5587 NE 7th AVE, Portland, OR 97211
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5587 NE 7th AVE, Portland, OR 97211
5587 NE 7th AVE, Portland, OR 97211
5587 NE 7th AVE, Portland, OR 97211
5587 NE 7th AVE, Portland, OR 97211
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Dr. Tony Kelly

Dr. Tony Kelly

+1(503) 753-7300
Listed by Keller Williams Realty Portland Premiere • 503-704-0919
$ 3,280,000
Est. payment /mo
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5587 NE 7th AVE Portland, OR 97211

4,356 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 745845628

Year Built 2026

Annual Tax Amount $1,742

Tax Year 2025

Lot Size 4,356 Sqft

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.

Location

State OR

County Multnomah

Area _142

Zoning CM2

Rooms

Basement Crawl Space

Interior

Heating Mini Split, Wall Heater

Cooling Mini Split

Exterior

Roof Type Shingle

Garage No

Building

Lot Description Corner Lot, Level

Story 3

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 3

Schools

Elementary Schools Martinl King Jr

Middle Schools Harriet Tubman

High Schools Jefferson

Others

Acceptable Financing CallListingAgent, Cash, Conventional

Listing Terms CallListingAgent, Cash, Conventional

Regional Multiple Listing Service (RMLS)
Dr. Tony Kelly

Dr. Tony Kelly

Principal Broker | Keller Williams Realty Portland Premiere | License ID: Licensed in Oregon

+1(503) 753-7300

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5587 NE 7th AVE