Calico Ridge Real Estate Search

Calico Ridge Multi-Family Properties for Sale

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Newest Calico Ridge Multi-Family Homes for Sale

$1,149,000
286696634 MLS
Are you looking to add to your property portfolio, this is it! A truly fabulous fourplex that has been well maintained throughout. It’s located in a quiet neighborhood surrounded by sidewalks and well cared for homes. This property sits on an ideal corner lot. All units are townhome style with an open concept floorplan. They come with full kitchen appliances, washers and dryers. Many updates have already been made throughout and vary per unit. Some highlights include newer appliances, luxury vinyl plank flooring, carpet, interior paint, blinds, baseboards, hardware and plumbing fixtures. Units 1 & 4 are comfortable at approximately 1,100sf with 2 bedrooms and 2.5 baths, while units 2 & 3 are a little more spacious at approximately 1,200sf with 3 bedrooms and 2.5 baths. Location is superb, close to schools, parks and trails. Shopping and dining are less than 1.5 miles away, making it convenient while keeping home life peaceful for tenants. The numbers don’t lie. With a healthy and balanced projected cap rate of 6.18% this property would be a welcomed addition to any portfolio. The HOA has continued to be well managed by the same management company for the past 15 years. What this means for you is consistency and less worry. Units 1-3 are currently leased. Please do not disturb the tenants. Unit 4 can be shown by appointment only. Photos of units 1-3 were taken prior to tenant move in.

2531 NW CEDAR AVE, Redmond

Listing courtesy of Keller Williams PDX Central.

$1,395,000
201694355 MLS
Rare opportunity to acquire a high-performing 4-unit coastal income property in a prime North Oregon Coast location near Fort Stevens and the Pacific Ocean. Owner financing available for a well qualified buyer with minimum 25% down. Newer construction offers the ideal combination of stable rental income, low maintenance and long-term appreciation potential. These townhouse-style units are larger than typical rentals, featuring private garages, patios, and higher-end finishes, all amenities that consistently attract quality, long-term tenants. As a result, vacancy is extremely low, with strong demand whenever a unit comes available. Built with durability and safety in mind, each unit includes a fire sprinkler system along with double six-inch separation walls extending to the roof, providing enhanced fire protection and peace of mind. A key advantage of this property is its future flexibility and multiple exit strategies. The units are constructed as townhomes, offering the potential to create four separate tax lots for individual resale. The location is exceptionally convenient—just minutes from Costco, Walmart, Home Depot, restaurants and 10–12 minutes to the beach. Warrenton is ideally positioned between Astoria’s vibrant arts, dining and brewery scene and the coastal communities of Gearhart and Seaside, known for golf, surfing and outdoor recreation. The area continues to attract residents, retirees and remote workers, supporting consistent rental demand and long-term growth. This is a rare opportunity to own a well-built, low-maintenance 4-plex in a highly desirable coastal market with strong tenant appeal and future upside potential!

1524 SE HONEYSUCKLE LOOP, Warrenton

Listing courtesy of Realty One Group Prestige.

$1,600,000
370713955 MLS
Exceptional close-in urban multi-family opportunity featuring four units across three architecturally distinct buildings. This rare offering includes two standalone homes and a thoughtfully designed duplex—ideal for investors or owner-occupants seeking flexibility and strong income potential. The original 1894 cottage blends historic charm with modern updates, offering wood floors, a renovated kitchen, forced-air gas heating, two bedrooms, and one bathroom. Enjoy the convenience of washer/dryer, and a large gated deck, and separate storage space. Privately situated at the rear of the property, the iconic Tower House delivers a unique living experience across four open levels. With flexible living and sleeping configurations, this standout home features concrete floors on the main level, three gas fireplaces, vaulted ceilings, two full bathrooms, central A/C, and a private fenced outdoor space. Fronting Stanton St., the duplex provides clean, modern design. The main-level unit includes two bedrooms, one bathroom, hardwood floors, a gas fireplace, vaulted ceilings in the primary bedroom, full-size washer/dryer, and direct access to private outdoor area from both bedrooms. The upper unit spans the second and third floors, with a spacious open-concept kitchen and dining area with hardwood floors and skylights, plus a refined living room with gas fireplace and patio. The top floor features a primary bedroom with walk-in closet and covered (sleeping) porch for year-round use, a second bedroom, laundry, and a large bathroom with double pedestal sinks, full tub, and separate WC. This one-of-a-kind property combines architectural character, versatility, and exceptional income potential in a prime close-in location. Four off-street parking spaces. Owner pays for property management, pest control, maintenance, and garbage service. Please do not disturb tenants. No weekend showings. Current POF or pre-app letter required before scheduling a showing.

36 NE STANTON ST, Portland

Listing courtesy of Windermere Realty Trust.

$1,395,000
416531359 MLS
Rare opportunity to acquire a high-performing 4-unit coastal income property in a prime North Oregon Coast location near Fort Stevens and the Pacific Ocean. Owner financing available for a well qualified buyer with minimum 25% down. Newer construction offers the ideal combination of stable rental income, low maintenance and long-term appreciation potential. These townhouse-style units are larger than typical rentals, featuring private garages, patios, and higher-end finishes, all amenities that consistently attract quality, long-term tenants. As a result, vacancy is extremely low, with strong demand whenever a unit comes available. Built with durability and safety in mind, each unit includes a fire sprinkler system along with double six-inch separation walls extending to the roof, providing enhanced fire protection and peace of mind. A key advantage of this property is its future flexibility and multiple exit strategies. The units are constructed as townhomes, offering the potential to create four separate tax lots for individual resale. The location is exceptionally convenient—just minutes from Costco, Walmart, Home Depot, restaurants and 10–12 minutes to the beach. Warrenton is ideally positioned between Astoria’s vibrant arts, dining and brewery scene and the coastal communities of Gearhart and Seaside, known for golf, surfing and outdoor recreation. The area continues to attract residents, retirees and remote workers, supporting consistent rental demand and long-term growth. This is a rare opportunity to own a well-built, low-maintenance 4-plex in a highly desirable coastal market with strong tenant appeal and future upside potential!

