5617 SE Belmont St Portland, OR 97215

Located in Portland's desirable Mt. Tabor neighborhood, this solid mid-century fourplex offers charm, income, and flexibility. Built in 1954, the brick property includes three 2-bedroom, 1-bath units and one spacious 3-bedroom, 2-bath unit - ideal for an owner-occupant or savvy investor. All units feature original hardwood floors, private basements, and well-maintained interiors. Some kitchens have been tastefully updated, blending vintage character with modern convenience. The property is fully rented at current market rates, providing strong, stable income from day one.The standout 3-bedroom unit includes two bathrooms and extra space perfect for families or working from home. With a private entrance and generous layout, it's a prime candidate for an owner to live in while offsetting the mortgage with rental income from the other units.Set in a quiet, walkable residential area near Mt. Tabor Park, this location offers quick access to trails, transit, cafes, and major corridors like Hawthorne and Division. Tenants and owners alike enjoy the neighborhood's balance of nature, convenience, and community. The addition at the back of 3 BR/2 BA unit has some ADA features and a comp shingle roof. Framed construction with brick siding.