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3096 HIGHWAY 101 N, Gearhart
$1,500,000
351146141 MLS
Exceptional multi-family investment property in desirable Gearhart. Thoughtfully designed, built in 2019 with quality craftsmanship, durability and low maintenance in mind making it an attractive addition to any investment portfolio. Four spacious 1,718 sq ft units with 3 bedrooms, 2-1/2 bathrooms each. Every unit has an appealing modern aesthetic with 9ft ceilings bringing in lots of natural light and use of materials such as quartz countertops in the kitchen and bathrooms, stainless steel appliances and engineered hardwood flooring. The kitchen offers a walk-in pantry as well as an island with extra seating space for 3-4. The layout of each unit makes the most of its usable space with an open first floor, efficient design and all bedrooms and two full bathrooms on the second story. Primary bedroom has an en suite bathroom with a walk-in shower and dual sinks. Each townhome-style unit has a private driveway, a one car garage and stackable washer/dryer. Additional parking spaces available on site. Each unit opens to a private fenced-in patio and backyard. This turnkey investment property is ideally situated near north coast amenities. Convenient to the beach, restaurants, shopping and recreational activities. This is an investment property that offers strong upside potential in an area that has experienced high demand for rental properties with hundreds of applications for available units. Strong rental history with documented tenant records available. Great opportunity for a hands-on investor, owner/occupant, investment portfolio or 1031 exchange.

3096 HIGHWAY 101 N, Gearhart

4881 SE 63rd AVE, Portland
$1,499,900
23173818 MLS
Amazing SE PDX location in idyllic Mt. Scott-Arleta meets elevated design + modern architecture! Impeccably designed, find warm tones across these open concept floor plans boasting expansive windows for a light + bright feel with door out to private, fenced patio with coveted AC! High-end finishes grace each space with a custom kitchen featuring modern cabinetry, slab counters, extensive tile backsplash and stainless steel appliance package. Sleek black fixtures + stylish lighting + designer tones finish out these custom, 2 bed/1.1 bath interiors! Phenomenal 99BikeScore/90Walkscore puts you in the hub of SEs vibrant neighborhood + just steps to restaurants, shops, coffee + 0.2 miles to Laurelwood Park! Enjoy a 1-year builder warranty with peace of mind from a local boutique builder!

4881 SE 63rd AVE, Portland

95500 HIGHWAY 101, Yachats
$1,499,000
754846671 MLS
THE BEACHCOMBER COTTAGES! Exceptional oceanfront investment opportunity featuring three buildings with six established short-term rental units, plus a seventh unfinished unit currently serving as a laundry/utility room, offering potential for conversion into a manager's unit or additional rental. The property totals 3,674 square feet and includes a path leading directly to the beach. Units 1 and 2 are studio-style accommodations with a kitchenette and full bathroom. Units 3 and 4 feature one main-level bedroom, a spacious living room, full kitchen, dining area, and an upstairs loft with three full-size beds, comfortably accommodating larger groups. Unit 5 offers one bedroom, one bathroom, a full kitchen, dining area, and living space. Unit 6, the largest unit, features a generous living room, full kitchen, dining area, bathroom, one bedroom on the main level, and an additional upstairs bedroom. Each unit includes a private deck with breathtaking views of the Pacific Ocean and sandy shoreline. Guests can enjoy the shared grassy picnic area, open-air storage shed between Units 3 and 4, and easy beach access from the property. Whether you're looking to expand your investment portfolio or own a premier coastal hospitality property, this rare oceanfront offering combines an unbeatable location, established rental income, and future potential.

95500 HIGHWAY 101, Yachats

2092 N Watts ST, Portland
$1,489,900
599886701 MLS
New construction investment opportunity in the heart of historic Kenton, offering a boutique collection of thoughtfully designed, townhouse style residences with features that help attract and retain quality tenants. Each home offers a highly livable layout with bedrooms and full bathrooms upstairs, a convenient main level half bathroom and open gathering spaces below, giving residents welcome separation between entertaining and everyday routines. Light filled living areas, kitchens with solid surface countertops and stainless steel appliances, and dedicated in home laundry provide the comfort and convenience renters value. Mini split heating and cooling offer year round climate control, a meaningful advantage over older rental inventory without air conditioning. Private decks and outdoor areas add room to relax, with the rear residence featuring the largest deck and fenced yard in the community. Durable modern finishes, new construction and a one year builder warranty further enhance the property's appeal. Just minutes from the independent shops and dining along N Denver Avenue, Kenton Park and MAX Yellow Line connections, the community combines a vibrant neighborhood setting with convenient access across Portland. A compelling rental portfolio opportunity that pairs modern living, functional floor plans and desirable outdoor space in an established North Portland location.

