5587 NE 7th Ave, Portland, OR 97211
Local realty services provided by:Knipe Realty ERA Powered
5587 NE 7th Ave,Portland, OR 97211
$3,280,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: lake shovoly, eduardo reyes
Office: keller williams realty portland premiere503-597-2444
MLS#:745845628
Source:PORTLAND
Price summary
- Price:$3,280,000
About this home
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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Home facts
- Year built:2026
- Listing ID #:745845628
- Added:65 day(s) ago
- Updated:August 13, 2026 at 02:32 PM
Rooms and interior
- Basement Description:Crawl Space
Heating and cooling
- Heating:Mini Split
Structure and exterior
- Roof:Shingle
- Year built:2026
- Lot area:0.1 Acres
- Lot Features:Corner Lot, Level
- Foundation Description:Concrete Perimeter
- Levels:3 Stories
Schools
- High school:Jefferson
- Middle school:Harriet Tubman
- Elementary school:MartinL King Jr
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,280,000
- Tax amount:$1,742 (2025)
Parking
- Parking description:On street
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