REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Alysa Farhoud

home@cedartreeestate.com +1(971) 444-9098

Listed by Keller Williams Realty Portland Premiere • 503-709-4632

$ 2,889,900

Est. payment | -/mo

7,179 SqFt

Save Virtual Tour

$ 2,889,900

Est. payment | -/mo

Save Virtual Tour

7,179 SqFt

Open House

Sat May 23, 1:00pm - 3:00pm

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,179 sqft

Price per Sqft $402

Subdivision Rose City Park

MLS Listing ID 204317021

Year Built 2026

Tax Year 2026

Lot Size 9,583 Sqft

Property Description

Located in Portland's desirable Rose City Park neighborhood, this newly constructed 7 unit multifamily offering presents a rare opportunity to acquire a modern, low maintenance asset in a highly rentable close in NE location with a projected pro forma cap rate of 5.6% at stabilization. All units are vacant, complete, and ready for lease up, giving investors immediate control over tenant placement, rental positioning, and stabilization strategy. The offering includes seven townhouse style residences across two buildings totaling ~7,179 square feet, with three end units configured as 3 bedrooms and 2.1 bathrooms at ~1,177 square feet each, and four interior units configured as 2 bedrooms and 2.1 bathrooms at ~912 square feet each. In total, the portfolio offers 17 bedrooms, 14 full bathrooms, and 7 half bathrooms. Each residence includes private outdoor space and energy efficient mini split systems for year round heating and cooling. The property was designed and developed by a local boutique builder known for quality construction, high end finishes, extensive built ins, distinctive accent walls, and crown molding with integrated lighting throughout the units. Each home is thoughtfully designed with high ceilings on the main level, open great room layouts, upstairs laundry conveniently located near the bedrooms, and strong unit differentiation that supports long term tenant appeal. Interior unit bedrooms feature vaulted ceilings, enhancing the spacious feel, while end units benefit from larger private yards. The Rose City Park location further supports tenant retention with everyday convenience near NE Sandy Blvd, the Hollywood District, grocery options, cafés, restaurants, parks, bike routes, and transit access. Tenants can enjoy nearby coffee, dining, errands, greenspaces, and commuting options while still living in one of close in Portland's most established and desirable residential neighborhoods.

Location

State OR

County Multnomah

Area _142

Zoning R2.5

Rooms

Basement Crawl Space

Interior

Heating Heat Pump, Mini Split, Wall Heater

Cooling Heat Pump, Mini Split

Exterior

View Trees Woods

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Level

Story 2

Foundation Concrete Perimeter, Stem Wall

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Rose City Park

Middle Schools Roseway Heights

High Schools Leodis Mcdaniel

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

Virtual Tour https://www.youtube.com/watch?v=EF1cKBJXoJY

Regional Multiple Listing Service (RMLS)

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(971) 444-9098

home@cedartreeestate.com

2175 NW Raleigh St Ste 110, Portland, Oregon, 97210, USA

2938 NE 62nd AVE Portland, OR 97213