4435 SE Belmont St, Portland, OR 97215 - Photo 1

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$1,650,000

For Sale
Active
Multi-Family

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Property Description

4435 SE Belmont presents a rare chance to acquire a 12-unit multifamily asset in the high-demand Sunnyside neighborhood of southeast Portland. Located along the thriving Belmont retail corridor, the property benefits from walkable amenities, excellent transit access, and consistent tenant demand. The unit mix and property condition support stable cash flow with potential for rent growth through light value-add improvements. The property includes many updated units, new exterior paint, a new 70 year metal roof, and a dedicated parking lot. Each unit has separate gas and electric meters. With limited inventory in this core submarket, this offering is well positioned for both long-term hold or repositioning strategies

Full Property Details

Full Property Details for 4435 SE Belmont St

General

Price: $1,650,000
Taxes: $15,441 (2024)
Status: Active
Type: Multi-Family
Source: RWMLS
MLS ID: 520360821
Updated: 9/22/2025
Added to Site: 250 day(s) ago

Rental Information

Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water

Additional Information

Security/Safety: Fire Escape

Parking

Total Spaces: 6
Parking Features: Assigned

Location

County: Multnomah
Subdivision: SUNNYSIDE / BELMONT
Driving Directions: 45th & Belmont

School Information

Elementary School: Glencoe
Middle School: Mt Tabor
High School: Franklin

Community

Community Name: 143 - Portland Southeast

Heating & Cooling

Cooling Type: None
Heating Type: Wall Furnace
Heating Fuel: Electricity, Gas

Utilities

Sewer: Public Sewer
Water: Public Water

Structural Information

Property Detached: Yes
Basement Desc.: Full Basement
Roof: Metal
Stories/Levels: 3
Square Feet: 8,952
Year Built: 1911
Property Condition: Updated/Remodeled

Lot Features

Lot Size (Acres): 0.2
Lot Size (Sq. Ft.): 8,712
Lot Size: 7, 000 to 9, 999 SqFt
Frontage: Paved
Lot Features: Corner Lot, Level

Financial Considerations

Operating Expenses: $70,387
Tax Amount: $15,441.87
Tax Year: 2024
Terms: Cash, Conventional

Disclosures and Reports

Legal Description: PARADISE SPR TR, BLOCK 4, INC VAC ST LOT 4
Property ID: R233406

Listed by Apex Residential (503) 595-2840, Jordan Fezler (503) 313-8149

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Listing agent

— 4435 SE Belmont St —

Jordan Fezler

Apex Residential

503-595-2840

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Schools

Schools serving 4435 SE Belmont St

School District:Portland School District 1j

Name	Grades	Distance
Glencoe Elementary School 825 Southeast 51st Avenue, Portland, OR 97215	K-5	0.3 mi
Mt Tabor Middle School 5800 Southeast Ash Street, Portland, OR 97215	6-8	0.7 mi
Franklin High School, Portland, OR 5405 Southeast Woodward Street, Portland, OR 97206	9-12	1.1 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 4435 SE Belmont St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

9/22/2025

Price Reduced

$1,650,000

-2.65%

MLS

9/03/2025

Price Reduced

$1,695,000

-1.74%

MLS

8/12/2025

Price Reduced

$1,725,000

-1.37%

MLS

7/21/2025

Price Reduced

$1,749,000

-1.46%

MLS

6/23/2025

Listed

$1,775,000

11.98%

MLS

10/29/2020

Sold

$1,585,100

—

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

Tax History for 4435 SE Belmont St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$16,326

$605,920

2024

$15,442

$577,150

2023

$14,848

$560,340

2021

$14,281

-2%

$528,180

-3%

2022

$14,527

$544,020

2021

$14,281

13%

$512,800

2019

$12,619

$497,870

2018

$12,248

$483,370

2017

$11,739

$469,300

2016

$10,743

$455,640

2015

$10,461

$442,370

2014

$10,303

$429,490

2013

$10,063

—

$416,990

—

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.

Estimate the Cost

Estimate the Cost for 4435 SE Belmont St

4435 SE Belmont St, Portland, OR 97215 (MLS# 520360821) is a Multi-Family property with 12 units containing 0 bedrooms and 0 full bathrooms. 4435 SE Belmont St is currently listed for $1,650,000 and was received on June 23, 2025. Want to learn more about 4435 SE Belmont St? 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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4435 SE Belmont St Portland, OR 97215