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11 NE 55th Ave
Portland, OR 97213
NEW 16-unit Apartment in North Tabor · Multifamily Property For Sale · 16 Units

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INVESTMENT HIGHLIGHTS

  • Impeccably designed 16-unit buiilding
  • Turnkey Investment Opportunity
  • Coveted North Tabor neighborhood

EXECUTIVE SUMMARY

Exceptional investment opportunity in Portland’s coveted North Tabor neighborhood. This newly constructed 16-unit apartment building, completed by a respected local builder, offers modern design, long-term durability, and broad rental appeal. With a proven rental history and low-maintenance construction, this turnkey property is ideal for both seasoned investors and those looking to expand their portfolio. The building features a desirable mix of thoughtfully designed units, allowing for flexible leasing and strong occupancy rates. Stylish, contemporary finishes throughout the interiors and a clean, modern exterior enhance tenant satisfaction and curb appeal. Secure entry and well-maintained common areas contribute to tenant comfort and building integrity. Set in the heart of North Tabor—a neighborhood prized for its close-in convenience, tree-lined streets, and easy access to transit, parks, and vibrant local businesses—this location places tenants near the MAX light rail, Providence Portland Medical Center, and popular spots like Tabor Bread, Coquine, and the Montavilla dining and shopping scene. With a strong Walk Score and bike-friendly streets, this area is ideal for tenants seeking a connected, car-free lifestyle. Enjoy the stability of a high-demand rental location, paired with the ease of a well-executed new build. Don’t miss this rare chance to own a premium multifamily asset in one of Portland’s most sought-after close-in Eastside neighborhoods.

PROPERTY FACTS

Price Per Unit $209,369
Sale Type Investment
Cap Rate 5.17%
No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.12 AC
Building Size 11,609 SF
No. Stories 3
Year Built 2025
Zoning CM2

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 16 $1,213 265 - 576

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R216522
Land Assessment
$167,810
Improvements Assessment
$0
Total Assessment
$167,810
  • Listing ID: 37145923

  • Date on Market: 8/6/2025

  • Last Updated:

  • Address: 11 NE 55th Ave, Portland, OR 97213

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