Great chance to purchase this 4-plex with development or expansion opportunity zoned RM2. HUGE lot in the inner city with a solid performing fully-occupied multifamily. The back 1/2 of the property is private, leaving room to expand or develop. Access to bus, shopping, freeways and inner city as well as updated units with decks or patios make these units very desirable and minimize vacancy. Don't miss your chance to invest and grow! Call today for more information! DND Tenants!
Multi-familyProperty Type
1967Year Built
$286Est. Price/Sq.Ft.
Listed by Matthew Williams• The Group Real Estate Services
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
8
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
10,140 Sq. Ft.
Year renovated
1967
Sq. Ft.
3,728
Year built
1967
Style
Multi-Family (2-4 Unit)
County
Multnomah County
APN
R230815
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
RM2
Residential Multi-Dwelling 2 zone
The RM2 zone is a medium-scale multi-dwelling zone that is generally applied in and around a variety of centers and corridors that are well-served by transit. Allowed housing is characterized by buildings of up to three or four stories with a higher percentage of building coverage than in the RM1 zone, while still providing opportunities for landscaping and outdoor spaces that integrate with residential neighborhood characteristics. The major types of new housing development will be a diverse range of multi-dwelling structures and other compact housing that contribute to the intended urban scale of centers and corridors, while providing transitions in scale and characteristics to lower-scale residential neighborhoods.
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Property details
Parking
Parking Information
Parking Features: Open
Interior
Appliances
Hot Water Description: Electricity
Interior Features
Storage: Deck
Basement: Crawl Space
Multi Unit Information
# Of Units Total: 4
Unit Information
Unit Type: 1, 2, 3, 4
Unit Type 1 Information
Actual Rent: $1,460
Area: 932
Baths Total: 1
Beds Total: 2
Features: Deck
Units Total: 1
Unit Type 2 Information
Actual Rent: $1,525
Area: 932
BathsTotal: 1
Beds Total: 2
Features: Deck
Units Total: 1
Unit Type 3 Information
Actual Rent: $1,395
Area: 932
Baths Total: 1
Beds Total: 2
Features: Deck
Units Total: 1
Unit Type 4 Information
Actual Rent: $1,290
Area: 932
Baths Total: 1
Beds Total: 2
Features: Deck
Units Total: 1
Exterior
Exterior Features
Roof: Composition
Exterior Description: Wood Composite, Wood Siding
Lot Information
Lot Size Range: 10,000 to 14,999 SqFt
Lot Size: 10,000 to 14,999 SqFt
Lot Features: Gentle Sloping
Parcel Number: R230815
Property Information
Property Type: Multi Family
Property Attached YN: No
Property Condition: Approximately
View YN: No
Building Information
Year Built: 1967
Building Area Total: 3,728
Financial
Tax Information
Tax Year: 2019
Tax Legal Description: ORCHARD HOMES, BLOCK 13, S 40' OF LOT 16, N 1/2 OF LOT 17
Tax Annual Amount: $9,274.06
Rent Information
Rent Includes: Sewer, Trash Collection, Water
Lease / Rent Information
CAP Rate: 5.57
Gross Rent Multiplier: 13.85
Utilities
Utility Information
Green Certification YN: No
Fuel Description: Electricity
Water Source: Public Water
Sewer: Public Sewer
Heating & Cooling
Heating YN: Yes
Heating: Baseboard
Cooling YN: No
Location
School Information
Elementary School: Glencoe
Middle Or Junior School: Mt Tabor
High School: Franklin
Location Information
Directions: Glisan to South on 63rd
Unparsed Address: 400 NE 63RD AVE, Portland, OR 97213
Community Information
Zoning: RM2
Public facts
Beds: 8
Baths: 4.0
Sq. Ft.: 3,728
Stories: 2.0
Lot Size: 10,140 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1967
Year Renovated: 1967
County: Multnomah County
APN: R230815
Home facts updated by county records on Jul 15, 2026
Other
Listing Information
MlsStatus: Sold
Listing Price Information
Price Type: List Price
Around this home
Schools
Vestal Elementary School
Public K-5 • Assigned • 0.9mi
8/10
Harrison Park School
Public 6-8 • Assigned • 1.7mi
9/10
Franklin High School
Public 9-12 • Assigned • 1.7mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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, 21 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97213
Average low and high temperatures (°F)
47
36
49
37
57
42
65
44
71
50
77
54
83
58
84
61
76
56
63
47
53
43
50
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.7 hours in
June and 2 hours in December, placing it below the
U.S. average for solar exposure.
9.7 hrs
2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.01M – $1.23M
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