1524 SE HONEYSUCKLE LOOP, Warrenton

Listing courtesy of Realty One Group Prestige.

$1,095,000
607818350 MLS
Exceptional Turnkey Investment in Portland’s Desirable Cathedral Park Neighborhood - Discover an outstanding opportunity with this well-maintained fourplex, built in 2014 and ideally situated in one of Portland’s most sought-after rental markets. Located in the Cathedral Park neighborhood—just minutes from the iconic St. Johns Bridge and the scenic waterfront—this property combines strong rental demand with long-term growth potential. All four units are currently occupied, providing immediate cash flow. Each spacious, thoughtfully designed apartment features 2 bedrooms and 1 bathroom, its own private entrance, and abundant natural light. Interiors include laminate hardwood-style flooring, maple cabinetry, stainless steel appliances, in-unit washer and dryer, living room ceiling fan, and efficient PTAC heating and cooling systems. The property also offers practical amenities that enhance tenant satisfaction, including a covered, lockable trash and recycling storage area, a secure private entryway for the two upper-level units, an installed alarm monitoring system and an outdoor bike rack for tenant use. Situated just minutes from Downtown Portland and close to shopping, parks, amenities, and public transportation, this fourplex represents an ideal turnkey investment for both seasoned and first-time multifamily investors. Property is professionally managed by a quality local property management company. One unit can be shown by appointment other units would be shown after an accepted offer.

8320 N PRINCETON ST, Portland

Listing courtesy of 24/7 Properties.

$575,000
434148463 MLS
All the vintage bungalow charm you love, with a modern bonus that's hard to beat. A detached 2015-built ADU gives you the best of both worlds: classic Portland style and an income-producing space that can help pay your mortgage. Whether you operate the ADU as a short-term rental (Airbnb), lease it long term, or use it for guests and family, it's the kind of setup that lets your home work for you and allows for incredible flexibility for the future. The main home offers 3 bedrooms and 1 bath, while the detached 355 sq ft ADU features 1 lofted bedroom, 1 bath, and a kitchenette.Inside, the main home is bright and welcoming, with oversized windows filling the living room with natural light. A cozy nook with built-ins is ready for work-from-home days, your favorite chair, or both. The dining room is made for Sunday pancakes, dinner parties, and everyday meals, with sliders that open to the backyard.The kitchen strikes the perfect balance of charm and function with generous storage, a gas range, and a mudroom that can be a pantry, drop zone, or breakfast nook - whatever fits your life. Upstairs, the bedrooms are full of vintage character, while the oversized landing makes a great office, studio, or reading spot. Downstairs, the basement offers plenty of storage with room to grow.The fenced yard is made for Portland summers, with space to garden, grill, and gather with friends. The backyard ADU, of course, is the real star: bright, modern, and thoughtfully designed with polished concrete floors, soaring ceilings, and warm wood accents. Just beyond your front door, Overlook Park, the MAX, and all the restaurants, coffee shops, and local favorites along Mississippi Avenue are just minutes away. It's an easy commute downtown, with a neighborhood you'll love coming home to. [Home Energy Score = 2. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10193217]

1552 N PRESCOTT ST, Portland

Listing courtesy of Paris Group Realty LLC.

$1,150,000
441992364 MLS
Originally built in 1908 and fully renovated in the last five years, the subject 3-plex features a 2-bed/2-bath unit on the main level (1,260 SF), a 3-bed/2-bath unit on the upper level (1,087 SF), and a 2-bed/1-bath unit on the lower level (1,020 SF). Current rents are below market providing additional upside for an investor. The property would make an ideal opportunity for investors seeking yield, or an owner-occupant looking to live in one unit while rental income pays the mortgage. Following a meticulous renovation of every unit, each unit boasts condo-quality finishes and comprehensive upgrades, including all-new mechanical systems, modern flooring, and designer kitchens and bathrooms. The kitchens are anchored by custom cabinetry, sleek quartz countertops, and premium stainless-steel appliances, while the bathrooms feature sophisticated custom tile showers. This property offers a rare opportunity to hold a piece of Portland’s architectural heritage without the headache of historic maintenance. This 1908 triplex has been meticulously renovated, offering the perfect "turn-key" investment: the timeless character of a century-old build paired with the reliability of a modern renovation. Because it is fully updated, you bypass the common pitfalls of older properties, allowing for immediate occupancy or high-end rentals. In a market where vintage charm is the gold standard, but modern efficiency is the requirement, this property stands out as a high-performing asset that is move-in ready from day one. It offers an exceptional unit mix designed for maximum rental flexibility and appeal. It includes a spacious 2-bedroom/2-bathroom unit on the main level (1,260 SF), a 3-bedroom/2-bathroom unit on the upper level (1,087 SF), and a 2-bedroom/1-bathroom unit on the lower level (1,020 SF).

215 NE 30th, Portland

Listing courtesy of Vitality Home Realty.

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Listing data last updated: 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.

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The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Last updated: