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Listed by Keller Williams Realty Portland Premiere • 503-704-0919
$ 3,280,000
Est. payment /mo
New
5587 NE 7th AVE Portland, OR 97211
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 745845628
Year Built 2026
Annual Tax Amount $1,742
Tax Year 2025
Lot Size 4,356 Sqft
Property Description
A new-construction investment opportunity in one of Northeast Portland's most desirable rental corridors, this 2026-built eight-plex sits just blocks from Alberta Park, Woodlawn City Park, and Ainsworth — an A+ location that consistently draws strong tenant demand. All eight units are three-level townhomes with two bedrooms and two and a half bathrooms. Interiors are finished to a high standard throughout. Kitchens feature premium appliances, tasteful tile work, and modern cabinetry, while bathrooms carry through with clean, well-considered design. LVP flooring runs throughout the living spaces, and tall ceilings paired with generous windows make each unit feel open, light-filled, and private. The result is a turnkey product that should command strong market rents and minimize early-years maintenance and capital expense. The corner-lot positioning is a meaningful advantage, allowing each unit to have its own private deck or yard space — a feature that supports tenant retention and helps the property stand out among nearby rentals. For investors looking to add a low-maintenance, new-construction asset to a Portland rental portfolio, this eight-plex offers a strong combination of location, quality, and design. Call to arrange a private tour or request additional financials.
Location
State OR
County Multnomah
Area _142
Zoning CM2
Rooms
Basement Crawl Space
Interior
Heating Mini Split, Wall Heater
Cooling Mini Split
Exterior
Roof Type Shingle
Garage No
Building
Lot Description Corner Lot, Level
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Martinl King Jr
Middle Schools Harriet Tubman
High Schools Jefferson
Others
Acceptable Financing CallListingAgent, Cash, Conventional
Listing Terms CallListingAgent, Cash, Conventional
