Listing provided courtesy of Keller Williams Realty Portland Premiere- MLS# 24196384MLS ProviderContact Information: 503-709-4632

1318 NE 46th AVEPortland, OR 97213

Multi-Family · 6,121 Sq. ft. | 0.12 Acres
$2,150,000 Active

1318 NE 46th AVE Overview

Time on Site:
599 days
Visits:
9

This meticulously maintained 6-plex offers a fantastic investment opportunity in an unbeatable location, just 0.3 miles from vibrant coffee shops, grocery stores, restaurants, and parks. With an impressive 89 BikeScore and easy access to I-84, tenants will enjoy the best of both convenience and connectivity. Each unit features spacious 2-bedroom, 2-bathroom layouts with open-concept floor plans that are flooded with natural light. Expansive windows and soaring ceilings create an airy, modern living space that is perfect for today's lifestyle. The generously sized living rooms flow effortlessly into the sleek kitchens, which showcase warm cabinetry, stainless steel appliances, and tasteful tile accents. A full bathroom with a walk-in shower is conveniently located on the main floor. Upstairs, both bedrooms offer plenty of space and are complemented by a charming bathroom with a luxurious soaking tub. Each unit includes a private, fenced yard space'ideal for outdoor enjoyment or relaxation. With a 1-year builder warranty in place, you can have peace of mind. Whether you're looking to expand your portfolio or secure a long-term, low-maintenance rental property, this 6-plex offers an exceptional combination of location, quality, and rental appeal. Don't miss this rare opportunity!

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1318 NE 46th AVE Facts & Features

  • Type Multi-Family
  • Sq. ft. 6,121
  • Price/Sq.ft. $351
  • Lot 0.12 Acres

Details

General

School Information

  • Elementary School: Laurelhurst
  • Middle Or Junior School: Laurelhurst
  • High School: Grant

Income/Expenses

  • Gross Income: 163493.0
  • Net Operating Income: 122053.0
  • Operating Expense: 41440.0

Building Information

  • Year Built: 2024

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 142 - Portland Northeast
  • Subdivision Name: HOLLYWOOD

Rent/Lease Information

  • Rent Includes: None

Tax Information

  • Tax Annual Amount: 0

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: New Construction
  • Property Condition: New Construction
  • Property Type: Multi Family
  • Zoning: RM2

Interior

Building Interior

  • Building Area Total: 6121.0

General Information

  • Cooling: Heat Pump
  • Foundation Details: Concrete Perimeter,Slab
  • Heating: Mini Split
  • Stories: 2

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Lot Features: Level
  • Lot Size Acres: 0.12
  • Lot Size Dimensions: 117.5' x 46'
  • Lot Size Square Feet: 5227.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 6
  • Sewer: Public Sewer

1318 NE 46th AVE Neighborhood

Community

97213 (PORTLAND) Demographics

41
Median Age
8,110
Population Density (per sq. mile)
66%
College Educated
$80,916
Estimated Median Income
9,378
Estimated Total Home Owners
5,289
Estimated Total Renters
64% / 36%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1318 NE 46th AVE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1318 NE 46th AVE Market Data

Based on the last 30 days in this zip code

$490,975
Average List Price
$304
Average Price per Square Foot
32
Properties Sold
83
Average Days on Market
110
Properties for Sale
Calculations provided by Reliance Network

1318 NE 46th AVE History

Date Event Value Agent
8/6/2025Source: Regional MLS Price Reduction
$2,150,000 -0.5%
3/27/2025Source: Regional MLS Price Reduction
$2,159,900 -4.0%
1/22/2025Source: Regional MLS Price Reduction
$2,249,900 -7.4%
11/7/2024Source: Regional MLS Added to Database
November 07, 2024