Rare Overlook 1944 Triplex with 582 sq ft units offers cash flow, equity building & portfolio diversification! Well cared for and recently upgraded units are move in ready( 1 unit occupied). Solid 1944 construction. So many options- multi generational living, ideal owner occupant property, co-housing or reimagine the property to suit your vision. Having 3 units dramatically increases income potential! 35x46 side yard gives possible future development potential or lovely garden space. Unit 1 has new mini split system for A/C and heating, all new plank vinyl flooring, sweet new kitchen, all appliances included, stackable Washer & Dryer, cottage pane windows, newer vinyl windows large bedroom and updated bathroom! Unit 2 is currently occupied with similar floor plan, gas range, refrigerator & stackable Washer/Dryer. Unit 3 has oversized vinyl windows, plank vinyl flooring, cute kitchen, big bedroom, updated bathroom and W/D hook up. 2 units left vacant for ease of sale. Each unit has it's own electric panel and H2O heater. Sought after Overlook location is near MAX, vibrant Mississippi & Arbor Lodge neighborhoods, shopping, transit, I5 and parks! (3) 1 level, side by side units in turn key condition in an area of constant demand for under $500k! Generate income from 2 units and occupy 1 for around $1000 per month! Approx market rents are from $1495-$1295.00. 10 out of 10 Home Energy Score! 6240 oversized lot, fenced, large area for garden or potential future development! [Home Energy Score = 10. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10241225]
Pending
$499,000
4825 N Maryland Ave, Portland, OR 97217
3beds
1,746sqft
Est.:
Multi Family
Built in 1944
-- sqft lot
$508,100 Zestimate®
$286/sqft
$-- HOA
What's special
Future development potentialPotential future developmentLovely garden spaceRecently upgraded unitsNew kitchenOversized vinyl windowsCottage pane windows
- 13 days
- on Zillow |
- 626 |
- 52 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: August 19, 2025 at 08:37am
Listed by:
Ronda Joseph 503-515-2793,
Cascade Hasson Sotheby's International Realty
Source: RMLS (OR),MLS#: 162313511

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Mini Split, Wall Furnace, Zoned
Cooling
- Central Air, Air Conditioning
Appliances
- Included: Dishwasher, Range, Washer/Dryer, Refrigerator, Electric Water Heater, Gas Water Heater
- Laundry: Washer Dryer Hookup
Features
- Basement: Crawl Space
Interior area
- Total structure area: 1,746
- Total interior livable area: 1,746 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Stories: 1
Lot
- Size: 6,098.4 Square Feet
- Dimensions: 6240 Sq Ft
- Features: Level, SqFt 5000 to 6999
Details
- Parcel number: R210445
- Zoning: EXD
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1944
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: All Landscaping
- Subdivision: Overlook / Arbor Lodge
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $286/sqft
- Annual tax amount: $3,668
- Date on market: 8/14/2025
- Cumulative days on market: 13 days
- Listing terms: Cash,Conventional
- Total actual rent: 1320
- Road surface type: Paved
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