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Investment Highlights

  • Six newly constructed detached homes
  • Four homes include dedicated off-street parking
  • Private fenced outdoor spaces for every home
  • 14 bedrooms across six residences
  • Energy efficient mini-split heating and cooling
  • Strong Northeast Portland rental location

Executive Summary

A rare opportunity to acquire six newly constructed detached homes within a thoughtfully designed cottage-style community in Northeast Portland. Located just blocks from Wilshire Park and near Beaumont-Wilshire, this portfolio offers a compelling blend of privacy, modern design, and long-term tenant appeal. The offering includes four 2-bedroom, 2.1-bath homes with ~835 square feet and two 3-bedroom, 2.1-bath homes with ~1,080 square feet. Each home is fully detached and features an open-concept great room, soaring ceilings, large picture windows, stainless steel appliances, solid surface countertops, custom cabinetry, tile backsplash, designer lighting, modern hardware, upper-level laundry, and energy efficient mini-splits for year round heating and cooling. Each home also includes private fenced outdoor yard space, adding usable outdoor living area and helping support tenant retention. Four of the six homes offered include a dedicated off street parking space. Residents benefit from close proximity to Wilshire Park, Beaumont Village, the Hollywood District, neighborhood cafés, restaurants, shops, transit access, and a 96 Bike Score. Brand new and move-in ready, this six-home portfolio offers rare detached-home rental inventory with modern finishes, efficient layouts, private yards, low-maintenance design, and highly marketable amenities in a desirable Northeast Portland location.

Financial Summary (Pro Forma - 2026)

Annual Annual Per SF
Gross Rental Income $177,000 $11.32
Other Income $2,883 $0.18
Vacancy Loss $6,195 $0.40
Effective Gross Income $173,688 $11.11
Taxes $25,409 $1.63
Operating Expenses $15,773 $1.01
Total Expenses $41,182 $2.63
Net Operating Income $132,506 $8.48

Financial Summary (Pro Forma - 2026)

Gross Rental Income
Annual $177,000
Annual Per SF $11.32
Other Income
Annual $2,883
Annual Per SF $0.18
Vacancy Loss
Annual $6,195
Annual Per SF $0.40
Effective Gross Income
Annual $173,688
Annual Per SF $11.11
Taxes
Annual $25,409
Annual Per SF $1.63
Operating Expenses
Annual $15,773
Annual Per SF $1.01
Total Expenses
Annual $41,182
Annual Per SF $2.63
Net Operating Income
Annual $132,506
Annual Per SF $8.48

Property Facts

Price $2,309,900
Price Per Unit $577,475
Sale Type Investment
Cap Rate 5.74%
No. Units 4
Property Type Multifamily
Apartment Style Single-Family Home
Lot Size 0.22 AC
Building Size 5,500 SF
Average Occupancy 0%
No. Stories 2
Year Built 2025
Parking Ratio 0.73/1,000 SF
Zoning R7

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Stainless Steel Appliances
  • Range
  • Yard
  • Double Pane Windows
  • Lawn

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2.5 2 $2,675 1,080
2+2.5 4 $2,425 835
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
  • Listing ID: 38505415

  • Date on Market: 11/19/2025

  • Last Updated:

  • Address: 4380 NE Going St, Portland, OR 97218

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