Fourplex value-add opportunity. Priced to reflect condition and income. Make offer subject to interior inspection. Long term tenants are leased through 5/31/2024 except one month to month. Great location, laundry room on site, tons of upside. Multiple offers received, seller will make final decision on the evening of 5/16/2022.
Multi-familyProperty Type
1954Year Built
$239Est. Price/Sq.Ft.
Listed by Benjamin Ficker• Equity Pacific Real Estate LLC
*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
Permits
Beds
5
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
0.25 Acres
Year renovated
1954
Sq. Ft.
2,494
Year built
1954
Style
Multi-Family (2-4 Unit)
County
Multnomah County
APN
R232124
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
RM1
Residential Multi-Dwelling 1 Zone
The RM1 zone is a low-scale multi-dwelling zone that is generally applied in locations intended to provide a transition in scale to single-dwelling residential areas, such as the edges of mixed-use centers and civic corridors, and along or near neighborhood corridors. Allowed housing is characterized by one to three story buildings that relate to the patterns of residential neighborhoods, but at a somewhat larger scale and building coverage than allowed in the single-dwelling zones. The major types of new development will be duplexes, triplexes, rowhouses, courtyard housing, small apartment buildings, and other relatively small-scale multi-dwelling and small-lot housing types that are compatible with the characteristics of Portland's residential neighborhoods.
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Nov 7, 2023 • Final
Plumbing
Plumbing
Jan 14, 2022 • Final
Electrical
Electrical
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.
Property details
Parking
Parking Information
Parking Features: Paved
Interior
Appliances
Hot Water Description: Electricity
Multi Unit Information
# Of Units Total: 4
Unit Information
Unit Type: 1, 2, 3
Unit Type 1 Information
Actual Rent: $1,055
Area: 700
Baths Total: 1
Beds Total: 2
Features: Hardwood Floors
Units Total: 1
Unit Type 2 Information
Actual Rent: $925
Area: 600
BathsTotal: 1
Beds Total: 1
Features: Hardwood Floors
Units Total: 1
Unit Type 3 Information
Actual Rent: $980
Area: 600
Baths Total: 1
Beds Total: 1
Features: Hardwood Floors
Units Total: 2
Exterior
Exterior Features
Roof: Composition
Exterior Description: Stucco
Lot Information
Lot Size Range: 10,000 to 14,999 SqFt
Lot Size: 10,000 to 14,999 SqFt
Lot Features: Level
Parcel Number: R232124
Road Surface Type: Paved
Property Information
Property Type: Multi Family
Property Attached YN: No
Property Condition: Fixer
View YN: No
Building Information
Year Built: 1954
Building Area Total: 2,494
Foundation Details: Concrete Perimeter
Financial
Tax Information
Tax Year: 2021
Tax Legal Description: OVERTON PK, BLOCK F, S 84' OF W 1/2 OF LOT 11
Tax Annual Amount: $6,969.46
Rent Information
Rent Includes: Sewer, Trash Collection, Water
Lease / Rent Information
CAP Rate: 4.02
Gross Rent Multiplier: 15.33
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: Creston
Middle Or Junior School: Other
High School: Franklin
Location Information
Directions: Between SE Mall and SE Boise St on SE 52nd Ave
Unparsed Address: 4226 SE 52ND AVE, Portland, OR 97206
Community Information
Zoning: R2
Public facts
Beds: 5
Baths: 4.0
Sq. Ft.: 2,494
Stories: 1.0
Lot Size: 0.25 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1954
Year Renovated: 1954
County: Multnomah County
APN: R232124
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
Creston Elementary School
Public K-5 • Assigned • 0.4mi
9/10
Hosford Middle School
Public 6-8 • Assigned • 1.7mi
8/10
Franklin High School
Public 9-12 • Assigned • 0.7mi
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 92° 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 • 97206
Average low and high temperatures (°F)
48
36
50
37
58
43
65
44
71
49
78
54
84
58
85
61
78
56
63
47
53
43
50
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.8 hours in
June and 2 hours in December, placing it below the
U.S. average for solar exposure.
9.8 hrs
2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$568,000 – $687,000
Reach more buyers when you sell with Redfin. Save up to $5,969 in fees.3 minutes to get started.
Get a free, detailed breakdown of how we calculated your estimate.