4739 N Interstate — Sale in Portland, OR

  • Price: $4.5M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Portland, OR 97217
  • Year built: 1955

Photos

4739 N Interstate — Sale in Portland, OR, photo 1 of 3
4739 N Interstate — Sale in Portland, OR, photo 2 of 3
4739 N Interstate — Sale in Portland, OR, photo 3 of 3

Description

0.52 AC of prime commercial re-development land in one of Portland's most active development corridors. The Property is currently built as an operating motel. It is zoned CM-3 Commercial Mixed Use, with a FAR of 3:1 (5:1 with bonuses). It sits directly on the MAX Yellow Line and N Interstate Ave, one of the city's primary north-south arterials. Land Size: 0.52 Ac | Year Built: 1955 | Listing Type: FOR SALE

Market Context

This multifamily in Portland, OR is listed for sale at $4,495,000. The building dates to 1955. Compare it against other multifamily listings for sale in Portland, OR — view the full market.

As of Q2 2026, the Portland multifamily market showed a 7.1% vacancy rate, average asking rents near $1750.00/unit/mo, and rents up 15.0% year over year. Source: multiple brokerage reports, Q2 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

Is the Portland multifamily market tightening or softening?
Vacancy is around 7.1%, with asking rents rising year over year (Q2 2026).

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