2092 N Watts ST, Portland

9512 N OSWEGO AVE, Portland
$1,475,000
513605984 MLS
9512-9524 N Oswego Avenue presents the opportunity to acquire a nine-unit apartment and duplex asset in Portland’s St. Johns neighborhood, a distinct North Portland submarket recognized for low vacancy, strong resident retention, and durable workforce housing demand. The property consists of a seven-unit apartment building and a duplex on a single tax lot. The unit mix is predominantly 2 Bed / 1 Bath units, which account for eight of the nine total units, with one additional 1 Bed / 1 Bath unit. The asset also features off-street parking for each unit, supporting tenant convenience and long-term retention.From a physical standpoint, all plumbing in the seven-unit building has been replaced with PEX, reducing deferred maintenance exposure at acquisition.The property offers a strong in-place yield with clear operational upside and a straightforward path to income growth. Utility reimbursements have already been partially implemented, establishing proof of concept for a full rollout across the asset. In-place rents also remain below market comparables, creating additional room for organic rent growth over time. St. Johns occupies a peninsula at the convergence of the Willamette and Columbia Rivers, a geography that reinforces the neighborhood’s self-contained character and tight rental dynamics. The property is located at the corner of N Fessenden Street and N Oswego Avenue, one block from the N Lombard Street corridor, with access to downtown Portland approximately nine miles south.

9512 N OSWEGO AVE, Portland

2106 SE MAIN ST, Portland
$1,474,950
190894084 MLS
A rare opportunity to own the historic Nettie Krouse Fourplex in the heart of Buckman—offering the character of a 1910 Portland property with many of the major building systems already updated. Significant improvements include a new roof and gutters in 2022, copper plumbing, updated electrical, restored original windows, eco-friendly attic insulation and a restored detached 2-car garage, allowing the next owner to enjoy a vintage investment property with substantial capital improvements already completed.Individually listed on the National Register of Historic Places, the fourplex features two expansive 2-bedroom residences with additional upper-level bonus space and two spacious 1-bedroom residences. Original hardwood floors, historic windows and period architectural details preserve the craftsmanship and charm of the building, while generous basement areas provide excellent additional storage.Current rents total $8,800/month—$2,500 each for the larger units and $1,900 each for the smaller units—providing $105,600 in annual scheduled gross income. Situated on a beautifully landscaped 7,000 SF lot with outdoor spaces and a detached garage, all on a quiet, tree-lined street just blocks from Hawthorne. An exceptional opportunity to acquire a well-cared-for, income-producing piece of Portland history in one of the city's most desirable close-in neighborhoods.

2106 SE MAIN ST, Portland

2364 NW JOHNSON ST, Portland
$1,450,000
167083522 MLS
A rare opportunity to own a fourplex in Portland's coveted Alphabet District, blending historic charm with income-producing potential. The spacious main residence is currently vacant, ideal for owner-occupied living with rental income from three additional units. Built in 1912, the property showcases timeless architectural details and flowing living spaces.The main residence welcomes you into an elegant living room anchored by a fireplace with dentil molding, flanked by built-in bookcases and diamond-pane windows. Pocket doors open to a formal dining room with classic wainscoting. The kitchen features a gas range, tile backsplash, French-door refrigerator, and breakfast nook with a built-in hutch. Sliding doors lead to the back deck and expansive backyard reserved exclusively for the main residence. Framed by established landscaping, this private retreat offers a generous patio for alfresco dining and entertaining. The main residence includes 2 bedrooms and 2 bathrooms, highlighted by a primary suite with a walk-in closet and ensuite bath featuring a walk-in shower. A lower-level bonus room offers flexible office or storage space.Three additional residences add versatility and rental-income potential. The lower-level 1-bedroom, 1-bath unit features an open living, dining, and kitchen area. Both upper-level units offer 2 bedrooms and 1 bathroom. The second-floor residence features a gas fireplace, eat-in kitchen, two spacious bedrooms with walk-in closets, a covered rear deck overlooking the backyard, and an expansive front deck with views toward NW Johnson Street. The top-floor residence features French doors, a private deck, two generous walk-in closets, and approximately 300 square feet of additional storage. Each of the 4 residences has its own dedicated furnace and water heater. Moments from the boutiques, restaurants, cafés, and amenities of NW 23rd Avenue, this exceptional property offers a compelling opportunity for owner-occupants and investors alike.

