144 Se 85TH Ave, Portland, OR 97216

Property Description

Strong investment opportunity with immediate income potential in Montavilla! This property, situated on a double lot with excellent development upside, was purchased as a gorgeous mid-century with a shop. The home is split into two units, in addition to the shop converted into a cottage. The main home has been configured into two separate living spaces, offering seven total bedrooms – four on the main level and three on the lower – each rented individually. The former shop has been transformed into a detached one-bedroom one-bathroom unit with tall ceilings, bringing the total to eight income-producing tenants. Each unit is equipped with its own kitchen, washer/dryer, and water heater. Positioned on a spacious corner lot, this property offers significant flexibility for future expansion or redevelopment with possibility of building a new home in front of the detached extended living space. Sellers have nearly completed the lot partition – only utility adjustments to be finalized. Located in the vibrant Montavilla neighborhood with a 98 Bike Score, enjoy easy access to freeways, tons of shopping, dining, transportation, plus convenient to all that Mt Tabor has to offer! Tenant occupied, please DO NOT walk property or disturb tenants.

Listing Status:

Active

Date Added:

March 19, 2026

Data Last Updated:

August 6, 2026 at 3:43AM

Listing Office:

Premiere Property Group, LLC : 503-670-9000

Listing Agent:

John McKay : 503-702-5529

MLS ID:

502946846

Interior

• Basement: Finished
• A/C: Central airMini split
• Heating: Forced airMini split

Exterior

• General: BrickWood siding
• Parking: Driveway

Construction

• Roofing: CompositionMetal
• General: Concrete perimeter

Location

• Road/Access: Paved
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Multnomah

Lot

• Zoning: R5TERRACE PKBLOCK 7LOT 1&2R284669

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.