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Listing provided courtesy of Kohler Meyers O'Halloran Inc.- MLS# 430280548MLS Provider

2575 NW LOVEJOY STPortland, OR 97210

Multi-Family · 7,182 Sq. ft. | 0.21 Acres
$1,649,950 Active

2575 NW LOVEJOY ST Overview

Time on Site:
130 days
Visits:
4

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.

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2575 NW LOVEJOY ST Facts & Features

  • Type Multi-Family
  • Sq. ft. 7,182
  • Price/Sq.ft. $230
  • Lot 0.21 Acres

Details

General

School Information

  • Elementary School: Chapman
  • Middle Or Junior School: West Sylvan
  • High School: Lincoln

Income/Expenses

  • Gross Income: 119380.0
  • Gross Scheduled Income: 122204.0
  • Net Operating Income: 74128.0
  • Operating Expense: 23000.0

Building Information

  • Year Built: 1960

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 148 - Portland NW/ SW/ S, Raleigh Hills
  • Subdivision Name: NORTHWEST DISTRICT

Community/Development

  • Community Features: Laundry

Rent/Lease Information

  • Rent Includes: Maintenance Grounds,Sewer,Trash Collection,Water

Tax Information

  • Tax Annual Amount: 22251.17
  • Tax Year: 2025

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Conventional
  • Parcel Number: R171500
  • Property Condition: Existing
  • Property Type: Multi Family
  • Zoning: RM3

Interior

Building Interior

  • Building Area Total: 7182.0

General Information

  • Basement: Exterior Entry,Storage Space
  • Foundation Details: Concrete Perimeter
  • Heating: Zoned
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Assigned,Paved
  • Parking Total: 8.0

Lot Information

  • Lot Features: Corner Lot,Public Road
  • Lot Size Acres: 0.21
  • Lot Size Dimensions: 9300sf
  • Lot Size Square Feet: 9147.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 8
  • Sewer: Public Sewer

2575 NW LOVEJOY ST Neighborhood

Community

97210 (PORTLAND) Demographics

34
Median Age
1,377
Population Density (per sq. mile)
80%
College Educated
$79,097
Estimated Median Income
2,319
Estimated Total Home Owners
4,006
Estimated Total Renters
37% / 63%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2575 NW LOVEJOY ST Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2575 NW LOVEJOY ST Market Data

Based on the last 30 days in this zip code

$970,581
Average List Price
$412
Average Price per Square Foot
10
Properties Sold
110
Average Days on Market
115
Properties for Sale
Calculations provided by Reliance Network

2575 NW LOVEJOY ST History

Date Event Value Agent
6/26/2026Source: Regional MLS Price Reduction
$1,649,950 -2.9%
4/30/2026Source: Regional MLS Price Reduction
$1,699,950 -5.6%
2/19/2026Source: Regional MLS Added to Database
February 19, 2026