2575 NW LOVEJOY ST, Portland, OR 97210
NORTHWEST DISTRICT · Multnomah County
Key Facts
Description
Discover an outstanding 100% occupied investment opportunity in the heart of Portland's vibrant NW district, Nob Hill, two blocks to NW 23rd Avenue. This meticulously maintained 8-unit multifamily property with new roof 2023-2024 offers a blend of urban convenience and serene outdoor access, perfect for those seeking both city life and nature. Each unit designed with comfort in mind, featuring cozy fireplaces, private decks, with individual storage units catering to all your organizational needs.Eight on-site numbered parking spaces residents will appreciate, a rare find in this sought-after neighborhood. With convenient laundry facilities available on site, everyday living is made easy. Nestled moments away from the lush trails of Forest Park and with quick access to 23rd Ave. & downtown Portland’s bustling dining and entertainment scene, the location could not be better.Whether you are a seasoned investor or looking to expand your portfolio, this prime property promises consistent rental income potential in one of Portland’s trendiest locales. Please do not disturb Tenants, call for information.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1960
Stories
2
Living Area
7,182 sq ft
Lot Size
0.21 acres
Lot Dimensions
9300sf
Parking Spaces
8
Zoning
RM3
Days on Market
20
MLS® Listing#
430280548
Property Features
Cooling
Heating
Basement
Parking
Laundry
Lot Features
Construction
Foundation
Roof
Sewer
Water Source
Schools
- Elementary:
- Chapman
- Middle:
- West Sylvan
- High:
- Lincoln
Financial Details
HOA
None
Annual Taxes
$22,251
Tax year 2025
Parcel Number
R171500
Directions
NW 23rd to Lovejoy, on corner of Lovejoy & Cornell
Affordability Calculator
$360,000
Estimated monthly payment
$9,580/mo
Principal $1,440,000 · Est. interest $2,008,928 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Portland, OR
- $507,009
- Median Listing Price
- 172
- Median Days on Market
- 1,572
- Median Sq Ft
- $327
- Median Price / Sq Ft
- 2,279
- Active Listings
- This home’s price is 255% above the area median.
- Its price per sq ft is 23% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Portland, OR.
Location
Points of Interest in Portland, OR
Showing the Portland area map.
Nearby Schools
Chapman Elementary School
Elementary · 0.2 mi away
Class Academy
School · 0.5 mi away
ChildRoots
School · 0.8 mi away
Heather Jackson
School · 0.8 mi away
Cathedral School
Secondary · 0.9 mi away
Childpeace Montessori School
Elementary · 0.9 mi away
Lincoln High School
Secondary · 1.0 mi away
Scuola Italiana di Portland
School · 1.0 mi away
PPS Chapman Elementary School
Elementary · 1.0 mi away
Northwest International Student Exchange
School · 1.2 mi away
The Northwest Academy
School · 1.3 mi away
Wind & Oar Boat School
School · 1.4 mi away
Ainsworth School
Elementary · 1.4 mi away
Pensole
School · 1.5 mi away
Opal School of the Portland Children's Museum
Elementary · 1.6 mi away
Portland Public Schools
Secondary · 1.6 mi away
Charter School Capital
School · 1.7 mi away
Harriet Tubman Middle School
Secondary · 1.8 mi away
The Emerson School
School · 1.9 mi away
Boise-Eliot Elementary School
Elementary · 2.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 8503 SE INSLEY ST, Portland, OR | $1,549,000 | 16 | 9 | 7,684 |
| 8309 8315 N DWIGHT AVE, Portland, OR | $1,849,000 | 16 | 8 | 6,370 |
| 1318 NE 46th AVE, Portland, OR | $2,150,000 | 12 | 12 | 6,121 |
| 7070 N MONTANA AVE, Portland, OR | $2,170,000 | 12 | 6 | 6,792 |
| 4785 N ALBINA AVE, Portland, OR | $2,300,000 | 12 | 12 | — |
Moving Cost Estimate
EXIT Agents in Portland
Listing Courtesy: Kohler Meyers O'Halloran Inc. - 5036618000
Presented by: Colleen Hildebrand
Last Updated: 2026-02-19