2364 NW JOHNSON ST, Portland

3210 SW ANCHOR AVE, Lincoln City
$1,450,000
454707392 MLS
Lincoln City Investment Opportunity! Renovated and updated 6-plex located just across the street from easy beach access with miles of sandy beach and tidepools. Situated in the heart of the Nelscott district with charming shops, dining, and convenience to local activities. Gross income amount of $109,800. The complex features a coin op laundry, newer composition roof (2020) and new decks, pavers and landscaping. Recent renovations include plumbing and electrical updates, helical piers in units 3&5, leveling of all floors, new water heaters, new gas heat stoves, appliances, attic insulation, new gas furnace in unit 6, new water main line, and much more! (See the full list in documents.) Nescott Mixed Use (NBMU) zoning permits a range of commercial, recreational, and residential activities (Buyer to verify with Lincoln City Planning on intended use.) Don't miss this solid multi-family investment in a desirable Oregon Coast location. Interior photos are from prior to tenants moving in. Please do not disturb tenants.

3210 SW ANCHOR AVE, Lincoln City

3445 NE 40TH CT, Neotsu
$1,435,000
782296854 MLS
Rare, universally designed, lakefront, income property embracing the timeless beauty of the Oregon Coast. Tucked quietly among blooming waterlilies on the peaceful Northern shores of Devil's Lake, this was created for effortless living, comfort, & connection to nature at every stage of life. Designed w/ accessibility & ease in mind, this offers main-level living in every residence, w/ elevator access to the lower-level units for seamless mobility. Wide doorways, pocket doors, built-ins, deep garages, & central vac create a home that feels both elegant & welcoming — whether for full-time living, multigenerational living, retirement, or a peaceful coastal retreat. A whimsical deck invites residents to enjoy the calm waters of Devil's Lake w/ ease, offering a gentle & accessible connection to kayaking, wildlife watching, fishing, or simply soaking in the serenity of lakeside life. Ducks paddle quietly by while birdsong fills the air from your own private outdoor sanctuary. The lower unit has a swim spa w/ easy sit-down access to year-round soaking & exercise surrounded by nature. The property currently generates annual income w/ 3 beautifully appointed units plus a bonus studio, presenting an exceptional opportunity for both lifestyle & investment. Potential future uses may include condominiums, bed & breakfast, senior living apartments, an artist retreat, wellness escape, or a family compound. Three lakefront primary suites open to expansive private decks. Quality craftsmanship shines throughout, local cedar shake siding and the home's energy-efficient hillside construction creates remarkably low utility costs. In fact, the owner rarely needed supplemental heat over the past 20 years. On cool evenings, the double-sided fireplaces provide warmth within minutes, while fresh ocean breezes drifting in through screened doors eliminate the need for air conditioning. Set on a generous lot just moments from the beach, hospital, post office, grocery stores, & banking.

