6332 Ne 45TH Ave, Portland, OR 97218

• 2,352 sqft

Property Description

Live/invest opportunity in the heart of Cully! This well-maintained triplex offers three single-level 2-bedroom/1-bath units, with one unit currently vacant—ideal for an owner-occupant looking to offset housing costs with rental income. Each unit features washer/dryer hookups and its own private back patio, plus four off-street parking spaces. For investors, the property offers a solid 4.43% cap rate based on current operations, with additional upside as market rents support higher rental income over time. Strong NE Portland location close to beloved Fernhill Park, New Seasons Market and the Kennedy School, with easy access to the airport and surrounding neighborhoods. A versatile, well-cared-for property offering immediate income, future upside and an appealing live/invest opportunity.

Listing Status:

Active

Date Added:

August 28, 2026

Data Last Updated:

September 13, 2026 at 7:50AM

Listing Office:

Living Room Realty : 503-719-5588

Listing Agent:

Erika George : 503-349-5449

MLS ID:

228970624

Interior

• Basement: Crawl space
• A/C: None
• Heating: Baseboard

Exterior

• General: T 111 siding
• Parking: DrivewayPavedParking spaces: 4

Construction

• Roofing: Composition
• General: Concrete perimeter

Location

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

Lot

• Zoning: RM1TERESI TRN 1/2 OF LOT 4S 5' OF LOT 5R284214

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.