7206 N SAINT LOUIS AVE, Portland, OR 97203
- $1,899,000
- 4,416
- SqFt
- List Price
- $1,899,000
- Price Change
- ▼ $100,000 1666313651
- Days on Market
- 1527
- MLS#
- 22390670
- Property Type
- Multifamily
- Sqft. of Residence
- 4,416
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Portland North
- Status
- ACTIVE
Property Description
Fully leased, income-producing 7-unit multifamily asset in North Portland, well suited for a 1031 exchange buyer seeking stable cash flow, diversified unit mix, and modern construction in a single acquisition. The property includes six newer-construction condominium residences plus a detached single-family home, offering multiple income streams and reduced operational concentration risk. The newer units feature efficient, renter-driven open-concept layouts with contemporary finishes, solid surface countertops, modern cabinetry, and neutral design selections that support strong leasing performance and long-term tenant retention. Unit mix ranges from studio to three-bedroom residences, allowing exposure to a broad tenant base and resilience across market cycles. The detached two-bedroom home includes a basement providing substantial storage and functional flexibility, enhancing tenant usability and operational convenience. The property is fully occupied, allowing an investor to step directly into stabilized income with no lease-up exposure. Located near the Cathedral Park neighborhood, one of North Portland’s most recognizable and tenant-favored areas, known for its riverfront setting beneath the iconic St. Johns Bridge, expansive green space, community events, and strong neighborhood identity that consistently drives rental demand. The location offers approximately 1.5 miles to Cathedral Park itself, under 1 mile to Pier Park and Columbia Park, and convenient access to dining, neighborhood retail, and services along N Lombard Street within roughly 0.75 miles. A 94 Bike Score and 91 Walk Score, nearby transit options, and proximity to employment centers and outdoor amenities further support long-term tenant appeal and durable rental performance. A rare opportunity to acquire a turnkey, stabilized multifamily investment combining modern construction, diversified income, and one of North Portland’s most sought-after neighborhood settings in a single cohesive package.
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Additional Information
- Tax Amount
- $16,511
- Year Built
- 2022
- High School
- Roosevelt
- Elementary School
- James John
- Middle School
- George
- Acres
- 0.11
- Living Area
- 4,416
- Stories
- 3
- Subdivision
- CATHEDRAL PARK
- Lot Size Dimension
- 50x100
- Terms
- Cash, Conventional
- Cooling Description
- Other
- Fuel Description
- Electricity
- Heating Description
- Zoned
- Hoa Rent Includes
- None
- Exterior Description
- Cement Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Security Or Entry
- Sidewalk
- Road Surface
- Paved
- Number Of Units Total
- 7
- Unit Type One Baths Total
- 1
- Unit Type One Rent
- 1145
- Unit Type One Sq Ft
- 418
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 3
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 1
- Unit Type Three Rent
- 1425
- Unit Type Three Sq Ft
- 635
- Unit Type Three Units Total
- 2
- Unit Type Four Baths Total
- 1
- Unit Type Four Beds Total
- 2
- Unit Type Four Rent
- 1425
- Unit Type Four Sq Ft
- 533
- Unit Type Four Units Total
- 2
- Unit Type Five Rent
- 2195
- Unit Type Five Sq Ft
- 868
- Unit Type Five Units Total
- 1
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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.