3 days on RocketTour
$10,000 Closing Credit¹
#304722776, Darryl Bodle, Kelly Christian, Listing Office: Keller Williams Realty Portland Premiere
$1,559,900 List price
4509 N Montana Ave Portland, OR 97217
$10,000
Closing credit¹
4,500 sqft
0.4 acres
$347 / sqft
House
Property details
About 4509 N Montana Ave
Investor Alert! Exceptional opportunity to own two well-maintained 4-plexes across multiple lots, including a vacant lot primed for development under Portland’s favorable RIP zoning code—all located in the highly sought-after Overlook neighborhood of North Portland. Each of the eight existing units is a spacious, single-level 1 bed / 1 bath featuring thoughtful updates, quality finishes, and strong rental appeal with clear upside potential. Tenants enjoy private entrances, efficient gas appliances and utilities, comfortable floor plans, and access to beautifully landscaped shared outdoor space—perfect for relaxing or entertaining.The oversized footprint and separate vacant lot present incredible potential to add more units or expand amenities to significantly increase long-term cash flow. Recent system and cosmetic upgrades minimize future capital expenses and ensure smooth operations. A large basement offers ample storage or possible value-add options. Ideally located near parks, public transit, and the vibrant Interstate Ave and Mississippi Ave, this is a rare chance to secure stable income and future growth in one of Portland’s most desirable rental markets!
Highlights
Home typeOther
HeatingForced Air
StatusActive
Size4,500 sqft
BasementYes
Lot size0.4 Acres
Year built1943
MLS #414185190
ViewTrees/Woods
Summary
- Basement: Yes
- Attached Garage: No
- View: Trees/Woods
- Heating: Forced Air
- List Price: $1,559,900
- Price/SqFt: $346
- Lot: Level
- Directions: N Prescott and Montana
- Year Built: 1943
- Living Area: 4,500 SqFt
- Lot Size: 0.4 Acres
- MLS Number: 414185190
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Keller Williams Realty Portland Premiere
- Office Phone: (503) 597-2444
- Listing Agent: Darryl Bodle, Kelly Christian
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/16/2025, 7:20:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,559,900
4509 N Montana Ave
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
9
Beach Elementary School
Public District KG-5
0.3 mi
•1710 N Humboldt St
6
Boise-Eliot / Humboldt Elementary School
Public District PK-5
0.6 mi
•620 N Fremont St
5
Kairos Pdx
Public Charter KG-5
0.8 mi
•3635 N Williams Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $60,077. Residents of Portland, OR typically earn between $35k-100k each year. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
23%
<35k
59%
35k-100k
15%
100k-200k
3%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
72%
Single, No Kids
9%
Single, with Kids
13%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
8%
<11 yrs old
3%
12-17 yrs old
49%
18-34 yrs old
36%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Tennis
Music Concerts
Hiking/backpacking
Where do the neighbors shop?
Crate & Barrel
H&M
Bloomingdales
Where do the neighbors go to eat?
Starbucks
Chipotle
The Cheesecake Factory
What do the neighbors drive?
BMW
Volkswagen
Audi
What do the neighbors listen to?
News
Rhythmic Contemporary Hits- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 4509 N Montana Ave
The listing price of 4509 N Montana Ave property is $1,559,900.
The property 4509 N Montana Ave is a house located in Portland, Oregon, 97217.
Active Listing: 4509 N Montana Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 4509 N Montana Ave are: Beach Elementary School (GreatSchools Rating 9/10), Boise-Eliot / Humboldt Elementary School (GreatSchools Rating 6/10), Kairos Pdx (GreatSchools Rating 5/10), The Ivy School (GreatSchools Rating 9/10), Ockley Green Middle School (GreatSchools Rating 6/10), Harriet Tubman Middle School (GreatSchools Rating 5/10), Jefferson High School (GreatSchools Rating 8/10), Metropolitan Learning Center (GreatSchools Rating 7/10), Benson Polytechnic High School (GreatSchools Rating 9/10).
The property at 4509 N Montana Ave has 0 bathroom.
The property 4509 N Montana Ave is 4,500 SqFt (source: MLS/tax record).
The year of construction for 4509 N Montana Ave is 1943.
This home is located at 4509 N Montana Ave in Portland, OR and zip code 97217 in the Boise neighborhood. This 4,500 square foot home, which was built in 1943, sits on a 0.40 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since May 12, 2025 and is currently priced at $1,559,900.
In April 2025, from all listings sold in Portland, OR there were more than 338 sold above asking price, over 313 sold below and more than 186 were sold right at the asked price. In April 2025 in Portland, OR there were 18.3% more homes for sale than in March. In April 2025, listings were on the market for 48 days. During the same period, the median list price in this real estate market was $549,429.
From Rocket Homes Real Estate and based on county public records data.