Log In/Sign Up
Your email has been sent.
17-Unit Portland Multifamily Portfolio 3 Multifamily Properties Offered at $5,424,900 in Portland, OR



INVESTMENT HIGHLIGHTS
- Newly built 17-unit multifamily portfolio
- Individually metered units
- Turnkey performance with strong operational efficiency
- Constructed between 2023–2025,
- Majority of units currently leased
- Attractive tax advantages
EXECUTIVE SUMMARY
Investor Opportunity – Newly Built 17-Unit Portland Multifamily Portfolio! An exceptional opportunity to acquire a newly
constructed 17-unit multifamily portfolio across three high-performing Portland neighborhoods: Cully, Kenton, and St. Johns.
Property 1: 5855 NE Prescott Ave, Portland, OR 97218 - 4-Units
Property 2: 2329 N Lombard St. Portland, OR 97217 - 5-Units
Property 3: 6611 N Fessenden St Portland, OR 97203 - 8-Units
Built between 2023 and 2025, each building showcases modern design with high-end nishes, open layouts, and oversized
windows that ll the interiors with natural light. The combination of thoughtful design and new construction ensures lasting
tenant appeal and minimal ongoing maintenance. Every unit is individually metered, providing simplied management and
reduced operating costs. With the majority of units currently leased and income-producing, investors benet from immediate
cash ow and potential for continued rent growth and appreciation across some of Portland’s most stable rental markets. In
Cully, residents enjoy easy access to Tamale Boy, Baerlic Brewing, Coee Beer, and outdoor spaces such as Khunamokwst Park
and the Beaumont Village corridor. Kenton oers a close-knit community anchored by Kenton Park and the Denver Avenue retail
district, where tenants frequent Po’Shines Café De La Soul, Mayy Taproom, and Prince Coee. St. Johns attracts long-term
renters with its riverfront charm and vibrant main street featuring Cathedral Park, StormBreaker Brewing, Great North Coee,
and St. Johns Theater & Pub. This portfolio delivers turnkey performance and operational eciency; the recent construction
oers strong tax depreciation benets and reduced capital expenditure needs. With stable tenancy, desirable locations, and
contemporary design, investors gain both dependable returns and long-term upside potential. Whether held as a complete
portfolio or considered individually for strategic exibility, these assets provide scale, stability, and enduring value in three of
Portland’s most in-demand rental neighborhoods.
constructed 17-unit multifamily portfolio across three high-performing Portland neighborhoods: Cully, Kenton, and St. Johns.
Property 1: 5855 NE Prescott Ave, Portland, OR 97218 - 4-Units
Property 2: 2329 N Lombard St. Portland, OR 97217 - 5-Units
Property 3: 6611 N Fessenden St Portland, OR 97203 - 8-Units
Built between 2023 and 2025, each building showcases modern design with high-end nishes, open layouts, and oversized
windows that ll the interiors with natural light. The combination of thoughtful design and new construction ensures lasting
tenant appeal and minimal ongoing maintenance. Every unit is individually metered, providing simplied management and
reduced operating costs. With the majority of units currently leased and income-producing, investors benet from immediate
cash ow and potential for continued rent growth and appreciation across some of Portland’s most stable rental markets. In
Cully, residents enjoy easy access to Tamale Boy, Baerlic Brewing, Coee Beer, and outdoor spaces such as Khunamokwst Park
and the Beaumont Village corridor. Kenton oers a close-knit community anchored by Kenton Park and the Denver Avenue retail
district, where tenants frequent Po’Shines Café De La Soul, Mayy Taproom, and Prince Coee. St. Johns attracts long-term
renters with its riverfront charm and vibrant main street featuring Cathedral Park, StormBreaker Brewing, Great North Coee,
and St. Johns Theater & Pub. This portfolio delivers turnkey performance and operational eciency; the recent construction
oers strong tax depreciation benets and reduced capital expenditure needs. With stable tenancy, desirable locations, and
contemporary design, investors gain both dependable returns and long-term upside potential. Whether held as a complete
portfolio or considered individually for strategic exibility, these assets provide scale, stability, and enduring value in three of
Portland’s most in-demand rental neighborhoods.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) |
ANNUAL |
|---|---|
| Gross Rental Income |
$25,640
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$25,640
|
| Net Operating Income |
-
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $25,640 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $25,640 |
| Net Operating Income | |
|---|---|
| Annual | - |
PROPERTY FACTS
| Price | $5,424,900 | Number of Properties | 3 |
| Price / SF | $243.25 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 22,302 SF |
| Status | Active |
| Price | $5,424,900 |
| Price / SF | $243.25 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 22,302 SF |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 5855 Prescott St, Portland, OR 97218 | Multifamily | 10,335 SF | 2024 | - |
| 6611 N Fessenden St, Portland, OR 97203 | Multifamily | 7,392 SF | 2025 | - |
| 2329 N Lombard St, Portland, OR 97217 | Multifamily | 4,575 SF | 2025 | - |
1 1
1 of 48
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
17-Unit Portland Multifamily Portfolio
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
