The Rent Potential of
4480 SW Pasadena St Portland, OR 97219 is $3,578 – $4,590/mo.

This West Portland Park multi-family property, with 5 beds, 2 baths, and 3,454 sqft, is well-positioned for strong rental income. Based on nearby comps and the current rental market, estimated monthly rent ranges from $3.6K to $4.6K. With this range, annual gross revenue could hit $43K–$55K. The payback period, using the $865K list price, is approximately 15–20 years. Portland’s multifamily market is rebounding, though West Portland lags slightly behind citywide occupancy, and concessions remain common. The property’s updated features, private lot, and ADU-ready basement add flexibility and upside, but lease-up may require strategic incentives.

To maximize rental value, finalize the ADU for a third income stream and modernize communal amenities—think smart tech or energy efficiency upgrades. Emphasize the separate utilities, flexible floorplans, and strong school ratings in marketing. If selling, highlight the low vacancy trend, ADU potential, and recent upgrades. Position toward investors seeking value-add and stable long-term returns in a mature West Portland Park neighborhood.