$7380900
Price cut: $1.6M (02-25-2026)
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14 Bed
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15 Bath
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22556 SqFt
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30 DOM
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Built: 2026
- Status: Active
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Krishna Regupathy
Principal Broker
(503) 893-8874Rare opportunity to acquire a newly constructed 16-unit multifamily development in NE Portland, delivered as a cohesive, high-quality rental community with a diversified unit mix and phased completion. The portfolio includes two attached fourplex buildings totaling eight townhouse-style residences and an eight-home detached cottage cluster, offering a rare blend of density, privacy, and long-term durability. The unit mix is renter-driven, featuring two and three bedroom residences with two and a half bathrooms throughout, efficient layouts, and strong separation between living and sleeping areas. Each bedroom includes crown molding with integrated built-in lighting, while main living levels feature built-in elements that add architectural interest and durability beyond typical rental construction. Detached cottages command a rental premium due to increased spacing between homes and enhanced landscaping, while attached townhomes offer private entries, fenced outdoor spaces, and end-unit configurations that support tenant retention. One fourplex on NE Stanton is fully completed, vacant, and move-in ready, providing immediate lease-up or income potential, while the remaining fourplex and cottage homes are under construction, allowing a buyer to step into a partially stabilized asset with a clear path to full completion. All residences are built with modern, energy-efficient systems including high-performance windows, efficient heat pump heating and cooling, energy-efficient water heating, and whole-house ERV ventilation to reduce operating costs and future capital exposure. Street parking only aligns with neighborhood norms while lowering maintenance obligations. This portfolio outperforms typical townhome rentals through its detached cottage premium, superior interior detailing, private outdoor spaces, and new construction efficiency, supporting stronger rents and long-term asset resilience.
Listing Provided Courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere
General Information
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732050211
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30 DOM
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14
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0.58 acres
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15
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22556
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2026
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R2.5
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Multnomah
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New Construction
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Rose City Park 5/10
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Roseway Heights 2/10
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Leodis McDaniel
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MultiFamily
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TBD
Listing Provided Courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere
Krishna Realty data last checked: Mar 16, 2026 09:18 | Listing last modified Mar 11, 2026 11:19,
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