Portland, 97218
20 Bed
26 Bath
13521 SqFt
128 DOM
Built: 2025
$5,424,900
Portland 97218
$5424900
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Investor Opportunity – Newly Built 17-Unit Portland Multifamily Portfolio! An exceptional opportunity to acquire a newly constructed 17-unit multifamily portfolio across three high-performing Portland neighborhoods: Cully, Kenton, and St. Johns. Built between 2023 and 2025, each building showcases modern design with high-end finishes, open layouts, and oversized windows that fill the interiors with natural light. The combination of thoughtful design and new construction ensures lasting tenant appeal and minimal ongoing maintenance. Every unit is individually metered, providing simplified management and reduced operating costs. With the majority of units currently leased and income-producing, investors benefit from immediate cash flow and potential for continued rent growth and appreciation across some of Portland’s most stable rental markets. In Cully, residents enjoy easy access to Tamale Boy, Baerlic Brewing, Coffee Beer, and outdoor spaces such as Khunamokwst Park and the Beaumont Village corridor. Kenton offers a close-knit community anchored by Kenton Park and the Denver Avenue retail district, where tenants frequent Po’Shines Café De La Soul, Mayfly Taproom, and Prince Coffee. St. Johns attracts long-term renters with its riverfront charm and vibrant main street featuring Cathedral Park, StormBreaker Brewing, Great North Coffee, and St. Johns Theater & Pub. This portfolio delivers turnkey performance and operational efficiency; the recent construction offers strong tax depreciation benefits and reduced capital expenditure needs. With stable tenancy, desirable locations, and contemporary design, investors gain both dependable returns and long-term upside potential. Whether held as a complete portfolio or considered individually for strategic flexibility, these assets provide scale, stability, and enduring value in three of Portland’s most in-demand rental neighborhoods.
Listing Provided Courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere
MLS #326159155
Type
Days on Market 128 DOM
Beds20
Lot Size
Baths26
SqFt13521
Year built2025
ZoningCM2
CountyMultnomah
Tax IDNew Construction
ElemRigler 2/10
MiddleBeaumont
HighLeodis McDaniel
PropCategoryMultiFamily
PropType
Neighborhood (Legal)TBD
Krishna Realty data last checked: Mar 14, 2026 09:24 | Listing last modified Mar 14, 2026 00:21, Source:
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Upper SqFt
Main SqFt
Lower SqFt
Total SqFt13521
SFSrc
TotUp/Mn
Fireplaces
Bdrms20
Full Bath
Partial Bath
Total Bath26
RoofComposition
Garage
Style
ParkingOnStreet
Levels2
Year Built2025
Green CertNo
Energy Eff
ExteriorCementSiding, LapSiding
Bsmt/FndCrawlSpace
RV
URM
BasementCrawlSpace
FoundationConcretePerimeter
Windows
Amenities
Living
Kitchen
Interior
Exterior
Accessibility
CoolMiniSplit
WaterElectricity
HeatMiniSplit
SewerPublicSewer
Hot WaterElectricity
FuelElectricity
PTax/Yr0
HOA
HOA InclNone
HOA Fee
Other Dues
Terms ConsideredCash,Conventional
List Date11-06-2025
Rent (If Rented)
Bank Owned/REONo
Short SaleNo
Pending Date
DOM 128
CDOM 128
Sold Date
TermsCash,Conventional
Original Price$5,424,900
List Price$5,424,900
Sold Price
Last ModifiedMar 14, 2026 00:21
Listing courtesy of Keller Williams Realty Portland Premiere.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Krishna Realty data last checked: Mar 14, 2026 09:24 | Listing last modified Mar 14, 2026 00:21. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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