6841 N Montana Ave, Portland, OR 97217

$1,595,000
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Property Description

Modern six unit apartment property built in 2023 in vibrant Arbor Lodge. Thoughtfully designed across 3,774 square feet, the building includes four one bedroom residences and two two bedroom residences, creating a versatile unit mix with broad tenant appeal. Bright, open interiors feature tall ceilings, expansive windows, neutral designer tones, and contemporary kitchens with tile accents, solid surface countertops, and stainless steel appliances. In unit laundry and efficient layouts add everyday convenience, while private fenced outdoor space with a patio extends the living area. The newer construction and well planned layouts offer investors a compelling opportunity to add a quality income producing asset to their portfolio in a sought after North Portland setting. An 81 Walk Score and exceptional 92 Bike Score place residents near New Seasons Market, Arbor Lodge Park, neighborhood restaurants and shops, MAX, and bus service. Convenient connections to downtown Portland, Kenton, the Alberta Arts District, and major commuter routes further support long term rental appeal.

6841 N Montana Ave | MLS# 298974579

This multi-family property located at 6841 N Montana Ave, Portland, OR 97217 is currently listed for sale with an asking price of $1,595,000. Search Portland real estate on drueripp.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Fuel Type: Electricity
Heating: WallHeater
Lot Size: 33.3'x110'
Roof Type: Flat
Stories: 2.0
Taxes: $15,897
Year Built: 2023
Square Feet: 3,774

Units

Unit Type 1:
Bathroom(s): 2
Bedrooms: 2
Features: Dishwasher, Microwave, Range
Rent: $1825.00
Square Footage: 911
Total Units: 1
Unit Type 2:
Bathroom(s): 2
Bedrooms: 2
Features: Dishwasher, Microwave, Range
Rent: $1700.00
Square Footage: 851
Total Units: 1
Unit Type 3:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Microwave, Range
Rent: $1425.00
Square Footage: 506
Total Units: 1
Unit Type 4:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Microwave, Range
Rent: $1275.00
Square Footage: 506
Total Units: 1
Unit Type 5:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Microwave, Range
Rent: $1250.00
Square Footage: 500
Total Units: 1
Unit Type 6:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Microwave, Range
Rent: $1200.00
Square Footage: 500
Total Units: 1

Feature Descriptions

Days on Site: 24
Exterior: Cement Siding, Lap Siding, Panel
Gross Income: $103860.00 (Actual)
Hot Water: Electricity, Tank
Lot: Level, Public Road
Lot Dimensions: 33.3'x110'
Net Income: $74585.00 (Actual)
Operating Expenses: $29275.00 (Actual)
Parking: OnStreet
Parking Notes: OnStreet
Sewer: Public Sewer
Special View Info: Trees/Woods
Storage: None
Units: 6
Water: Public Water

Local Schools

High School: Jefferson
Middle School: Ockley Green
Elementary School: Chief Joseph

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty Portland Premiere
Agency Contact: 503-709-4632

Shown By

Agent Name: Drue Ripp, Broker
Agent Phone: Cell: (541) 668-0339
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 9,855.15 per month $8,065.19 Principal & Interest $1,324.75 Property Tax $465.21 Homeowner's Insurance

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