5587 NE 7th AVE, Portland, OR 97211
- $3,280,000
- List Price
- $3,280,000
- Days on Market
- 50
- MLS#
- 745845628
- Property Type
- Multifamily
- Lot Size
- 3, 000 to 4, 999 SqFt
- Region
- Portland Northeast
- Status
- ACTIVE
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.
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Additional Information
- Tax Amount
- $1,742
- Year Built
- 2026
- High School
- Jefferson
- Elementary School
- MartinL King Jr
- Middle School
- Harriet Tubman
- Acres
- 0.10
- Stories
- 3
- Lot Size Dimension
- 47.82X100
- Terms
- Call Listing Agent, Cash, Conventional
- Cooling Description
- Mini Split
- Fuel Description
- Electricity
- Heating Description
- Mini Split, Wall Heater
- Hoa Rent Includes
- None
- Hot Water Description
- Electricity
- Exterior Description
- Cement Siding
- Roof Type
- Shingle
- Sewer Description
- Public Sewer
- Parking
- On Street
- Parking Description
- On Street
- Road Surface
- Paved
- Number Of Units Total
- 8
- Unit Type One Baths Total
- 3
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 2395
- Unit Type One Sq Ft
- 827
- Unit Type One Units Total
- 8
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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.