3445 NE 40TH CT, Neotsu

10216 SW 61ST AVE, Portland
$1,424,900
236478419 MLS
Brand new two residence multifamily investment opportunity in Southwest Portland’s Ashcreek Crestwood neighborhood, offering nearly 4,000 square feet of combined living space across two thoughtfully designed residences. Built by a multi year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, the property combines new construction appeal with a diversified unit mix designed to attract a broad tenant pool. The larger residence offers four bedrooms, three and a half bathrooms and approximately 2,087 square feet, including a main level bedroom that can function as flexible living or work space, a private patio and a generous interior layout. The second residence offers three bedrooms, two and a half bathrooms and approximately 1,860 square feet, highlighted by an attached garage, an increasingly desirable amenity in Portland new construction, along with a private patio and additional upstairs family room or flex space. Both residences feature open main level living areas, dedicated laundry and contemporary floor plans designed for everyday function and long term tenant appeal. Located near Multnomah Village, Gabriel Park, Dickinson Park and Barbur World Foods, the property offers convenient access to recreation, shopping, dining and major Southwest Portland routes. The differing four bedroom and three bedroom layouts broaden the potential tenant pool, while private outdoor spaces, dedicated laundry, flexible living areas and an attached garage on one residence provide the everyday features renters value. A compelling opportunity to acquire a brand new two residence investment property with differentiated floor plans, desirable amenities and less immediate maintenance and upkeep to worry about than many older multifamily properties.

10216 SW 61ST AVE, Portland

89048 E LITTLE TRL, Government Camp
$1,400,000
365215514 MLS
Four units. One unbeatable downtown location. An opportunity impossible to duplicate! This rare fourplex puts you in the epicenter of Government Camp, with shops, restaurants, and mountain-town charm just outside your door.A complete, architecturally designed and approved exterior renovation in 2005–2006 transformed the building with a red metal roof, all new windows and doors, rough-sawn siding with battens, four architectural façade columns, and a stone front wall. Improvements also included new side enclosures with footings, stem walls, and stairs, plus concrete walkways on three sides.An exceptional opportunity to own multifamily property in the heart of one of Oregon’s most iconic mountain towns!

89048 E LITTLE TRL, Government Camp

287 W 5TH AVE, Junction City
$1,400,000
244936370 MLS
An exceptional opportunity to acquire a high-performing income property in the heart of downtown Junction City. This permitted triplex offers a unique investment model that maximizes rental income by leasing 12 individual bedrooms rather than the three units as traditional apartments. This is a rare, income-maximized, engine generating, nearly $8,700/month in gross rents. This concept not only helps maximize the property's income stream, but minimizes the vacancy loss as well if a tenant moves out, you still have 11 others still paying. This model is so effective and keeps occupancy so high because of housing affordability and the high demand of low-income renters in the Junction City area. Leasing individual bedrooms rather than whole units — producing gross revenues substantially above what traditional unit-by-unit rental would yield in this submarket. With Junction City positioned as an affordable alternative to Eugene's tightening rental market, demand for individual rooms is strong and growing. 100% Occupied — Day-One Cash Flow. Tenants pay all utilities. No lease-up risk. No vacancy stabilization period. A buyer steps into a fully tenanted, fully performing asset from closing day forward.

287 W 5TH AVE, Junction City

2356 NW WESTOVER RD, Portland
$1,399,500
138105922 MLS
Prime Nob Hill four-plex located just steps from the shops, restaurants, and amenities of the NW 23rd District, one of Portland’s most desirable and walkable neighborhoods.The property features four residential units plus additional income from a basement office space. Current rents are below market, offering potential upside for future income growth.Situated in Portland’s prestigious Nob Hill neighborhood, the property benefits from strong rental demand, excellent walkability, and proximity to dining, retail, parks, and transit.This is a rare opportunity to acquire a well-located four-unit multifamily property in one of Portland’s most stable and sought-after rental markets.All photos were taken when the property was previously operated as a short-term rental and may differ slightly from its current condition. One unit is still being used as a short-term rental.

2356 NW WESTOVER RD, Portland

10208 N MCALISTER RD, Island City
$1,375,000
255527630 MLS
Commercial investment opportunity featuring a 17-space manufactured home park, two detached single family homes, a classic barn, and 4.04 commercially zoned acres with room for future development. Situated along N. McAlister Road/Highway 82 (Wallowa Lake Highway), this highly visible property benefits from consistent traffic traveling between La Grande and the communities of Imbler, Summerville, Elgin, Wallowa County, and Wallowa Lake. With two access points, excellent frontage, and outstanding exposure, the property is well positioned for its current income-producing use and future development. The two homes add flexibility and additional revenue potential. The primary residence is a spacious three bedroom, two bath home featuring a comfortable floor plan, enclosed wraparound porch, detached garage, and an expansive unfinished basement with abundant space for storage, hobbies, recreation, or future finishing. The second home is a remodeled two bedroom, one bath residence with a partially finished basement and an adjacent classic barn. Together, the homes are well suited for owner occupancy, an on site manager, or additional rental income. Mature shade trees, generous open space, and well maintained improvements give the property an established feel that is uncommon for an investment of this kind. The combination of the manufactured home park, two residences, and additional commercial acreage creates multiple income streams while providing room for future expansion or redevelopment, subject to buyer due diligence. Whether you're looking to expand your investment portfolio, operate an established income producing property with on-site living, or capitalize on the potential of one of the area's most visible commercial corridors, this property presents a rare opportunity with immediate cash flow and long-term upside. Call today for more information! *Lot lines are approximate*

