4840 NE 99th Ave

Portland, OR 97220

$559,950
Price
—
Beds
—
Baths
1,974 Sq. Ft.
$284 / Sq. Ft.
1,974
Sq. Ft.
$284
per Sq. Ft.
an aerial view of a house with a yard and garden
a picture of a bench in a picture
a kitchen with sink refrigerator and cabinets
a kitchen with stainless steel appliances granite countertop wooden cabinets a stove a sink and a microwave
a bed sitting in a bedroom next to a window
a kitchen with stainless steel appliances granite countertop a sink stove and cabinets
a bedroom with a bed and a flat screen tv
a bathroom with a toilet a sink and vanity
a room with storage and utility
a kitchen with a refrigerator a stove a sink and a chairs
a bathroom with a sink toilet and shower
a view of a workspace with furniture
a bedroom with furniture and a wooden floor
a bedroom with a bed and a window
a bathroom with a sink mirror and toilet

Description

10% down investor loan 9.74% cap rate A CAP Rate higher than the loan interest rate is a no brainer! Claim this positive cash flow now! Very convenient location for easy commute. This property has 2 duplex buildings on one tax lot. There are two 2 bed 1 bath units and two 1 bed 1 bath units plus a laundry room. This property provides a great opportunity for an owner occupant - loans available with as little as zero down for veterans or 3.5% and 5% down options for most other owner occupants and possible...10% down investor loan 9.74% cap rate A CAP Rate higher than the loan interest rate is a no brainer! Claim this positive cash flow now! Very convenient location for easy commute. This property has 2 duplex buildings on one tax lot. There are two 2 bed 1 bath units and two 1 bed 1 bath units plus a laundry room. This property provides a great opportunity for an owner occupant - loans available with as little as zero down for veterans or 3.5% and 5% down options for most other owner occupants and possible help for the 5%. Investor loan available with as little as 10% down. This is the deal you've been looking for! [Home Energy Score = 6. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10235317]
  1. Listed by Jason Kennedy • RE/MAX Equity Group

Property Details for 4840 Northeast 99th Avenue

Parking Features
Driveway, Off Street
Zoning
CM2
Parking Total
4.00
LISTING UPDATED: 12/03/2025 01:15 PM

Property Details for 4840 Northeast 99th Avenue

StatusActive
MLS #796374130
Days on Market315
Taxes$2,262 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1933
Lot Size0.11 AC / 4,791 SF
CountyMultnomah County

Location

Listing Courtesy of RE/MAX Equity Group
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Building Information for 4840 Northeast 99th Avenue

Stories1Residences4Year Built1933Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$2,955 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,767

Property Taxes

$189

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4840 Northeast 99th Avenue

Summary
Location and General Information
  • Country: US
  • Directions: Wygant to north on 99th.
  • Road Surface: Paved
School Information
  • Elementary School: Prescott
  • High School: Parkrose
  • Middle Or Junior School: Parkrose
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $2,262.03
  • Parcel Number: R235741
  • Tax Legal Description: PARKROSE & RPLT, BLOCK 83, LOT 7
Property
Lot Information
  • Acres: 0.11
  • Lot Description: Cul_de_sac, Level
  • Lot Size Square Feet: 4791.0
  • Lot Size Dimension: 50 x 100
  • Lot Size Range: Sq Ft5000to6999
  • Lot Size: 5,000 to 6,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1933
Utilities
  • Fuel Description: Electricity
  • Heating Description: Baseboard
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: T111Siding, Wood Siding
  • Roof Type: Composition
Interior Features
  • Foundation Details: Pillar Post Pier
  • Stories: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $66,734.00
  • Gross Rent Multiplier: $8.39
  • Investor Information: Annual Property Operation Data
  • Net Income Actual: $54,511.00
  • Operating Expense: $12,223.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • SqFt Approximate Building Total: 1974
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Rent: $1,375
  • Unit Type 1 SqFt: 637.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Rent: $1,500
  • Unit Type 2 SqFt: 577.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 1
  • Unit Type 3 Rent: $1,200
  • Unit Type 3 SqFt: 317.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 1
  • Unit Type 4 Rent: $1,450
  • Unit Type 4 SqFt: 332
  • Unit Type 4 UnitsTotal: 1

Public Records for 4840 Northeast 99th Avenue

Taxable ValueLand-Additions-Total-
Tax Record2019$1,762 ($147 / month)
Home Facts
Beds6Baths4Total Finished SqFt1,825 SqFtAbove Grade Finished SqFt1,825 SqFtStories1Lot Size5,000 SqFtStyleSingle Family ResidenceYear Built1933Year Renovated1933ZoningCGHCountyMULTNOMAHAPNR235741

Schools near 4840 Northeast 99th Avenue

This home is within Parkrose School District 3.
Rating
School
Type
Grades
Distance
Prescott Elementary School
Public - PK to 5
Parkrose Middle School
Public - 6 to 8
Parkrose High School
Public - 9 to 12
Faithful Savior Community School
Private - PK to 7
Rating
School
Distance
Prescott Elementary School
PublicPK to 5

Parkrose Middle School
Public6 to 8

Parkrose High School
Public9 to 12

Faithful Savior Community School
PrivatePK to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 4840 Northeast 99th Avenue, Portland, OR 97220

4840 Northeast 99th Avenue is a multi-family home for sale in Portland, OR 97220. This property was listed for sale on February 6, 2025 by RE/MAX Equity Group, it's currently listed at $559,950. This listing's school district is Parkrose School District 3. Nearby schools include Prescott Elementary School, Parkrose Middle School and Parkrose High School. 4840 Northeast 99th Avenue is a 0-bed, 0-bath, 1,974 sqft multi-family home built in 1933.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Equity Group

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2025 RMLS, Portland, Oregon. Last updated: 12/03/2025 01:15 PM