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17-Unit Portland Multifamily Portfolio 3 Multifamily Properties Offered at $5,424,900 in Portland, OR

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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.

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
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 -
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  • Listing ID: 38493260

  • Date on Market: 11/18/2025

  • Last Updated:

  • Address: 17-Unit Portland Multifamily Portfolio, Portland, OR

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