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$902,223

  • Sold
  • Sold
  • Multi-Family
See This Home
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Excellent opportunity to own a turnkey, fully occupied four-plex in the heart of NE Portland. This property features a desirable mix of units-three spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit-all fully remodeled in 2015 with high-quality finishes and modern updates, including in-unit washers and dryers.Professionally managed and consistently occupied, the investment is scheduled to gross over $75,000 in 2025. Actual financials closely mirror the pro-forma, supporting a realistic 5+% CAP rate, making this a solid, dependable investment.Located near Laurelhurst and the Hollywood District, just steps to restaurants, shops, parks, Providence Hospital, library, the Hollywood Farmers Market, and MAX Light Rail. Enjoy easy access to I-84 and major transit routes, making it highly attractive to tenants and commuters alike. Whether you're looking to grow your portfolio or invest in a high-performing asset in a thriving Portland neighborhood, this four-plex checks all the boxes.

Full Property Details for 5516 NE Hoyt St

General

  • Sold For: $902,223
  • Taxes: $12,753 (2024)
  • Status: Sold
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 327417535
  • Added to Site: 202 day(s) ago

Rental Information

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

Parking

  • Total Spaces: 4
  • Parking Features: Assigned, Off Street

Location

  • County: Multnomah
  • Driving Directions: NE Glisan to NE 55th Ave to Hoyt St

School Information

  • Midd School District: Laurelhurst
  • Elementary School: Laurelhurst
  • Middle School: Laurelhurst
  • High School: Grant

Community

  • Community Name: 142 - Portland Northeast

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: Built-Up
  • Stories/Levels: 2
  • Square Feet: 3,306
  • Year Built: 1966
  • Property Condition: Updated/Remodeled

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 4,356
  • Lot Size: 3, 000 to 4, 999 SqFt
  • Frontage: Paved
  • Lot Features: Level

Financial Considerations

  • Operating Expenses: $26,193
  • Tax Amount: $12,753.21
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Property ID: R110686

Listed by Windermere RE Lane County (541) 484-2022, Christopher Mackey (541) 525-2559
Sold by MORE Realty (503) 353-6673, Tashi Lama

Listing agent

— 5516 NE Hoyt St —

  • Christopher Mackey

    Windermere RE Lane County

    541-484-2022

541-525-2559

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5516 NE Hoyt St

School District:Portland School District 1j
NameGradesDistance
Laurelhurst Elementary School, Portland, OR
840 Northeast 41st Avenue, Portland, OR 97232
K-80.6 mi
Grant High School
2245 Northeast 36th Avenue, Portland, OR 97212
9-121.3 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 5516 NE Hoyt St

Date
Details
Price
Change
Source
12/05/2025
Sold
$902,223
-3.51%
MLS
6/30/2025
Listed
$935,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Windermere RE Lane County (541) 484-2022, Christopher Mackey (541) 525-2559
Sold by MORE Realty (503) 353-6673, Tashi Lama

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5516 NE Hoyt St, Portland, OR 97213 (MLS# 327417535) is a Multi-Family property that was sold at $902,223 on December 05, 2025. Want to learn more about 5516 NE Hoyt 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.