7206 N SAINT LOUIS AVE

Portland, OR 97203

$1,899,000

Fully leased, income-producing 7-unit multifamily asset in North Portland, well suited for a 1031 exchange buyer seeking stable cash flow, diversified unit mix, and modern construction in a single acquisition. The property includes six newer-construction condominium residences plus a detached single-family home, offering multiple income streams and reduced operational concentration… Read MoreRead Less

Listing courtesy of Keller Williams Realty Portland Premiere.

Listing Snapshot

Days Online

1394

Last Updated

Mar 17, 2026

Square Ft.

4,416

Lot Size

0.11 Acres

Year Built

2022

MLS Number

22390670

30 Days Snapshot Of 97203

$483k

+1%

(avg) sold price

+10%

homes sold

+15%

(avg) days on market

Snapshot

Area Map

Additional Details

Disclosures

Disclosures: Exempt

Property Access

Road Surface Type: Paved

Building

Building Area Total: 4416, Built in 2022, Storage: None, Stories: 3, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5

Cooling

Cooling: Other

Expenses

Operating Expense: $29,228

Exterior Features

Exterior Description: CementSiding

Heating

Heating: Zoned

Income

CAP Rate: 5.27, Gross Income: $129,262, Gross Rent Multiplier: 14.69, Net Operating Income: $100,034

Lot

Features: CornerLot, Size Acres: 0.11, Size Dimensions: 50x100, Size Range: SqFt5000to6999, Size Square Feet: 4,791, Size: 5,000 to 6,999 SqFt

Miscellaneous

Investor Information: AccordingToOwner

Property

Number Of Units Total: 7, Property Condition: NewConstruction, Zoning: RM2

Roof

Roof: Composition

Security Features

Features: Sidewalk

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $16,512, Legal Description, Tax Year: 2025

Unit One

Actual Rent: $1,145, Area: 418, Units Total: 1, 1 total bathroom

Unit Two

Actual Rent: $1,795, Area: 794, Units Total: 1, 1 total bathroom, 3 total bedroom

Unit Three

Actual Rent: $1,425, Area: 635, Units Total: 2, 1 total bathroom, 1 total bedroom

Unit Four

Actual Rent: $1,425, Area: 533, Units Total: 2, 1 total bathroom, 1 total bedroom

Unit Five

Actual Rent: $2,195, Area: 868, Units Total: 1, 1 total bathroom, 2 total bedroom

Utilities

Fuel Description: Electricity, Water Source: PublicWater

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than eXp Realty, LLC are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on Mar 17, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on Mar 17, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Find My Dream Home

Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.

Preferred neighborhoods *

- First Name *
- Last Name *
Email *
Phone

I agree to receive a marketing communication via voice call, AI voice call, text message or similar automated means from Jamie Meushaw. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Reply STOP to unsubscribe. Privacy Policy *

Menu

7206 N SAINT LOUIS AVE

'VIP' Listing Search

Schools In The Area

Similar Listings

Find My Dream Home

1. Neighborhoods

2. Home Type

3. Send