PARKROSE Real Estate

PARKROSE Real Estate

Welcome to Parkrose, a vibrant and welcoming subdivision nestled in the heart of Portland, Oregon. Located in Multnomah County, Parkrose offers a unique blend of suburban charm and urban convenience, making it an ideal place to call home. With its tree-lined streets, friendly neighborhoods, and a strong sense of community, Parkrose is perfect for families, young professionals, and retirees alike.

One of the standout features of Parkrose is its accessibility. Situated just a short drive from downtown Portland, residents can easily enjoy the city’s rich cultural offerings, including eclectic dining, shopping, and entertainment options. Yet, Parkrose retains a peaceful ambiance, with parks and green spaces scattered throughout the area, inviting residents to engage in outdoor activities and enjoy the natural beauty of the Pacific Northwest.

The subdivision boasts a variety of housing options, from charming single-family homes to modern townhouses, catering to diverse lifestyles and budgets. The local schools are highly regarded, making Parkrose a popular choice for families seeking quality education for their children.

Community events and local markets foster a strong neighborhood spirit, encouraging residents to connect and create lasting friendships. Whether you’re strolling through the local farmers’ market or enjoying a weekend picnic at one of the nearby parks, Parkrose offers an inviting atmosphere that feels like home.

Discover the charm of Parkrose, where community meets convenience, and experience the best of Portland living right at your doorstep!

Newest Listings in PARKROSE

$875,000
24068858 MLS
**Investor Opportunity | Fully Occupied 4-Plex | Strong Cash Flow | Turnkey Asset**Expand your investment portfolio with this **fully leased, professionally maintained 4-plex** in the desirable Parkrose neighborhood of Northeast Portland. Built in **2005** and substantially updated in **2014**, this low-maintenance asset offers the combination every investor is looking for—**stable rental income, modern construction, and long-term appreciation potential.** Each of the four spacious units features **2 bedrooms, 2 full bathrooms, approximately 900 square feet**, open-concept living, washer/dryer hookups, dedicated storage, and private outdoor space. Lower units enjoy **fenced backyards**, while upper units offer **both front and rear balconies**, creating strong tenant appeal and supporting long-term occupancy. Currently generating **$73,920 in annual gross income** with an estimated **$52,920 net operating income**, this investment offers immediate cash flow with additional upside as rents continue to strengthen in the Portland market. Tenants pay their own utilities while owner expenses remain manageable, making this an ideal asset for both experienced investors and those seeking a quality addition to a growing portfolio. Situated on a level lot with off-street parking, fiber cement siding, forced-air gas heat, public utilities, and contemporary construction, this property is designed for durability and reduced maintenance. The convenient location provides quick access to I-205, Portland International Airport, public transportation, shopping, dining, parks, and major employers—features that continue to attract quality tenants year after year. Whether you're completing a 1031 Exchange, building passive income, or looking for a stable multifamily investment with proven occupancy, this property delivers the fundamentals that matter: strong cash flow, desirable unit mix, modern construction, and lasting investment potential.**Please do not disturb tenants**

4724 NE 101ST AVE, Portland

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The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.