is currently vacant and currently being remodeled. Great investment property with solid rental history. New roof 2024,newer vinyl windows and paint. Front unit is two bedrooms and has two fireplaces,finished basement area with access to two car garage. Large individual storage spaces in the basementas well as on site coin metered laundry. Locked owners work space in the basement. This property has been owned by the same family for years and they have taken well care of it. Do not disturb the tenants.

Full Property Details for 4428 SE 42nd Ave

General

  • Price: $999,000
  • Taxes: $12,075 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 451653041
  • Updated: 10/7/2026
  • Added to Site: 2 day(s) ago

Rental Information

  • Rent Includes: Sewer, Trash Collection, Water

Parking

  • Garage: Yes
  • Parking Features: Garage, On Street

Location

  • County: Multnomah
  • Subdivision: Lenox
  • Driving Directions: Corner of SE Holgate Blvd and SE 42

School Information

  • Elementary School: Creston
  • Middle School: Hosford
  • High School: Franklin

Community

  • Community Name: 143 - Portland Southeast

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Window Unit(s)
  • Heating Type: Forced Air, Wall Heater
  • Heating Fuel: Electricity, Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Basement Desc.: Full Basement, Storage Space
  • Roof: Composition
  • Stories/Levels: 1
  • Square Feet: 3,627
  • Year Built: 1959
  • Property Condition: Updated/Remodeled

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Size (Sq. Ft.): 5,227
  • Lot Size: 5, 000 to 6, 999 SqFt
  • Frontage: Paved
  • Lot Features: Corner Lot, On Busline

Financial Considerations

  • Operating Expenses: $19,213
  • Tax Amount: $12,075.17
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: LENOX, BLOCK 10, LOT 23
  • Disclosures/Reports: Disclosure
  • Property ID: R206235

Listed by Metro Group Realty (503) 341-5026, Thomas DeMonbrun (503) 341-5026

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Listing agent

— 4428 SE 42nd Ave —

  • Thomas DeMonbrun

    Metro Group Realty

    503-341-5026

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NMLS#: 1598647

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NMLS#: 1598647

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

Schools serving 4428 SE 42nd Ave

School District:Portland School District 1j
NameGradesDistance
Creston Elementary School, Portland, OR
4701 Southeast Bush Street, Portland, OR 97206
K-50.4 mi
Hosford Middle School
2303 Southeast 28th Place, Portland, OR 97214
6-81.4 mi
Franklin High School, Portland, OR
5405 Southeast Woodward Street, Portland, OR 97206
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4428 SE 42nd Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/07/2026
Listed
$999,000
1010%
MLS
5/14/2002
Sold
$90,000
—
Public Record
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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 4428 SE 42nd Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,075
3%
$450,580
3%
2024
$11,704
4%
$437,460
3%
2023
$11,255
4%
$424,720
6%
2021
$10,824
-2%
$400,340
-3%
2022
$11,011
2%
$412,350
6%
2021
$10,824
13%
$388,680
3%
2019
$9,565
3%
$377,360
3%
2018
$9,283
4%
$366,370
3%
2017
$8,897
9%
$355,700
3%
2016
$8,142
5%
$345,340
3%
2015
$7,781
2%
$335,290
3%
2014
$7,665
6%
$325,530
3%
2013
$7,214
—
$316,050
—
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 Metro Group Realty (503) 341-5026, Thomas DeMonbrun (503) 341-5026

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4428 SE 42nd Ave, Portland, OR 97206 (MLS# 451653041) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 4428 SE 42nd Ave is currently listed for $999,000 and was received on October 07, 2026. Want to learn more about 4428 SE 42nd Ave? Do you have questions about finding other Multi-Family real estate for sale in Southeast Uplift? You can browse all Southeast Uplift real estate or contact a Coldwell Banker agent to request more information.

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