7822 NE EVERETT ST

Portland, OR 97213

7822–7828 NE Everett is a fully leased 4-plex in a quiet Montavilla residential pocket, offering stable income today and clear upside in one of Portland’s strongest infill rental corridors. Three 2-bedroom units and one 3-bedroom unit average about 954 sq. ft. each, giving tenants and future owner-occupants generous living space compared with typical vintage plexes. All units feature in-unit laundry plus dishwasher, stove, and refrigerator, reducing operating headaches and making the property easy to keep rented. The 1968 garden-style building sits on a level 10,700 sq. ft. R5 lot with 4 on-site parking spaces (2 attached garage, 2 paved surface) and average-condition Class C improvements in a low-rise neighborhood setting that feels residential rather than institutional.Current rents are 100% occupied with long-term tenants and recent/near-term rent increases scheduled, creating dependable cash flow and room for modest future rent growth as leases turn over. Recent operating statements from Jan–Jul 2026 show consistent collections and positive net operating income, making this a turnkey addition to an investment portfolio or an ideal live-one, rent-three scenario for a buyer wanting to offset their housing costs. The property is served by city utilities and sits in the Portland school system, with easy access to I-84, TriMet bus lines, and nearby retail like Fred Meyer, Eastport Plaza, and Providence Portland Medical Center. Located in the Southeast Portland submarket, where multifamily vacancy is low and rents have been steadily growing, this well-located plex is positioned to benefit from long-term demand for close-in housing.

Listing courtesy of Lee Davies of ELEETE Real Estate (503) 468-4018



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Last checked 2026-09-11 06:05 AM PDT.

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