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7040 N Leonard St, Portland, OR 97203

$1,419,900

Property Description

Exceptional Four-Unit Investment Opportunity in the Heart of St. Johns. Located in one of Portland's most vibrant and scenic neighborhoods, this thoughtfully designed fourplex offers modern living, strong rental potential, and a rare opportunity to own a quality-built multifamily property in a prime location. Each unit features an open-concept Great Room layout with soaring ceilings and large windows that provide abundant natural light and a spacious feel. High-end finishes include stainless steel appliances, solid surface countertops, tile backsplashes, custom cabinetry, and open shelving in the kitchens. Units also offer a convenient half bath on the main level, with two bedrooms and two full bathrooms upstairs-including a private ensuite in each primary bedroom. All units enjoy access to a fenced-in patio space and one unit with a large shared backyard-ideal for tenants who value outdoor living, gardening, or pet-friendly amenities. Situated near Cathedral, Northgate, McKenna, St. Johns, and Pier Parks, and just across the St. Johns Bridge from Forest Park, this property is surrounded by popular local businesses including John Street Caf?, Two Stroke Coffee, The Fixin' To, and top neighborhood breweries. Built by a respected local Street of Dreams builder, this property will be an excellent addition to any investment portfolio with strong rental appeal, quality construction, and a location tenants will love.

7040 N Leonard St | MLS# 722164230

This multi-family property located at 7040 N Leonard St, Portland, OR 97203 is currently listed for sale with an asking price of $1,419,900. Search Portland real estate on juliecarnagey.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: MiniSplit
Fuel Type: Electricity
Heating: Mini Split
Roof Type: Composition
Stories: 2.0
Year Built: 2025

Units

Unit Type 1:
Bathroom(s): 3
Bedrooms: 2
Features: AirConditioning, Dishwasher, Microwave, Range
Rent: $2750.00
Square Footage: 948
Total Units: 1
Unit Type 2:
Bathroom(s): 3
Bedrooms: 2
Features: AirConditioning, Dishwasher, Microwave, Range
Rent: $2550.00
Square Footage: 896
Total Units: 2
Unit Type 3:
Bathroom(s): 3
Bedrooms: 2
Features: AirConditioning, Dishwasher, Microwave, Range
Rent: $2750.00
Square Footage: 896
Total Units: 1

Feature Descriptions

Days on Site: 37
Exterior: Cement Siding
Hot Water: Electricity
Lot: Corner Lot, Level
Sewer: Public Sewer
Special View Info: Trees/Woods
Units: 4
Water: Public Water

Local Schools

High School: Roosevelt
Middle School: George
Elementary School: James John

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty Portland Premiere
Agency Contact: 503-709-4632

Shown By

Agent Name: Julie Carnagey Broker
Agent Phone: (541) 410-8583
Agency Title: Bend Premier Real Estate

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Estimate Your Payment

Estimated Payment

$ 7,593.92 per month $7,179.79 Principal & Interest $0.00 Property Tax (data not provided by mls) $414.14 Homeowner's Insurance

Change Payment Information

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 05/27/2026. The listing information on this page last changed on 05/27/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 05/27/2026 1:22:00 PM EST) or RMLS (last updated Wed 05/27/2026 10:35:38 AM EST) or COAR/MLSCO (last updated Wed 05/27/2026 1:12:11 PM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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