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About this home
Prime Nob Hill four-plex located just steps from the shops, restaurants, and amenities of the NW 23rd District, one of Portland’s most desirable and walkable neighborhoods.The property features four residential units plus additional income from a basement office space. Current rents are below market, offering potential upside for future income growth.Situated in Portland’s prestigious Nob Hill neighborhood, the property benefits from strong rental demand, excellent walkability, and proximity to dining, retail, parks, and transit.This is a rare opportunity to acquire a well-located four-unit multifamily property in one of Portland’s most stable and sought-after rental markets.All photos were taken when the property was previously operated as a short-term rental and may differ slightly from its current condition. One unit is still being used as a short-term rental.
Alphabet District, located between Burnside Street and NW Thurman Street, is a historic and walkable Portland neighborhood with Victorian-era streetscapes and a dense café-and-boutique scene. The neighborhood’s character concentrates along NW 23rd Avenue near NW Lovejoy Street, where sidewalk patios, indie shops, and small galleries keep the blocks in motion. Community pillars include Cinema 21, the Mission Theater, and Powell’s Books on Burnside. Tree-lined blocks mix ornate old homes with brick apartment buildings and courtyard entries. Forest Park’s edge frames the west side with trailheads and a cooler, wooded feel. Streetcar stops and frequent bus lines stitch the district to downtown without changing its residential rhythm.
Provided by Walk Score and Local Logic
Offer insights
2356 NW Westover Rd · $1,399,500
$1.39M and above
75% chance or better to win
Why $1.39M+ is a strong offer
DAYS ON MARKET
205 days
The average home goes pending in 24 days.
SALE-TO-LIST
100.1%
Most homes are selling 0% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Attic storage
Basement storage
Full basement
Bedrooms
Four 1-bedroom units (unit counts listed under Unit details)
Bathrooms
Each unit has 1 bathroom
Kitchen
Refrigerator included in each unit
Several units include a dishwasher
Laundry & utility
On-site community laundry
Flooring
Hardwood floors in multiple units
Heating & cooling
Mini-split heating and cooling
Gas hot water
Exterior features
Stucco exterior
Corner lot
City views
Paved road frontage
Fire escape
Sidewalk
Home design
Multi-family property
Detached building
Built in 1898
Parking
On-street parking
Security
Fire escape provides emergency egress
Construction
Composition roof
Concrete perimeter foundation
Utilities
Public water
Public sewer
Electric service
Internet service (other)
Partial ceiling insulation
HOA & community
Community laundry
Financial info
Four total units
Individual unit rents reported: $1,400; $1,500; $1,550; $1,650
Gross rent multiplier: 17.41
Cap rate: 4.31
Rent includes maintenance of grounds, sewer, trash collection, and water
Other
Zoned RH
Electricity and solar
View estimated energy costs and solar savings for this home
This 4-plex is in an unbeatable location, 1 block west of NW 23rd Avenue on Everett (Walk score of 92)! Consisting of (4) one bedroom units on .06 acres.Individual storage units and onsite laundry (WEB operated)in the basement as well as a storage area in the attic. There is a 5th non-conforming unit, currently utilized as a maintenance / storage room by the owners.
Public Records
Aug 31, 1998
Sold
$300,000
$100/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$11,724 (+3.7%)
2024
$11,302 (+4.0%)
2023
$10,868 (+2.2%)
2022
$10,633 (+1.7%)
2021
$10,453 (+9.0%)
2020
$9,588 (+3.8%)
2019
$9,236 (+3.0%)
2018
$8,964 (+4.3%)
2017
$8,591 (+9.3%)
2016
$7,862 (+2.7%)
2015
$7,655 (+1.5%)
2014
$7,540 (+2.4%)
2013
$7,365 (+10.5%)
2012
$6,662 (+3.9%)
2011
$6,411 (+5.5%)
2010
$6,075 (+2.7%)
2009
$5,914
Public record
Public record
Zoning
Permits
Beds
5
Baths
5
Stories
2
Lot width
—
Lot depth
—
Lot size
2,670 Sq. Ft.
Year renovated
1898
Finished Sq. Ft.
3,012
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,012
Year built
1898
Style
Other
County
Multnomah County
APN
R216410
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
RM3
D
Residential Multi-Dwelling 3 Zone
The RM3 zone is a medium to high density multi-dwelling zone applied near the Central City, and in centers, station areas, and along civic corridors that are served by frequent transit and are close to commercial services. It is intended for compact, urban development with a high percentage of building coverage and a strong building orientation to the pedestrian environment of streets. This zone is intended for areas where the established residential character includes landscaped front setbacks. Allowed housing is characterized by mid-rise buildings up to six stories tall. The Design overlay zone is applied to this zone.
Zone overlays
Design Overlay Zone
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Park & open space
Jul 5, 2023 • Final
Home occupation
Establish an accessory short term rental with one bedroom.
ADU
Feb 14, 2020 • Final
Commercial building
Perform testing on a fire escape for certification.
Fire sprinkler
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 91° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
19 unhealthy days expected this year, 20 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97210
Average low and high temperatures (°F)
47
36
50
38
57
43
65
45
71
51
77
55
82
59
84
62
77
58
63
48
53
44
50
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 2356 NW Westover Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $725,000 and $1,450,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $725K to $1.4M.