By David Columbus, October 2, 2025
2448 SE 117TH AVE , Portland 97216
$1,475,000 (Active)
- Bed
- Bath
- 5899 sqft.
Portland, 97216
View Listing- Built in 2004
- 5899 sqft
- $250.04/sqft
- County: Multnomah
2448 SE 117th Ave.
Portland, OR 97216
A true opportunity to own a well-maintained, income-generating property in the desirable Mill Park neighborhood. Situated on a single tax lot, this offering includes a six-unit apartment building and a separate single-family home (built 1928) providing both stability and versatility in one investment. The standalone home features three spacious bedrooms, two full bathrooms, and a partial basement. Each unit in the adjacent apartment building is a generously sized one-bedroom, thoughtfully designed with private decks, in-unit washer/dryers, and dedicated storage space, ensuring strong tenant appeal and retention. Located within close proximity to public transportation, schools, parks, restaurants, bakeries, and a Grocery Outlet, this property combines urban convenience with residential comfort. With low maintenance requirements, historically low turnover, and immediate cash flow, this is a truly turn-key investment in a high-demand rental market. Open to seller financing discussion with agreeable down and terms.
OFFERED AT $1,475,000
7 Units Total
6-unit apartment building – Each 1 bed/1 bath and approx 761 sq.ft.
1 single-family home – 3 bed/2 bath and 1,829 sq.ft.
MLS# 535479438 | Taxes: $12,750.89 | Cap Rate: 5.65
David Columbus
Principal Broker | Earth Advantage | ADU Specialist | OR
He/Him
Ok, here’s my snapshot.
I moved to Portland in October of 1998, moved for love. I’ve been a licensed real estate broker in Oregon since 2000 and would describe myself as a general practitioner helping people navigate residential, investment, and owner-user commercial markets as well as doing some residential tenant representation.
My work experience has ranged from swinging a hammer to brokering Eurodollar Futures. Me and my husband and two cats live in the Overlook/Arbor Lodge neighborhood, together we have built a 20-door rental portfolio and even run a small Airbnb business.
I am originally from Traverse City, MI (NW lower MI), and graduated from Western Michigan University in Kalamazoo, MI. My quarter-life crisis was spent crewing/hitchhiking on sailing yachts around the Caribbean, British Isles, and Mediterranean Sea for three years. My mid-life crisis was spent with my partner sailing from Portland, OR down to Mexico and hanging out for a year. I'm good with crises. I work with buyers, sellers, and tenants who are all looking to thread the housing needle.
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- T: 503-504-2421
- davidc@livingroomre.com
