2938 NE 62nd AVE, Portland, OR 97213
- $2,889,900
- 7,179
- SqFt
- List Price
- $2,889,900
- Price Change
- ▼ $450,000 1779239387
- Days on Market
- 152
- MLS#
- 204317021
- Property Type
- Multifamily
- Sqft. of Residence
- 7,179
- Lot Size
- 7, 000 to 9, 999 SqFt
- Region
- Portland Northeast
- Status
- ACTIVE
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 desirable and highly rentable pocket of close in Northeast Portland, 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 approximately 7,179 square feet. Three end units offer 3 bedrooms, 2.1 bathrooms, and approximately 1,177 square feet each, while four interior units offer 2 bedrooms, 2.1 bathrooms, and approximately 912 square feet each, creating a portfolio total of 17 bedrooms, 14 full bathrooms, and 7 half bathrooms. The mix of two and three bedroom layouts broadens the prospective tenant pool and supports diversified rental demand. Crafted by a local boutique builder known for refined interior detailing, signature illuminated crown molding, architectural built ins, and designer accent walls, each residence combines polished finishes with a functional, tenant friendly layout. High ceilings and open great room living define the main levels, while upstairs laundry near the bedrooms adds everyday convenience. Interior unit bedrooms feature vaulted ceilings, end units benefit from larger private yards, and every residence includes private outdoor space plus energy efficient mini splits for year round heating and cooling. The Rose City Park location supports long term tenant appeal with convenient access to NE Sandy Blvd, the Hollywood District, grocery options, cafes, restaurants, parks, bike routes, and transit. Residents can enjoy nearby coffee, dining, errands, green spaces, and commuting options while living in one of close in Portland’s most established residential neighborhoods.
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Additional Information
- Year Built
- 2026
- High School
- Leodis McDaniel
- Elementary School
- Rose City Park
- Middle School
- Roseway Heights
- Acres
- 0.22
- Living Area
- 7,179
- Stories
- 2
- Subdivision
- ROSE CITY PARK
- Lot Size Dimension
- 100x100
- Terms
- Cash, Conventional, FHA, VA Loan
- Cooling Description
- Heat Pump, Mini Split
- Fuel Description
- Electricity
- Heating Description
- Heat Pump, Mini Split, Wall Heater
- Hoa Rent Includes
- None
- Hot Water Description
- Electricity, Tank
- Exterior Description
- Board & Batten Siding, Cement Siding, Lap Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- View
- Trees/Woods
- Parking
- On Street
- Security Or Entry
- Sidewalk
- Parking Description
- On Street
- Road Surface
- Paved
- Number Of Units Total
- 7
- Unit Type One Baths Total
- 3
- Unit Type One Beds Total
- 3
- Unit Type One Rent
- 2950
- Unit Type One Sq Ft
- 1177
- Unit Type One Units Total
- 3
- Unit Type Two Baths Total
- 3
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 4
Mortgage Calculator
Listing courtesy of Keller Williams Realty Portland Premiere.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.