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2448 SE 117th Ave, Portland, OR 97216

$1,475,000

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Property Description

Turn-Key Multifamily Investment in Mill Park. A true opportunity to own a well-maintained, income-generating property in the desirable Mill Park neighborhood. Situated on a single tax lot, this offering includes a six-unit apartment building and a separate single-family home (blt 1938) providing both stability and versatility in one investment. The standalone home features three spacious bedrooms, two full bathrooms, and a partial basement. Each unit in the adjacent apartment building is a generously sized one-bedroom, thoughtfully designed with private decks, in-unit washer/dryers, and dedicated storage space, ensuring strong tenant appeal and retention. Located within close proximity to public transportation, schools, parks, restaurants, bakeries, and a Grocery Outlet, this property combines urban convenience with residential comfort. With low maintenance requirements, historically low turnover, and immediate cash flow, this is a truly turn-key investment in a high-demand rental market. Owner is open to seller financing with agreeable down and terms.

2448 SE 117th Ave | MLS# 535479438

This multi-family property located at 2448 SE 117th Ave, Portland, OR 97216 is currently listed for sale with an asking price of $1,475,000. Search Portland real estate on katiemcginnis.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Cooling: None
Fuel Type: Electricity
Heating: WallHeater
Roof Type: Composition
Stories: 3.0
Taxes: $12,751
Year Built: 2004
Square Feet: 5,899

Units

Unit Type 1:
Bathroom(s): 2
Bedrooms: 3
Features: Dishwasher, Range, Refrigerator, WasherDryerHookup
Rent: $2650.00
Square Footage: 1829
Total Units: 1
Unit Type 2:
Bathroom(s): 1
Bedrooms: 1
Features: Range, Refrigerator, Storage, WasherDryer
Rent: $1075.00
Square Footage: 761
Total Units: 1
Unit Type 3:
Bathroom(s): 1
Bedrooms: 1
Features: Range, Refrigerator, Storage, WasherDryer
Rent: $1290.00
Square Footage: 761
Total Units: 1
Unit Type 4:
Bathroom(s): 1
Bedrooms: 1
Features: Range, Refrigerator, Storage, WasherDryer
Rent: $1215.00
Square Footage: 761
Total Units: 1
Unit Type 5:
Bathroom(s): 1
Bedrooms: 1
Features: Range, Refrigerator, Storage, WasherDryer
Rent: $1200.00
Square Footage: 761
Total Units: 1
Unit Type 6:
Bathroom(s): 1
Bedrooms: 1
Features: Range, Refrigerator, Storage, WasherDryer
Rent: $1300.00
Square Footage: 761
Total Units: 1
Unit Type 7:
Bathroom(s): 1
Bedrooms: 1
Features: Range, Refrigerator, Storage, WasherDryer
Rent: $1025.00
Square Footage: 761
Total Units: 1

Feature Descriptions

Days on Site: 197
Exterior: Cement Siding
Gross Income: $117060.00 (Actual)
Hot Water: Electricity
Lot: Level
Net Income: $83296.00 (Actual)
Operating Expenses: $33766.00 (Actual)
Parking: OffStreet, Paved
Parking Notes: OffStreet, Paved
Sewer: Public Sewer
Units: 7
Water: Public Water

Local Schools

High School: David Douglas
Middle School: Floyd Light
Elementary School: Mill Park

Listed By / Shown By

Listed By

Agency Name: Living Room Realty
Agency Phone: 503-719-5588

Shown By

Agent Name: Katie McGinnis Broker
Agent Phone: (541) 639-9794
Agency Title: Bend Premier Real Estate

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Estimate Your Payment

Estimated Payment

$ 8,951.19 per month $7,458.40 Principal & Interest $1,062.58 Property Tax $430.21 Homeowner's Insurance

Change Payment Information

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/19/2026. The listing information on this page last changed on 04/19/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 04/19/2026 12:00:21 AM EST) or RMLS (last updated Fri 04/17/2026 2:17:06 PM EST) or COAR/MLSCO (last updated Sat 04/18/2026 11:51:23 PM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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