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7190 Glisan st
Portland, OR 97213
7 Unit New Construction Investment Opp · Multifamily Property For Sale · 7 Units

Investment Highlights

  • Stunning 7-unit community
  • Built with exceptional craftsmanship and high-end finishes throughout
  • Two units have a fourth bedroom/office space
  • Three stories of thoughtfully designed living space
  • Premium property ideal for investors or owner-occupants

Executive Summary

Exceptional Investment Opportunity. This newly constructed 7-unit community is ideally positioned in Portland’s highly desirable Montavilla neighborhood, an area known for its strong rental demand, vibrant local culture, and excellent access to both urban amenities and major employment corridors. The property features a rare and highly sought-after unit mix, with spacious residences ranging from approximately 1,190 to 1,390 square feet across three thoughtfully designed levels. The homes were crafted by a multi-year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, reflecting a high level of quality, durability, and long-term appeal. Two units include a flexible ground-floor space well suited for a home office or potential fourth bedroom, catering to today’s work-from-home and multi-use living preferences, while the remaining five units offer efficient and in-demand three-bedroom layouts. All residences feature 2.5 bathrooms and modern, low-maintenance design elements that appeal strongly to long-term tenants. Montavilla continues to stand out as a tenant-favorite neighborhood due to its walkable commercial core, strong community identity, and convenient access to downtown Portland, the Central Eastside, and I-84. Nearby amenities include Montavilla Brew Works, Roscoe’s, Academy Theater, and a variety of local coffee shops, restaurants, and neighborhood services along SE Stark Street. Residents also enjoy close proximity to Montavilla Park, providing green space and outdoor recreation just minutes from home. This combination of new construction, larger unit sizes, flexible layouts, and a proven rental location is seldom found in today’s market. A compelling opportunity for investors seeking durable construction, strong tenant appeal, and long-term income stability in one of Northeast Portland’s most consistently desirable neighborhoods.

Property Facts

Price Per Unit $398,413
Sale Type Investment
Cap Rate 6.27%
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 0.10 AC
Building Size 28,000 SF
Average Occupancy 0%
No. Stories 3
Year Built 2025
Zoning CM2

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Microwave
  • Storage Space
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Carpet
  • Yard
  • Double Pane Windows
  • Patio
  • Quartz Countertops

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Storage Space
  • Online Services
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
4+2.5 2 $2,950 1,360 - 1,370
3+2.5 5 $2,650 1,190 - 1,230

Property Taxes

Property Taxes

Parcel Number
R219500
Land Assessment
$131,370
Improvements Assessment
$0
Total Assessment
$131,370
  • Listing ID: 38492237

  • Date on Market: 11/18/2025

  • Last Updated:

  • Address: 7190 Glisan st, Portland, OR 97213

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