5587 NE 7th AVE, Portland, OR 97211

$3,280,000

Beds

Baths

0.10 ac

Property Size

2026

Year Built

About The Property

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.

ARCHITECTURE

Stories: 3
Condition: New Construction
Year Built: 2026
Roof Type: Shingle
Foundation Details: Concrete Perimeter
Basement Details: Crawl Space

INTERIOR FEATURES

Heating Type: Mini Split, Wall Heater
Fuel Type: Electricity

EXTERIOR FEATURES

Lot Features: Corner Lot, Level
Lot size (Acres): 0.1
Zoning: CM2
Water Source: Public Water
Sewer: Public Sewer

SCHOOLS

Elementary: MartinL King Jr
High School: Jefferson
Middle: Harriet Tubman

TAX & FINANCIAL

Annual Tax: $1742.26
Terms Considered: CallListingAgent, Cash, Conventional
Tax Year: 2025

LISTING INFO

Listing courtesy of Keller Williams Realty Portland Premiere | 503-704-0919
Days On Market: 33

Map Location

Property Map

Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

Similar Listings

You Might Also Like

17805 NW 178th TER, Portland, OR 97229
Residential
Active
$1,135,000
17805 NW 178th TER, Portland, OR 97229
mls_logoRealty First
5100 SW Laurelwood Ave, Portland, OR 97225
Residential
Active
$1,399,000
5100 SW LAURELWOOD AVE, Portland, OR 97225
mls_logoRealty First
11812 SW 17th Ave, Portland, OR 97219
Residential
Active
$950,000
11812 SW 17TH AVE, Portland, OR 97219
mls_logoRealty First
SW 41st AVE 1, 2, 3, Portland, OR 97219
Land
Active
$1,100,000
SW 41st AVE 1, 2, 3, Portland, OR 97219
mls_logoRealty First

Erik Leland

Luxury Property Advisor | OR License 201225800
Member of: National Association of REALTORS® (NAR)

Request a Private Showing

Sun 12 Jul
Mon 13 Jul
Tue 14 Jul
Wed 15 Jul
Thu 16 Jul
Fri 17 Jul
Sat 18 Jul
Sun 19 Jul
Mon 20 Jul
Tue 21 Jul
In Person
Video Chat
Your information

Disclaimer

Property ID - | 732934

Agents make every effort to ensure the accuracy of listing details; however, all buyers should conduct their own due diligence before making decisions. Neither the listing agent nor the brokerage shall be liable for errors, omissions, or outdated information. All data is provided as a service and is intended strictly for the personal, non-commercial use of potential buyers.

©2026 LelandNW.com All rights reserved.

Compare Listings

Erik Leland