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Listed by Keller Williams Realty Portland Premiere • 503-709-4632
$ 1,749,900
Est. payment | /mo
5,071 SqFt
$ 1,749,900
Est. payment | /mo
5,071 SqFt
Open House
Sat May 02, 10:00am - 12:00pm
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,071 sqft
Price per Sqft $345
Subdivision Humboldt
MLS Listing ID 456565351
Year Built 2025
Tax Year 2025
Lot Size 4,791 Sqft
Property Description
New construction 5 unit townhouse style asset in North Portland's highly desirable Humboldt neighborhood, offering a fully completed, move in ready multifamily property that is vacant and ready for lease up with strong rental appeal. Each of the five units is thoughtfully designed with a 2 bedroom, 2.1 bathroom layout across ~1015 SqFt, providing functional separation, privacy, and broad tenant appeal. The townhouse style configuration eliminates units above or below, reducing noise transfer and supporting long term tenant retention. All units feature open concept main levels with modern finishes, including custom cabinetry, stainless steel appliances, solid surface countertops, peninsula kitchens with eat bars, and durable, low maintenance materials throughout. Each unit is equipped with energy efficient mini split heating and cooling, supporting tenant controlled comfort and reduced owner maintenance. Designed with long term performance in mind, every unit includes a private fenced yard and covered patio, highly desirable features that support rent premiums and tenant satisfaction. The end unit benefits from a larger yard and additional natural light, while the front unit offers convenient proximity to street parking, creating natural rent differentiation across the unit mix. New construction significantly limits near term capital expenditures, providing investors with a clean, turnkey asset positioned for immediate lease up and stable cash flow. Located in close proximity to New Seasons Market, Peninsula Park, and the vibrant Mississippi Avenue corridor, the property benefits from strong tenant demand driven by access to amenities, employment centers, and transportation options.
Location
State OR
County Multnomah
Area _141
Zoning RM2
Interior
Heating Mini Split
Cooling Heat Pump, Mini Split
Exterior
View Trees Woods
Roof Type Composition
Garage No
Building
Lot Description Level, Public Road
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Beach
Middle Schools Ockley Green
High Schools Roosevelt
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.youtube.com/watch?v=mXXKNF4Yjow
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Jesse Morgen
Owner, REALTOR® | Lic# 93823