Listing provided courtesy of Barry Investment Real Estate- MLS# 263315632
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Request Info4024 NE 6TH AVEPortland, OR 97212
Multi-Family · 12,247 Sq. ft. | 0.23 Acres$1,639,000
Active
4024 NE 6TH AVE Overview
- Time on Site:
- 47 days
- Visits:
- 0
The NE 6th Ave Apartments is an 11-unit multifamily asset located in Portland's desirable close-in Northeast submarket. Originally constructed in 1910, the property features classic early-20th century architecture with strong in-place income and attractive going-in fundamentals. The unit mix includes a combination of studios, one-bedroom, and larger two- and three-bedroom units, offering broad tenant appeal. As of April 2026, the property generates $15,405/month in rental income, with additional upside potential through operational efficiencies and organic rent growth. The asset includes a large unfinished basement and attic, providing potential for future revenue-generating improvements such as storage or bike parking, or other creative ideas (buyer to verify feasibility).Situated on a 0.23-acre lot, the property benefits from a unique, community-oriented setting with open space and garden areas - an uncommon feature for close-in Northeast Portland assets. The NE 6th Ave Apartments present investors with a stable, in-place income-producing opportunity at an attractive basis in one of Portland's most desirable rental locations.
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4024 NE 6TH AVE Facts & Features
- Type Multi-Family
- Sq. ft. 12,247
- Price/Sq.ft. $134
- Lot 0.23 Acres
Details
General
School Information
- Elementary School: Sabin
- Middle Or Junior School: Harriet Tubman
- High School: Jefferson
Income/Expenses
- Gross Income: 177844.0
- Gross Scheduled Income: 181492.0
- Net Operating Income: 109990.0
- Operating Expense: 67854.0
Building Information
- Year Built: 1910
Location/Region
- Country: US
- County Or Parish: Multnomah
- MLS Area Major: 142 - Portland Northeast
Community/Development
- Community Features: Laundry
Rent/Lease Information
- Rent Includes: Sewer,Trash Collection,Water
Tax Information
- Tax Annual Amount: 6441.97
- Tax Year: 2025
General Information
- Disclosures: Exempt
- Listing Terms: Call Listing Agent,Cash,Conventional
- Parcel Number: R207445
- Property Condition: Existing
- Property Type: Multi Family
- Zoning: R2.5
Interior
Building Interior
- Building Area Total: 12247.0
General Information
- Basement: Unfinished
- Cooling: None
- Foundation Details: Block
- Heating: Forced Air
- Stories: 2
Exterior
Parking Information
- Parking Features: On Street
Lot Information
- Lot Features: Level
- Lot Size Acres: 0.23
- Lot Size Square Feet: 10018.0
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Roof: Composition
General Information
- Number Of Units Total: 11
- Sewer: Public Sewer
4024 NE 6TH AVE Neighborhood
Community
97212 (Portland) Demographics
41
Median Age
10,541
Population Density (per sq. mile)
74%
College Educated
$108,305
Estimated Median Income
7,672
Estimated Total Home Owners
3,875
Estimated Total Renters
66% / 34%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
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.4024 NE 6TH AVE Monthly Cost
4024 NE 6TH AVE Market Data
Based on the last 30 days in this zip code
$901,106
Average List Price
$343
Average Price per Square Foot
35
Properties Sold
74
Average Days on Market
81
Properties for Sale
4024 NE 6TH AVE History
| Date | Value | Agent |
|---|---|---|
| 5/14/2026Source: Regional MLS | May 14, 2026 |