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Listed by Keller Williams Realty Portland Premiere, Lake Shovoly. 503-704-0919

MLS Source logo

5587 NE 7th AVEPortland, OR 97211

Active
$3,280,000
0 Square Feet

A new-construction investment opportunity in one of Northeast Portland's most desirable rental corridors, this 2026-built eight-plex sits just blocks from Alberta Park, Woodlawn City Park, and Ainsworth — an A+ location that consistently draws strong tenant demand. All eight units are three-level townhomes with two bedrooms and two and a half bathrooms. Interiors are finished to a high standard throughout. Kitchens feature premium appliances, tasteful tile work, and modern cabinetry, while bathrooms carry through with clean, well-considered design. LVP flooring runs throughout the living spaces, and tall ceilings paired with generous windows make each unit feel open, light-filled, and private. The result is a turnkey product that should command strong market rents and minimize early-years maintenance and capital expense. The corner-lot positioning is a meaningful advantage, allowing each unit to have its own private deck or yard space — a feature that supports tenant retention and helps the property stand out among nearby rentals. For investors looking to add a low-maintenance, new-construction asset to a Portland rental portfolio, this eight-plex offers a strong combination of location, quality, and design. Call to arrange a private tour or request additional financials.


FACTS & FEATURES

  • Property Type:
    MultiFamily
  • Architectural Style:
  • Bedrooms:
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  • Lot Size:
    0.10 Acres
  • Lot Description:
  • Stories:
    3
  • Year Built:
    2026
  • Interior Features:
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    Garage or Parking Spaces:
    Features: OnStreet
  • Area:
    _142
  • Views:
  • Schools:
    High School(s): Jefferson
    Middle School(s): Harriet Tubman
    Elementary School(s): MartinL King Jr
  • HOA:
  • Senior Community:
  • Heating:
    MiniSplit,WallHeater
  • Cooling:
    MiniSplit
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    Fireplace(s):
    Features:
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  • Foundation:
    ConcretePerimeter
  • Roof:
    Shingle

LOCATION


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Listing Office: Keller Williams Realty Portland Premiere. Listing Agent: Lake Shovoly. Listing ID: 745845628

Last Updated June 22, 2026 12:12 AM
Data last checked against RMLS on June 22, 2026 12:53 AM

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 Harcourts 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 is deemed reliable but is not guaranteed and should be independently verified. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

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