2938 NE 62nd Ave, Portland, OR 97213

Portland
Local realty services provided by:Knipe Realty ERA Powered
2938 NE 62nd Ave,Portland, OR 97213
$2,889,900
  • - Beds
  • - Baths
  • 7,179 sq. ft.
  • Multi-family
  • Active
Listed by: darryl bodle, kelly christian
Office: keller williams realty portland premiere503-597-2444
MLS#:204317021
Source:PORTLAND

Price summary

  • Price:$2,889,900
  • Price per sq. ft.:$402.55

About this home

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...

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Home facts

  • Year built:2026
  • Subdivision & Development:ROSE CITY PARK
  • Listing ID #:204317021
  • Added:166 day(s) ago
  • Updated:August 12, 2026 at 01:37 PM

Rooms and interior

  • Basement Description:Crawl Space
  • Living area:7,179 sq. ft.

Heating and cooling

  • Cooling:Heat Pump
  • Heating:Heat Pump, Mini Split

Structure and exterior

  • Roof:Composition
  • Year built:2026
  • Building area:7,179 sq. ft.
  • Lot area:0.22 Acres
  • Lot Features:Corner Lot, Level
  • Foundation Description:Concrete Perimeter, Stem Wall
  • Levels:2 Stories

Schools

  • High school:Leodis McDaniel
  • Middle school:Roseway Heights
  • Elementary school:Rose City Park

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,889,900
  • Price per sq. ft.:$402.55

Parking

  • Parking description:On street
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Knipe Realty ERA Powered are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: August 12, 2026

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