10208 N MCALISTER RD, Island City

2845 NE M L KING NE BLVD, Portland
$1,370,000
287798087 MLS
Well maintained and professionally managed 6 plex with commercial store front. The large commercial space can be split into two separate commercial units. This complex features all one-bedroom living spaces. Two upper units have vaulted ceilings with huge decks, large soaking tubs, separate shower and walk-in closets. All have in-unit laundry and air conditioning. Public Transportation is right at your doorstep and minutes from restaurants and downtown. Gated courtyard living with front and back patios makes living easy and long term. Built by a respected local contractor known for high quality craftmanship and style. Locking lighted convenient garbage and recycling room and on-site mailboxes. With street side parking for successful business and livability.

2845 NE M L KING NE BLVD, Portland

4811 NE 37TH CT, Vancouver
$1,360,000
403712133 MLS
Built in 2023, this fully rented triplex delivers $7,545 in monthly income the moment you close. Its Vancouver location does much of the leasing work for you — quick, convenient access to both SR-500 and I-5 keeps commute times short in every direction, a major draw for tenants and a steady driver of long-term rental demand. Step inside any of the three units and it's clear why they lease so well. A wide-open floor plan seamlessly connects the kitchen and living room, luxury vinyl plank flooring spans the main level, quartz countertops and stainless-steel appliances lend a polished, contemporary feel, and every home comes fully equipped with an in-unit washer and dryer, refrigerator, and blinds throughout. Every unit enjoys its own private backyard, a two-car garage, and dedicated driveway parking. The HOA covers routine roof and gutter cleaning. What makes this opportunity truly rare is that this triplex was originally platted as three individual tax parcels before being reconfigured into one. That means the upside isn't limited to today's rent roll — it extends to tomorrow's optionality. Once the property is owned free of a mortgage, an owner can file a lot reconfiguration request (GIS form) to restore the three separate parcels, provided property taxes are current. In other words, this isn't just a triplex — it's three individually platted homes, income-producing today, with a clear path to standalone value tomorrow. For investors who want immediate cash flow and a long-term strategic edge, this is a rare find in today's Vancouver market. Buyer to confirm all information with the applicable jurisdiction.

4811 NE 37TH CT, Vancouver

651 5TH ST, Lake Oswego
$1,350,000
798915183 MLS
Unique investment opportunity in the prestigious heart of Lake Oswego's First Addition! Surrounded by luxury single-family residences, this well maintained 3,003 sq ft duplex generates $5,500/month gross revenue alongside unmatched long-term appreciation in one of Oregon's most coveted zip codes.Unit 1 (3 Bed | 1.1 Bath 1777 sqft) rents $3,100/month. Highlights include a spacious floor plan, cozy wood-burning fireplace, updated countertops, full dishwasher, in-unit washer/dryer, an attached garage, and private fenced yard. Unit 2 (2 Bed | 1 Bath | 1,226 Sq Ft) rents $2,400/month. Features a bright, well-scaled layout, wood-burning fireplace, updated countertops, dishwasher, dedicated in-unit washer/dryer, covered carport parking, and a private fenced yard. An unbeatable lifestyle location: minutes to boutique shopping, artisan dining, fitness studios, neighborhood parks, grocery and Oswego Lake. Perfect for the savvy owner occupant looking to live in one unit while subsidizing their mortgage, or the portfolio investor securing a low-vacancy asset in an irreplaceable location. Both units fully leased with a history of low turnover and established income. R-6 zoning includes single-family homes, duplexes, triplexes, townhomes, and cottage clusters *subject to specific lot-coverage, Floor Area Ratio (FAR), and design guidelines *buyer to do due diligence. Interior photos and floorplan are just of unit 653. PLEASE DO NOT DISTURB TENANTS

