6841 N Montana Ave, Portland, OR, 97217
About This Home
Modern six unit apartment property built in 2023 in vibrant Arbor Lodge. Thoughtfully designed across 3,774 square feet, the building includes four one bedroom residences and two two bedroom residences, creating a versatile unit mix with broad tenant appeal. Bright, open interiors feature tall ceilings, expansive windows, neutral designer tones, and contemporary kitchens with tile accents, solid surface countertops, and stainless steel appliances. In unit laundry and efficient layouts add everyday convenience, while private fenced outdoor space with a patio extends the living area. The newer construction and well planned layouts offer investors a compelling opportunity to add a quality income producing asset to their portfolio in a sought after North Portland setting. An 81 Walk Score and exceptional 92 Bike Score place residents near New Seasons Market, Arbor Lodge Park, neighborhood restaurants and shops, MAX, and bus service. Convenient connections to downtown Portland, Kenton, the Alberta Arts District, and major commuter routes further support long term rental appeal.
Getting Around
Very Walkable
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Property condition: Approximately
- Year built: 2023
Materials
- Foundation: Concrete Perimeter,Slab,Stem Wall
- Roof: Flat
- Construction materials: Cement Siding,Lap Siding,Panel
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Microwave,Range,Electric Water Heater,Tank Water Heater
Basement
- Basement: Crawl Space
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 6
- Partial bathrooms: 2
Interior Area
- Total structure area: 3,774
- Total interior livable area: 3,774 sqft
Property
Details
- Parcel number: R709208
- Zoning: RM3
Features
- Stories: 2
- Has view: Yes
- View description: Trees/Woods
Lot
- Lot size: 3,484 sqft
- Features: Level,SqFt 3000 to 4999
- Lot size dimensions: 33.3' x 110'
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Multnomah County and Oregon
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,065 | $96,780 |
| Home Insurance * | $354 | $4,248 |
| Property Taxes | $1,355 | $16,260 |
| Electricity | $342 | $4,110 |
| Total | $10,116 | $121,392 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-07 | Price change | $1,395 |
| 2026-07-31 | Listed for sale | $1,595,000 |
| 2026-07-23 | Listed for rent | $1,425 |
| 2024-01-03 | Listing removed | -- |
| 2023-09-03 | Listed for rent | $1,375 |
For Sale by Agent
View on Zillow