7206 N Saint Louis Ave, Portland, OR 97203
Local realty services provided by:Knipe Realty ERA Powered
7206 N Saint Louis Ave,Portland, OR 97203
$1,899,000
- - Beds
- - Baths
- 4,416 sq. ft.
- Multi-family
- Active
Listed by: darryl bodle, kelly christian
Office: keller williams realty portland premiere503-597-2444
MLS#:22390670
Source:PORTLAND
Price summary
- Price:$1,899,000
- Price per sq. ft.:$430.03
About this home
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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Home facts
- Year built:2022
- Listing ID #:22390670
- Added:1210 day(s) ago
- Updated:May 22, 2026 at 01:29 PM
Rooms and interior
- Living area:4,416 sq. ft.
Heating and cooling
- Heating:Zoned
Structure and exterior
- Roof:Composition
- Year built:2022
- Building area:4,416 sq. ft.
- Lot area:0.11 Acres
- Lot Features:Corner Lot
- Levels:3 Stories
Schools
- High school:Roosevelt
- Middle school:George
- Elementary school:James John
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,899,000
- Price per sq. ft.:$430.03
- Tax amount:$16,512 (2025)
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