4840 NE 99th Ave, Portland, OR 97220 - Photo 1

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$559,950

For Sale
Active
Multi-Family

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Property Description

*** 10% DOWN INVESTOR LOAN *** 9.74% CAP RATE *** A CAP Rate higher than the loan interest rate is a no brainer! CLAIM THIS POSITIVE CASH FLOW NOW!!! Very convenient location for easy commute. This property has 2 duplex buildings on one tax lot. There are two 2 bed 1 bath units and two 1 bed 1 bath units plus a laundry room. This property provides a great opportunity for an owner occupant - loans available with as little as zero down for veterans or 3.5% and 5% down options for most other owner occupants and possible help for the 5%. Investor loan available with as little as 10% down. This is the deal you've been looking for! [Home Energy Score = 6. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10235317]

Full Property Details

Full Property Details for 4840 NE 99th Ave

General

Price: $559,950
Taxes: $2,262 (2025)
Status: Active
Type: Multi-Family
Source: RWMLS
MLS ID: 796374130
Updated: 10/17/2025
Added to Site: 345 day(s) ago

Rental Information

Rent Includes: Sewer, Trash Collection, Water

Parking

Total Spaces: 4
Parking Features: Driveway, Off Street

Location

County: Multnomah
Driving Directions: Wygant to north on 99th.

School Information

Elementary School: Prescott
Middle School: Parkrose
High School: Parkrose

Community

Community Name: 142 - Portland Northeast

Heating & Cooling

Heating Type: Baseboard
Heating Fuel: Electricity

Utilities

Sewer: Public Sewer
Water: Public Water

Structural Information

Property Detached: Yes
Roof: Composition
Stories/Levels: 1
Square Feet: 1,974
Year Built: 1933
Property Condition: Existing

Lot Features

Lot Size (Acres): 0.11
Lot Size (Sq. Ft.): 4,791
Lot Size: 5, 000 to 6, 999 SqFt
Lot Dimensions: 50 x 100
Frontage: Paved
Lot Features: Cul-de-sac, Level

Green Features

Green Certified: Yes

Financial Considerations

Operating Expenses: $12,223
Tax Amount: $2,262.03
Tax Year: 2025
Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

Legal Description: PARKROSE & RPLT, BLOCK 83, LOT 7
Property ID: R235741

Listed by RE/MAX Equity Group (503) 626-4600, Jason Kennedy (503) 679-0554

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Listing agent

— 4840 NE 99th Ave —

Jason Kennedy

RE/MAX Equity Group

503-626-4600

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Schools

Schools serving 4840 NE 99th Ave

School District:Parkrose School District 3

Name	Grades	Distance
Prescott Elementary School, Portland, OR 10410 Northeast Prescott Street, Portland, OR 97220	PK-5	0.4 mi
Parkrose Middle School 11800 Northeast Shaver Street, Portland, OR 97220	6-8	1.1 mi
Parkrose High School 12003 Northeast Shaver Street, Portland, OR 97220	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 4840 NE 99th Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

10/16/2025

Price Increased

$559,950

0.01%

MLS

10/09/2025

Price Reduced

$559,900

-4.29%

MLS

9/03/2025

Price Reduced

$585,000

-1.68%

MLS

6/24/2025

Price Reduced

$595,000

-0.83%

MLS

2/06/2025

Listed

$600,000

50%

MLS

12/26/2018

Sold

$400,000

—

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

Tax History for 4840 NE 99th Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$2,262

$98,850

2024

$2,170

$95,980

2023

$2,081

$93,190

2021

$2,006

-2%

$87,850

-3%

2022

$2,040

$90,480

2021

$2,006

14%

$85,300

2019

$1,763

$82,820

2018

$1,703

$80,410

2017

$1,641

$78,070

2016

$1,584

$75,800

2015

$1,553

$73,600

2014

$1,521

$71,460

2013

$1,498

—

$69,380

—

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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 4840 NE 99th Ave

4840 NE 99th Ave, Portland, OR 97220 (MLS# 796374130) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 4840 NE 99th Ave is currently listed for $559,950 and was received on February 06, 2025. Want to learn more about 4840 NE 99th Ave? Do you have questions about finding other Multi-Family real estate for sale in Eastmoreland? You can browse all Eastmoreland real estate or contact a Coldwell Banker agent to request more information.

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4840 NE 99th Ave Portland, OR 97220