651 5TH ST, Lake Oswego

8623 Steilacoom SE RD, Lacey
$1,350,000
785631306 MLS
Existing Duplex on 1.28 acres Approved plans to pick up at city of Lacey to start sewer and water extension sidewalk street trees for 1 lot to become Seven Lots. Existing Duplex will become 2 town homes separate lots plus 5 new single home lots. 7 lots total. Design for power with PSE . Option 2 just enjoy The large lot and remodel existing duplex adding additional bedrooms and a second story. Home was originally on septic and was limited to 2 bedrooms per unit. Duplex is on city sewer and Private well serving duplex. Lots of room for RV parking and flat areas to build covered RV or hobby storage. Can also build a single 1000 SF ADU if subdivided may build up to 2 ADU per lot plus primary home NEW ADU rules for Lacey adopted 6/28/26 Option 3 Possible daycare or group home need to check with city on daycare option. Option 4 do subdivision and City finalizes sub lot rules create additional lots. Each unit 2 bedroom One bath each unit. Converted to Natural gas for Furnace and added A/C unit. hook up for gas BBQ and Dryer. stub for hot water next to furnace. Garage conversion would add 3rd bedroom and Bath. Primary bedroom can convert walk in closet to bathroom. Unit A 1008 SF. B 1040 SF. lots of possibilities. Would also consider Partial sale to do development of new lots.

8623 Steilacoom SE RD, Lacey

9144 SE ALDER ST, Portland
$1,300,000
729100864 MLS
Rare fourplex investment opportunity in the heart of Montavilla! This unique property combines three brand-new, three-story residences with an existing single-level home. Each new construction unit offers approximately 1,401 square feet with three bedrooms, open-concept living, dining and kitchen areas, and a thoughtful multi-level floor plan. The existing 712-square-foot home provides an additional standalone residence, creating four total units and approximately 4,915 square feet of combined living space. An excellent opportunity for an investor, owner-occupant or multi-generational living arrangement in one of Portland’s most vibrant neighborhoods, conveniently located near Montavilla’s popular restaurants, shops, parks and transit. [Home Energy Score = 6. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10224251]

9144 SE ALDER ST, Portland

1926 NE SAMS LOOP, Bend
$1,300,000
491787358 MLS
Professionally managed and meticulously maintained fourplex in Bend's desirable Pilot Butte area. This income-producing property features four leased units, each offering approximately 1,144 sq. ft., two primary suites, 2.5 baths, and an attached single-car garage. Enjoy a long history of 100% occupancy and strong tenant demand in a location backing to Pilot Butte, giving residents a front-row experience to Bend's annual Fourth of July fireworks display. Conveniently located near parks, schools, shopping, and recreation. An excellent opportunity for investors seeking stable cash flow, or owner-occupants interested in offsetting living expenses with rental income. The dual-suite layouts, attached garages, and exceptional location make these residences attractive for long-term tenant retention and a variety of living arrangements.

1926 NE SAMS LOOP, Bend

3260 BAYVIEW TER, Seaside
$1,295,000
733421024 MLS
As a spacious duplex designed for multigenerational living, this property offers two separate living spaces under one roof. The main unit is a single level home with three bedrooms and two and a half bathrooms. It includes a living room with a wood burning fireplace, a full chef's kitchen, and a dining room. The attached second unit features one bedroom, one bathroom, a full kitchen, pantry, and washer/dryer hookups on the main level. Above the garage is more finished living space with a second bedroom, full bathroom, and bonus room, providing flexibility for extended family, guests, or a home office. Both units have private back decks and washer/dryer hookups. The property also includes an oversized attached two car garage and a large paved driveway with ample parking. The home is outside of the tsunami zone, sited on one of the highest lots in the neighborhood. Located in Seaside's Cove neighborhood, the property offers easy access to the beach and Pacific Ocean, Tillamook Head hiking trails, surfing, beachcombing, and clamming.

3260 BAYVIEW TER, Seaside

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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