Secure a complete, turnkey six-unit multifamily condo development in one efficient transaction. This modern 2025/2026-built project in the heart of the vibrant Dekum Triangle. Six spacious units, each 984 sq ft w/ contemporary open layouts, high-end finishes, energy-efficient design, and urban-modern appeal. Brand-new construction no surprises, no deferred maintenance and… Read More ready for immediate occupancy or leasing. Strong rental positioning — Northeast Portland’s rental market remains strong with median rents in the $2,200- $2,500 range for comparable 1–2 bedroom units. High demand driven by proximity to schools, coffee shops, breweries, parks, transit, and daily amenities. Exceptional location — Walk Score of 82, making it highly attractive to professionals, remote workers, and urban renters who prioritize car-light living. Read Less
Listing courtesy of John L. Scott Portland Central.
Listing Snapshot
Days Online
7
Last Updated
Year Built
2025
MLS Number
148112108
30 Days Snapshot Of 97211
$612k
-3%
(avg) sold price
35
-10%
homes sold
47
+14%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement: CrawlSpace
Building
Built in 2025, Storage: Deck, IndividualStorageUnits, Stories: 2, Unit Type Type: UnitTypeType1
Cooling
Cooling: CentralAir, MiniSplit
Disclosures
Disclosures: Exempt
Expenses
Operating Expense: $51,000
Exterior Features
Exterior Description: CementSiding, WoodSiding
Heating
Heating: Ductless, MiniSplit
Income
CAP Rate: 5.45, Gross Income: $180,000, Gross Rent Multiplier: 12.22, Net Operating Income: $120,000
Lot
Size Range: SqFt5000to6999, Size: 5,000 to 6,999 SqFt
Parking
Features: OnStreet
Property
Number Of Units Total: 6, Property Condition: NewConstruction, Zoning: CM2
Roof
Roof: Composition
Sewer
Sewer: PublicSewer
Taxes
Legal Description
Unit One
Area: 984, Features: Dishwasher, Microwave, Storage, WasherDryerHookup, Units Total: 6, 2 total bathrooms, 2 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Gas, Water Source: PublicWater
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