5587 NE 7th AVE

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.

Overview

Property Status

For Sale

Lot Size

4,356 Sq.Ft.

MLS ID

745845628

Property Type

Multi-Family

Year Built

2026

Features & Amenities

Neighborhood

Portland

Stories

Water Source

Public Water

Roof

Shingle

Lot Features

Corner Lot, Level

Parking

On Street

Heat Type

Mini Split, Wall Heater

Air Conditioning

Mini Split

Sewer

Public Sewer

Substructure

Concrete Perimeter

Elementary School

MartinL King Jr

Middle School

Harriet Tubman

High School

Jefferson

Sales Price

$3,280,000

Real Estate Tax

$1,742/yr

Zoning

CM2

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We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

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for your interest in 5587 NE 7th AVE, Portland, OR 97211

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