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$1,400,000

  • For Sale
  • Active
  • Multi-Family
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This seven-unit multifamily property in Portland's desirable Cully neighborhood offers an exceptional investment opportunity. The property features six spacious two-bedroom, one-bathroom units and one larger three-bedroom, one-bathroom unit with a private garage, making it ideal for a mix of tenants and potential owner-occupancy. Recent upgrades include a new roof installed five years ago and energy-efficient double-pane windows throughout, reducing long-term maintenance and improving tenant appeal. Situated in a highly sought-after area known for its vibrant community feel, the property offers easy access to parks, dining, shopping, and public transit, providing excellent livability for tenants. With strong rental demand, a desirable unit mix, and recent capital improvements, this property presents a rare opportunity for investors seeking steady income potential and long-term appreciation in one of Portland's fastest-growing neighborhoods.

Full Property Details for 4811 NE Prescott St

General

  • Price: $1,400,000
  • Taxes: $12,671 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 196836946
  • Updated: 10/6/2025
  • Added to Site: 142 day(s) ago

Rental Information

  • Rent Includes: Sewer, Trash Collection, Water

Parking

  • Total Spaces: 13
  • Parking Features: Open, Paved

Location

  • County: Multnomah
  • Driving Directions: Take NE 47th Ave north, then turn East onto NE Prescott St

School Information

  • Elementary School: Rigler
  • Middle School: Beaumont
  • High School: Leodis McDaniel

Community

  • Community Name: 142 - Portland Northeast

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Other
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Basement Desc.: Crawl Space
  • Roof: Composition
  • Year Built: 1975

Lot Features

  • Lot Size (Acres): 0.68
  • Lot Size (Sq. Ft.): 29,620
  • Lot Size: 20, 000 SqFt to .99 Acres
  • Lot Features: Private

Financial Considerations

  • Operating Expenses: $57,565
  • Tax Amount: $12,671.11
  • Tax Year: 2024
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: SECTION 19 1N 2E, TL 13200 0.68 ACRES
  • Property ID: R317714

Listed by Opt (503) 714-9178, Henry Liu (503) 714-9178

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Listing agent

— 4811 NE Prescott St —

  • Henry Liu

    Opt

    503-714-9178

503-714-9178

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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!

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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 4811 NE Prescott St

School District:Portland School District 1j
NameGradesDistance
Rigler Elementary School
5401 Northeast Prescott Street, Portland, OR 97218
K-50.3 mi
Beaumont Middle School
4043 Northeast Fremont Street, Portland, OR 97212
6-80.7 mi
Leodis V. McDaniel High School
3905 Southeast 91st Avenue, Portland, OR 97266
9-124.8 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 4811 NE Prescott St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/06/2025
Price Reduced
$1,400,000
-6.67%
MLS
8/29/2025
Listed
$1,500,000
—
MLS
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 4811 NE Prescott St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,143
4%
$487,790
3%
2024
$12,671
4%
$473,590
3%
2023
$12,184
4%
$459,800
6%
2021
$11,718
-2%
$433,410
-3%
2022
$11,920
2%
$446,410
6%
2021
$11,718
13%
$420,790
3%
2019
$10,355
3%
$408,540
3%
2018
$10,050
4%
$396,650
3%
2017
$9,633
9%
$385,100
3%
2016
$8,815
3%
$373,890
3%
2015
$8,584
2%
$363,000
3%
2014
$8,454
2%
$352,430
3%
2013
$8,258
—
$342,170
—
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 Opt (503) 714-9178, Henry Liu (503) 714-9178

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4811 NE Prescott St, Portland, OR 97218 (MLS# 196836946) is a Multi-Family property with 7 units containing 0 bedrooms and 0 full bathrooms. 4811 NE Prescott St is currently listed for $1,400,000 and was received on August 29, 2025. Want to learn more about 4811 NE Prescott 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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