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


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 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.17% | Lot Size | 0.12 AC |
| No. Units | 16 | Building Size | 11,609 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2025 |
| Zoning | CM2 | ||
| 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
| Parcel Number | R216522 | Improvements Assessment | $0 |
| Land Assessment | $167,810 | Total Assessment | $167,810 |
PROPERTY TAXES
Parcel Number
R216522
Land Assessment
$167,810
Improvements Assessment
$0
Total Assessment
$167,810
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